by CPSK
Hi;
I have read and heard that Penn Central never made a penny (let alone a dime) during their existence. Is this actually true? If so, how much money did they lose? Who paid their operating costs?
I grew up along the New York Central West Shore line, which later became the Penn Central River Line, and as a teenager, I would enjoy talking with train crews who were stopped for many hours on a passing track in Teaneck, NJ.
Thanks
FW
I have read and heard that Penn Central never made a penny (let alone a dime) during their existence. Is this actually true? If so, how much money did they lose? Who paid their operating costs?
I grew up along the New York Central West Shore line, which later became the Penn Central River Line, and as a teenager, I would enjoy talking with train crews who were stopped for many hours on a passing track in Teaneck, NJ.
Thanks
FW