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The railroad was built for the primary purpose of hauling anthracite. At the time, anthracite was transported by boat down the Lehigh River. The railroad was meant to be a faster means of transportation.
By the 1890s, it stretched from New York Harbor to Tifft Terminal in Buffalo, New York, passing through the Lehigh river valley in Pennsylvania, and the Finger Lakes region of New York. Coal traffic declined steadily after the 1940s and by 1962 the Pennsylvania Railroad had acquired majority stock control.
On June 24, 1970, Lehigh Valley Railroad declared bankrupcty, just three days following the bankruptcy of the Pennsylvania Railroad's successor, Penn Central.
In 19761976 is a leap year starting on Thursday (link will take you to calendar). Events January January 12 UN Security Council votes 11-1 to admit the Palestinian Liberation Organization January 15 Would-be Gerald Ford presidential assassin Sara Jane Moore is s, the assets of the bankrupt Lehigh Valley Railroad were acquired by ConrailConrail or to give it its full (but rarely used) title, the Consolidated Rail Corporation is an American railroad company formed in 1976 by the Railroad Revitalization and Regulatory Reform Act under federal government auspices to take over and rebuild th.
Defunct railroad companies of the United States Defunct companies New York railroads Pennsylvania railroads