United States Railway Association
- United States Railway Association
The United States Railway Association was the Corporation created by federal law that oversaw Conrail.
President Nixon signed the Regional Rail Reorganization Act of 1973 into law. The 3R Act, as it was called, provided interim funding to the bankrupt railroads and defined a new Consolidated Rail Corporation under the AAR's plan.
The 3R Act also formed the United States Railway Association, another government corporation, taking over the powers of the Interstate Commerce Commission with respect to allowing the bankrupt railroads to abandon unprofitable lines. The USRA was incorporated February 1, 1974, and Edward G. Jordan, an insurance executive from California, was named president on March 18 by Nixon. Arthur D. Lewis of Eastern Airlines was appointed chairman April 30, and the rest of the board was named May 30 and sworn in July 11.
Under the 3R Act, the USRA was to create a Final System Plan to decide which lines should be included in the new Consolidated Rail Corporation. "(See List of railroads transferred to Conrail)". Unlike most railroad consolidations, only the designated lines were to be taken over; the others were to remain with the old companies along with non-rail related properties. The plan was unveiled July 26, 1975, consisting of lines from Penn Central and six other companies - the Ann Arbor Railroad (bankrupt 1973), Erie Lackawanna Railway (1972), Lehigh Valley Railroad (1970), Reading Company (1971), Central Railroad of New Jersey (1967) and Lehigh and Hudson River Railway (1972). Controlled railroads and jointly owned railroads such as Pennsylvania-Reading Seashore Lines were also included (see list of railroads transferred to Conrail for a full list). It was approved by Congress on November 9, and on February 5, 1976 President Ford signed the Railroad Revitalization and Regulatory Reform Act of 1976, which included this Final System Plan, into law.
The U.S. Railway Association was abolished on January 1 1987 by Congress under 45 USC 1341.
"The United States Railway Association is not to be confused with the United States Railroad Administration. Between 1917-1920, the U.S. Railroad Administration sought to nationalize the U.S. railroad system by creating 17 - 20 regional railroads."
Wikimedia Foundation.
2010.
Look at other dictionaries:
UNITED STATES OF AMERICA — UNITED STATES OF AMERICA, country in N. America. This article is arranged according to the following outline: introduction Colonial Era, 1654–1776 Early National Period, 1776–1820 German Jewish Period, 1820–1880 East European Jewish Period,… … Encyclopedia of Judaism
United States labor law — is a heterogeneous collection of state and federal laws. Federal law not only sets the standards that govern workers rights to organize in the private sector, but overrides most state and local laws that attempt to regulate this area. Federal law … Wikipedia
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
United States Postal Service — This article is about the government agency. For individual post offices, see U.S. Post Office (disambiguation). For the cycling team, see Discovery Channel Pro Cycling Team. USPS redirects here. For the non profit boating safety and education… … Wikipedia
United States Military Academy — West Point and USMA redirect here. For other uses, see West Point (disambiguation) and USMA (disambiguation). United States Military Academy at West Point Motto Duty • Honor • Country … Wikipedia
United States Capitol — Infobox Historic building name=United States Capitol caption=The west face of the United States Capitol map type= latitude= longitude= location town=Capitol Hill, Washington, D.C. location country=United States of America architect=William… … Wikipedia
UNITED STATES LITERATURE — The Influence of the Bible and Hebrew Culture The Jewish influence on American literary expression predated the actual arrival of Jews in the United States in 1654, for the Puritan culture of New England was marked from the outset by a deep… … Encyclopedia of Judaism
United States of America — Between 1800 and 1914, the United States nearly quadrupled its national territory, became a world power, and created three overlapping and intimately connected forms of empire: a transcontinental empire, an informal empire, and an overseas… … Encyclopedia of the Age of Imperialism, 1800–1914
United States Ambassador to Djibouti — The area on the Horn of Africa that is now the small nation of Djibouti has been populated for thousands of years by the nomadic peoples of Africa. The Somali and Afar tribes of the area were known to trade hides and skins for the perfumes and… … Wikipedia
United States Post Office (New Rochelle, New York) — US Post Office New Rochelle U.S. National Register of Historic Places … Wikipedia
