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At the time, Penn Central owned Six Flags and Rio Grande had plans to build several theme parks of their own, in addition to owning a coaster-building company.
All 10 were quickly rebuilt under the trustees' management, but by the time of the New Haven's 1969 inclusion in Penn Central, four were again out of service (and were soon scrapped).
The railroad also operates a line formerly operated by Conrail, Penn Central, Pennsylvania Railroad from Wallington, where it meets the Hojack, to Newark to interchange with CSX's ex-Conrail Chicago Line.
Though both the Pennsylvania and the Central struggled through the 1950s on the dividends from their large investments in border state coal haulers—the Chesapeake and Ohio and the Norfolk and Western—the Penn Central merger created a massive system from two weakened giants.
In mid-1973, under Judge John P. Fullam, the bankrupt Penn Central threatened to end all operations by the end of the year if they did not receive government aid by October 1.
A few small portions of the line still exist, including a short spur off the Dunkirk mainline of the former Michican & Lake Shore / NYC (Penn Central/Conrail, now Norfolk Southern) to Fredonia to serve the Carriage House Foods manufacturing plant just north of U.S. Route 20 in Fredonia, as well as a small spur less than a mile long to serve a plastics company in Warren, Pennsylvania.
Norfolk Southern operates overnight freight service between the western junction of the Trenton Cutoff (a former Penn Central electrified "through-freight" line) and just west of Parkesburg via trackage rights, mainly supplying the Mittal steel plate manufacturing plant in Coatesville.
After Penn Central's bankruptcy in 1970 and subsequent nationalization, the LMR became the property of Conrail.
Penn Central later used the company to own real estate from abandoned rail lines, and it remains as a subsidiary of American Premier Underwriters, successor to Penn Central.
Not all units received a full Penn Central paint scheme, mainly due to the cash-strapped nature of the railroad, which went bankrupt in June 1970.