Business View Magazine - June 2016 99
running the very railroad he so adored.
While the Lackawanna had been a profitable railroad
for many years, by the middle of the last century, it
was in decline. Loss of passenger traffic, the waning
of Pennsylvania’s coal industry, and several natural di-
sasters which destroyed tracks and materiel, severely
cut into the railroad’s revenue leading to a 1960 merg-
er with its rival Erie RR, and then inclusion in Conrail
in 1976. In the mid-1980’s Conrail, which was also
facing economic hardships, began selling off its low
density lines and equipment.
AT A GLANCE
WHO:
Genesee Valley Transportation Company, Inc.
WHAT:
A 300-mile, regional rail system in New
York and Pennsylvania
WHERE:
Batavia, New York
WEBSITE
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