STB 1/10/2011 DECISION PRR/ NYC FROM 1976

Discussion relating to the Penn Central, up until its 1976 inclusion in Conrail. Visit the Penn Central Railroad Historical Society for more information.

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STB 1/10/2011 DECISION PRR/ NYC FROM 1976

Postby rdgrailfan » Thu Feb 10, 2011 10:51 am

http://www.stb.dot.gov/decisions/readin ... enDocument

DECISION UPHOLDS THE ARBITRATION AWARD OF APPROXIMATELY $13.4 MILLION IN LABOR PROTECTION BENEFITS AND INTEREST TO 32 CLAIMANTS (OR THEIR SURVIVORS OR OTHER PERSONAL REPRESENTATIVES) WHO WERE EMPLOYED BY THE PENN CENTRAL TRANSPORTATION COMPANY BEFORE IT CEASED TO EXIST AS A RAILROAD IN 1976.

Interesting decision for PC wonder who is going to pay the 13.4 Million award???
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Re: STB 1/10/2011 DECISION PRR/ NYC FROM 1976

Postby JimBoylan » Thu Feb 10, 2011 5:45 pm

rdgrailfan wrote:Interesting decision for PC wonder who is going to pay the 13.4 Million award???
According to the decision, Penn Central Transportation Company, in 1978 renamed the “Penn Central Corporation.” In 1994, the company changed its name to “American Premier Underwriters, Inc.” . The employees had worked for Cleveland Union Terminals.
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