Owasco River Railway
Encyclopedia
The Owasco River Railway was a switching railroad that provided rail service to several industries on the Owasco River
in Auburn, New York
, interchanging with the New York Central Railroad
and the Lehigh Valley Railroad
via trackage rights
on the New York Central. Incorporated on June 2, 1881 and opened by 1886, it was initially owned by the International Harvester Company, but the New York Central gained control of the company and sold half of the stock to the Lehigh Valley Railroad
in 1931.
The company was eventually acquired by the Penn Central Transportation Company, successor to the New York Central, and was abandoned in 1976 when Conrail was formed. 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.
Owasco River
Owasco River is a river in Cayuga County, New York, United States. The Owasco River Railway is named after the river.It begins at Owasco Lake and flows north-northwest to the Seneca River....
in Auburn, New York
Auburn, New York
Auburn is a city in Cayuga County, New York, United States of America. As of the 2010 census, the city had a population of 27,687...
, interchanging with the New York Central Railroad
New York Central Railroad
The New York Central Railroad , known simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States...
and the Lehigh Valley Railroad
Lehigh Valley Railroad
The Lehigh Valley Railroad was one of a number of railroads built in the northeastern United States primarily to haul anthracite coal.It was authorized April 21, 1846 in the U.S. state of Pennsylvania and incorporated September 20, 1847 as the Delaware, Lehigh, Schuylkill and Susquehanna Railroad...
via trackage rights
Trackage rights
Trackage rights , running rights or running powers is an agreement whereby a railway company has the right to run its trains on tracks owned by another railway company....
on the New York Central. Incorporated on June 2, 1881 and opened by 1886, it was initially owned by the International Harvester Company, but the New York Central gained control of the company and sold half of the stock to the Lehigh Valley Railroad
Lehigh Valley Railroad
The Lehigh Valley Railroad was one of a number of railroads built in the northeastern United States primarily to haul anthracite coal.It was authorized April 21, 1846 in the U.S. state of Pennsylvania and incorporated September 20, 1847 as the Delaware, Lehigh, Schuylkill and Susquehanna Railroad...
in 1931.
The company was eventually acquired by the Penn Central Transportation Company, successor to the New York Central, and was abandoned in 1976 when Conrail was formed. Penn Central later used the company to own real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
from abandoned rail lines, and it remains as a subsidiary of American Premier Underwriters
American Premier Underwriters
American Premier Underwriters is a property and casualty insurance company which was created from the non-rail assets of Penn Central, which represented a variety of businesses, some of which were sold over the following years. By 1994, it was primarily an insurance company, and changed its name...
, successor to Penn Central.