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The Second World War introduced the New Haven Railroad to the concept of mass dieselization. Additionally, the New Haven bought a small fleet of streamlined steam locomotives, streamlined electric locomotives, and initiated one of the first large scale piggyback freight operations during the 1930s. The New Haven also bought its first diesel switchers and modern lightweight passenger cars during the depression years. During the 1930s, the New Haven Railroad introduced the very first streamlined passenger train to New England, the unique Goodyear Zeppelin 'Comet'. Under bankruptcy protections the New Haven persevered and even managed to make some progress during this time of great trouble. Palmer petitioned the bankruptcy court for reorganization under section 77 of the bankruptcy laws to shield the troubled railroad from its creditors. In 1935, the New Haven's financial condition deteriorated to such a degree that president Howard S. The 'Great Depression' of the 1930s brought the New Haven Railroad once again to the brink of insolvency. Significant accomplishments by the New Haven during the 1920s included the modernization of a huge fleet of old wooden boxcars and the establishment of a bus and trucking subsidiary called 'The New England Transportation Company'. The generally favorable business climate of the 1920s permitted the railroad's new management to rebuild worn out equipment and infrastructure. In 1920, the New Haven Railroad reverted back to civilian ownership. The various 'war emergency' protections afforded the railroad by the USRA and the great influx of military related business put the New Haven back on its feet again. During World War One, the New Haven was taken over by the federal government and operated by the United States Railroad Administration (USRA). The war in Europe was the only thing which kept the New Haven Railroad out of bankruptcy at that time.
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Additionally, Morgan had so over-extended the company that it came very close to financial collapse. Morgan's monopoly building efforts, which were in violation of various federal and state anti-trust laws, came under direct criminal investigation.
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P Morgan's orders, the New Haven bought smaller railroads, steamship lines, and trolley companies throughout New England.īy 1910, J. Morgan set out to build a complete New England transportation monopoly using the New Haven Railroad as his cash cow and base of operations. were among the first large industrial plants in America to be designed to take advantage of scientific work management principals.Īround the turn of the century, the New Haven Railroad came under the control of J. Additionally, the New Haven Railroad's turn of the century car and locomotive shops at Readville, Ma. These experiments resulted in the entire main line from New York City to New Haven, Connecticut being put under catenary wires by 1914. Early experiments in electrification were performed on several branch lines during the 1890s. The New Haven Railroad was always a technologically innovative company. Consequently, by the turn of the century the New Haven had absorbed many smaller railroad companies, dramatically expanding from its original 450 route miles to over 2,047 miles of trackage. The New Haven's early management focused on expanding the company through an aggressive policy of mergers and acquisitions. The New Haven Railroad was formed in 1872 when the New York & New Haven and Hartford & New Haven railroads were merged together to form the New York, New Haven and Hartford Railroad Company. In its day, the New Haven was generally considered the largest and most important transportation enterprise in New England. During the early 1940s the New Haven Railroad even tried to start an airline subsidiary! The New Haven was one of the few railroads in America to operate steam, diesel, and electric locomotives at the same time. The New Haven operated freight and passenger trains over a Boston - New York City main line and a number of branch lines.Īt various points in time, the New Haven Railroad owned trolley companies, truck companies, bus companies, and steamship companies. The New York, New Haven and Hartford Railroad Company, commonly known as the New Haven Railroad or simply, 'The New Haven', operated in the states of New York, Connecticut, Rhode Island, and Massachusetts.