Penn Central declared bankruptcy in 1970; its passenger service was taken over by Amtrak in 1971 and its assets by Conrail in 1976.

1970年宾州中央运输公司宣布破产，1971年客运业务由全国铁路客运公司接管，1976年其资产由联合铁路公司收购。

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It began to lose money in the mid 20th century, and in 1968 it merged with its competitor, the New York Central, to form the Penn Central Transportation co.

20世纪中期开始亏损，1968年被其对手纽约中央铁路公司并购，成立宾州中央运输公司。

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New York had the lowest rate, at seventy-nine percent of the adults observed at Grand Central Station and Penn Station.

VOA: special.2010.09.29

The market blew up when Penn Central went under in 1970, precipitating a serious financial crisis.

FORBES: Largely Useless, Even Harmful

When Penn Central went into receivership Michaels strongly recommended that investors not panic.

FORBES: James W. Michaels

Then in 1970 came the staggering bankruptcy of the nation's largest railroad, Penn Central, a heavy user of commercial paper.

FORBES: Fact and Comment