1980day.year
The Chicago, Rock Island and Pacific Railroad operates its final train after being ordered to liquidate its assets because of bankruptcy and debts owed to creditors.
The Chicago, Rock Island and Pacific Railroad ran its final train on March 31, 1980 after a court-ordered liquidation.
Founded in 1851, the Chicago, Rock Island and Pacific Railroad was a major freight and passenger carrier in the American Midwest. Decades of financial struggles led creditors to seek liquidation, citing mounting debts and declining revenues. In 1975, a federal court ordered the company to sell off its assets. On March 31, 1980, the railroad operated its final service, bringing an end to 129 years of operation. Its tracks and equipment were subsequently sold to various regional carriers. The closure reshaped the region's transportation landscape and highlighted the challenges facing the rail industry.
1980
Chicago, Rock Island and Pacific Railroad
liquidate
bankruptcy
debts
creditors