The Consolidated Rail Corporation, commonly known as Conrail, was a major freight railroad company in the United States. Established in 1976, it was created to take over and operate several bankrupt railroads in the Northeast and Midwest. Conrail played a crucial role in revitalizing the rail industry in these regions, improving efficiency and service. In 1997, Conrail was acquired by two larger rail companies, CSX Transportation and Norfolk Southern, which split its assets. This acquisition marked the end of Conrail as an independent entity, but its legacy continues to influence freight transportation in the U.S. rail network today.