Owasco River Railway
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 . 
<triplet> Penn Central Transportation Company <subj> 1976 <obj> dissolved, abolished or demolished date <subj> Conrail <obj> followed by <triplet> Conrail <subj> Penn Central Transportation Company <obj> replaces