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January 5 and 6– The Erie Lackawanna's
trains Nos. 5 and 6, The Lake Cities, from Hoboken to Chicago, discontinued ending all of the
Lackawanna's long distance passenger service .
June 21 – The Penn Central declares Section 77 bankruptcy in the largest
corporate bankruptcy in United States history thus far. The
trains continue to run.
June 28 - The Chicago Urban
Transportation District is created by local referendum in
downtown Chicago to finance and build the 1968 Loop and Distributor Subway
project as recommended by the Chicago Central Area Transit Planning
Study.
Shipment of gasoline
from Casper,
Wyoming, the city that shipped the greatest amount in the world
of gasoline by rail earlier in the 20th century, is shifted from railroad tank cars to a new
pipeline.[5]