New York Air Brake
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The New York Air Brake Corporation, located in Watertown, New York, is a manufacturer of air brake and train control systems for the railroad industry worldwide.
NYAB on its old location at Beebee Island
155mm shells, one of the many items produced during the WWI period
New York Air Brake gauges to control a Rotair Valve Westinghouse Air brake
Staggers Rail Act
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The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since th
New York Air Brake
…from $18 million in 1950 to more than $45 million in 1957. On June 15, 1967, NYAB merged with General Signal Corporation. In 1980, Congress passed the Staggers Act, which deregulated the railroad industry. As a result of the ending of tax breaks for railroad car ownership, new car and brake orders plummeted from…
President Jimmy Carter signs the Staggers Rail Act into law on October 14, 1980. Representative Harley O. Staggers, sponsor of the bill, stands to the president's right.
Percent change in freight rail fares since Staggers Act deregulation.