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The Pennsylvania Railroad was an American railroad existing 1846–1968, after which it merged into Penn Central Transportation. Commonly referred to as the Pennsy, the company was headquartered in Philadelphia, Pennsylvania. The company's symbol was a keystone (Pennsylvania's symbol) with the letters PRR overlapping inside it. When colored, it was bright red with silver-grey edges and lettering. The PRR was the largest railroad by traffic and revenue in the US throughout its 20th century existence and for a long while was the largest publicly traded corporation in the world. The corporation still holds the record for the longest continual dividend history, over 100 years of never missing an annual shareholder payment For a long time the PRR called itself the Standard Railroad of the World, meaning that it was the standard to which all other railroads aspired, the "gold standard". For a long time that was literally true; the railroad had an impressive lists of firsts, greatest, biggest and longest. The PRR was the first railroad to rid itself of wooden-bodied passenger cars in favor of the much safer steel-bodied cars. It led the way in many safety and efficiency improvements over the years. This advantage lessened as the years progressed, and the PRR eventually abandoned the use of the phrase. The Pennsylvania Railroad was standard in another way, too - it was an early proponent of standardization. While other railroads used whatever was to hand or available, the Pennsylvania tested and experimented with solutions until they could decide on one, and then made it standard across the whole company. Other railroads bought locomotives and railroad cars in small lots, taking whatever was available from manufacturers at the time. The PRR produced huge numbers of standardized designs. This gave the railroad a feel of uniformity and greatly reduced costs. The PRR was also an early adopter of standard liveries and color schemes.
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