In 1866, the LVRR purchased acquired the Lehigh and Mahanoy Railroad (originally the Quakake Railroad) and the North Branch Canal along the Susquehanna River, renaming it the Pennsylvania and New York Canal & Railroad Company (P&NY).
In 1866, the company acquired the Lehigh and Mahanoy Railroad (originally the Quakake Railroad). Recognizing an opportunity for a near monopoly in the region north of the Wyoming Valley, also in 1866 the LVRR purchased the North Branch Canal along the Susquehanna River, renaming it the Pennsylvania and New York Canal & Railroad Company (P&NY).