 In 1960, the DL&W RR merged with the Erie Railroad to form the Erie-Lackawanna Railroad.The last ferry crossing of the Hoboken company, in operation since 1821, took place on November 22, 1967, when the railroad closed its trans-Hudson operations and offered its ferries for sale.The Erie-Lackawanna Railroad eventually filed for bankruptcy before being absorbed into Conrail in 1976.