Chessie System, Inc. was a holding company that owned the Chesapeake and Ohio Railway (C&O), the Baltimore and Ohio Railroad (B&O), the Western Maryland Railway (WM), and several smaller carriers. It was incorporated in Virginia on February 26, 1973, and it acquired the C&O (which controlled the other companies) on June 15. On November 1, 1980, Chessie System merged with Seaboard Coast Line Industries to form CSX Corporation. However, the Chessie image continued to be applied to new and re-painted equipment until mid-1986, when CSX introduced its own paint scheme. The B&O and C&O were not legally merged out of existence until 1987, when the company’s official successor, CSX Transportation was founded.