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  1. The London and North Eastern Railway (LNER) was the second largest (after LMS) of the "Big Four" railway companies created by the Railways Act 1921 in Britain. It operated from 1 January 1923 until nationalisation on 1 January 1948.

  2. The London & North Eastern Railway was one of Britain’s ‘big four’ railway companies, created by the 1923 Grouping of smaller companies on a geographical basis. The ‘big four’ formed Britain’s railway system through the difficult 1920s, 1930s and World War II, until they were nationalized in 1948.