railroad mergers and the coming of Conrail

by Saunders, Richard

Publisher: Greenwood Press in Westport, Conn

Written in English
Cover of: railroad mergers and the coming of Conrail | Saunders, Richard
Published: Pages: 389 Downloads: 450
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Places:

  • United States.

Subjects:

  • ConRail.,
  • Railroads -- Mergers -- United States.

Edition Notes

StatementRichard Saunders.
SeriesContributions in economics and economic history,, no. 19
Classifications
LC ClassificationsHE2757 1978 .S28
The Physical Object
Paginationxii, 389 p. :
Number of Pages389
ID Numbers
Open LibraryOL4571242M
ISBN 100313200491
LC Control Number77091095

Selling books on railroad history, modeling, the history and development of technology, and related transportation subjects. Newsletter and show schedule. REV: J BENJAMIN C. ESTY The Acquisition of Consolidated Rail Corporation (A) After eight days of intense negotiations in a New York City hotel room, executives from CSX Corporation (CSX) and Consolidated Rail Corporation (Conrail), the first- and third-largest railroads in the Eastern United States, announced an $ billion merger.1 This combination would create the.   Crazy for Conrail. By TRP Staff. If the Penn Central merger that brought the Pennsylvania Railroad and New York Central together was a disaster, what would you expect to get when you take that railroad and add five more ailing bankrupt carriers? That’s what the managers of Conrail were faced with on April 1, Conrail Inc. and CSX Corp. yesterday announced a deal that would allow CSX and Norfolk Southern Corp. to divide Conrail between them, a plan that would greatly increase rail freight competition in.

  The new rail law requires the I.C.C. to decide on mergers within 31 months. That should allow plenty of time for careful study by the Department. of Transportation and the I.C.C. on whether this. Richard Saunders, in his book The Railroad Mergers and the Coming of Conrail (Westport, Conn.: Greenwood Press, ), which is now out of print but the Albany Public Library and the SUNY New Paltz library each have a copy, writes that. Construction of Selkirk Yard near Albany was begun before the [Penn Central] merger. It is an incredible read at how badly a company can be run. Another great book on that time period is called" Erie Lackawanna, The Death of an American Railroad."Not just about EL but about the whole mess in the East at the time. Bill Rettberg Bel Air, MD commercial photography Edited 1 time(s). Last edit at 04/14/20 by Roadjob. With acknowledgement to Richard Saunders, Jr's two books 'Merging Lines, American Railroads ' and 'Main Lines, Rebirth of the North American Railroads, '. An overall summary of the changes in traffic flows between Chicago/St. Louis and the Northeast from the New York Central and Pennsylvania Railroad era, through the Conrail.

7 As discussed below, railroad mergers were subject to review and approval by the Interstate Commerce Commission (“ICC”) from to , and by the Surface Transportation Board (“STB”) since Throughout that period, ICC/STB-approved mergers have been immune from challenge under the antitrust laws, cf. 49 U.S.C §(a). Railroad workers have all been lied to long enough by management, and we can smell lies coming from a mile away. As a word of advice to Railway Age, I would caution them against living in the past and trying to play SMART-TD against the BLET. We are working closely together in the Coordinated Bargaining Coalition (CBC) in national handling and. THE CREATION OF CONRAIL Abstract: This article examines the process through which pub­ lic policy was developed following the bankruptcy of the Penn Cen­ tral railroad in to provide for the continuation of rail services in the Northeast and to remedy conditions resulting from federal regulation of the rail . PHILADELPHIA (AP) — Conrail Inc. agreed to an amended merger agreement late Friday that allows suitors CSX Corp. and Norfolk Southern Corp. to split the railroad and end months of.

railroad mergers and the coming of Conrail by Saunders, Richard Download PDF EPUB FB2

The most comprehensive book on the railroads and their state of affairs from the early ’s to the creation of Conrail in Well written and attention grabbing for any person wanting to see how the railroads survived or didn’t in this period. Buy it, read it & enjoy by: 9. The Railroad Mergers and the Coming of Conrail book.

Read reviews from world’s largest community for : The Railroad Mergers and the Coming of Conrail by Richard Saunders.

Greenwood Pub Group, Hardcover. Good. Additional Physical Format: Online version: Saunders, Richard, Railroad mergers and the coming of Conrail.

Westport, Conn.: Greenwood Press, The Railroad Mergers and the Coming of Conrail. Hardcover Books fully returnable up to ten days after purchase with prior notification.

All credit cards accepted. Postage: $ for first book, $ for each thereafter for USPS media mail. Postage for larger books, international orders and priority mail quoted individually.

THE RAILROAD MERGERS AND THE COMING OF CONRAIL. Railroads of the early 20th century are described and regional differences noted. The effects of early consolidation efforts, the Transportation Acts of andthe Ripley Plan and the Esch-Cummins initiative are described.English, Book, Illustrated edition: The railroad mergers and the coming of Conrail / Richard Saunders.

Saunders, Richard. Description: Altoona Action is a hardcover book featuring 30 years of railroading in and around the city of Altoona, Pennsylvania. Brilliant black & white and color photography, taken between the mids and the mids, presents the Pennsylvania Railroad, Penn Central and Conrail.

Conrail (reporting mark CR), formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between and The trade name Conrail is a portmanteau based on the company's legal name, and while it no longer operates trains, it continues to do business as an asset management and network services provider in three Shared Assets Areas.

The only railroad that has prevailed since it's inception in the 's is the Union Pacific - way to go UP. And can you believe the Conrail split-up is already 17 years behind us. I have a few corrections to make already, as I stopped by a CN PDF and noted the following: The IC merged inthe WC merged inGreat Lakes Transportation.

The approved merger plan restructured Conrail into a Switching and Terminal Railroad operating about 1, miles of track in three regional areas.

On June 1,Conrail began operating as a Switching and Terminal Railroad for its owners, NS and CSX, in the three geographical areas of Northern New Jersey, Southern New Jersey/Philadelphia, and.

– – American Railroad ridership reaches its highest level as U.S. trains ferry soldiers across the country to fight in the European and Pacific Theaters of war.

Ridership begins to decline after the war as the automobile takes the place of trains. – The great Pennsylvania Railroad, for the first time in its history, records a loss during its centennial year. The most comprehensive book on the railroads and their state of affairs from the early ’s to the creation of Conrail in Well written and attention grabbing for any person wanting to see how the railroads survived or didn’t in this period.

Buy it, read it & enjoy it/5. The result: Consolidated Rail Corp., which on April 1,took over the properties of PC and six smaller roads. On AugNorfolk Southern and CSX purchased 58% and 42% percent of Conrail stock, respectively, dividing the railroad between them.

Each owner began operating their portion on June 1,   My colleague Don Phillips, writing in the August issue of Trains magazine, is of the belief that railroad mergers have one or two more rounds to was taken by the statements from Warren Buffett and Charlie Munger, chairman and vice chairman of Berkshire Hathaway, owner of BNSF Railway, that end-to-end mergers still make sense and that the resulting companies would be manageable.

"The Railroad Mergers and the Coming of Conrail" by Richard Saunders really impressed me, though it focused more on the s mergers than the s.

(It is much better railroad and business history than the scandal-seeking "Wreck of the Penn Central".) He later updated the book into "Merging Lines: American Railroads ".

Conrail (Consolidated Rail Corporation) After the failure of Penn Central inthe government formed the United States Railway Association in to develop a plan to save railroading in the Northeast.

The result: Consolidated Rail Corp., which on April 1,took over the properties of PC and six smaller roads. Railroad Mergers and the Language of Unification.

gitu 0 Comments. Railroad Mergers and the Language of Unification Burns. For coverage of more recent periods, we can look to Professor Richard Saunders, who is preparing a second edition of his landmark work, Railroad Mergers and the Coming of Conrail.

It is due out later this year, with the exact publication date keyed to include coverage of the Surface Transportation Board's impending decision on the takeover of Conrail by Norfolk Southern and CSX.

The railroad mergers and the coming of Conrail / Richard Saunders Saunders, Richard [ Book: ] At 9 libraries. This resource is very relevant to your query (score: 5,) Conrail sale: DOT's selection of investment banks to underwrite the sale of Conrail: report to the chairman, Subcommittee on Oversight and Investigations, Committee.

This year saga of the "Weary Erie" goes far beyond describing in brilliant detail the turbulent last decades of a colorful, spunky, and innovative railroad.

As the author vividly shows, the Erie possessed an uncommonly interesting history. For a brief time, it was the longest rail artery in the United States, hailed as "the most stupendous engineering feat ever attempted in America." Reviews: 1.

With federal backing Conrail began to slowly pull out of the red ink (it took many years) and by the late s was a profitable railroad after thousands of miles of access trackage was abandoned and/or upgraded.

Aside from the creation of Conrail, railroading in the s saw Amtrak born as well. Conrail A lucrative target in otherwise mature US railroad market: No Talk Clause-Conrail not to engage in merger talks for a period of 6 months unless certain conditions are met: The clause will limit the chance of other hostile bids while the deal with CSX is on Share purchase- CSX can buy million new shares of Conrail at $.

In addition, since this entire provision is written specifically for Conrail and any merger or most mergers contemplate a single—eventually a single board of directors—there may be other problems in trying to integrate the Conrail board and structure with another company if this is still on the books.

The Acquisition of Consolidated Rail Corporation Words | 27 Pages. J BENJAMIN C. ESTY The Acquisition of Consolidated Rail Corporation (A) After eight days of intense negotiations in a New York City hotel room, executives from CSX Corporation (CSX) and Consolidated Rail Corporation (Conrail), the first- and third-largest railroads in the Eastern United States, announced an $8.

railroad east of the Mississippi River, posts earnings gains. resulting from the higher sales and lower operating costs. expected from the merger. In addition to the Conrail acquisition, CSX's performance also. will be affected by declining profits of its ocean shipping.

subsidiary, Sea-Land, according to Craig Kloner, an analyst at. Few scenes capture the American experience so eloquently as that of a lonely train chugging across the vastness of the Great Plains, or snaking through tortuous high mountain passes. Although this vision was eclipsed for a time by the rise of air travel and trucking, railroads have enjoyed a rebirth in recent years as profitable freight carriers.

CSX's railroad, the major part of its business over the years, is the end result of a long series of consolidations involving three historic railroad systems: the Seaboard Coast Line, the Chesapeake and Ohio Railway, and the Baltimore and Ohio Railroad, which together span nearly the entire history of railroading in the United States.

Conrail is a service provider for CSX Corporation and Norfolk Southern Corporation The areas we serve are shared assets of CSX and Norfolk Southern. Customers located along Conrail's lines have access to the national rail network through either railway.

It has been rumored that Conrail preferred to put its money into the former NYC and PRR main lines. For Conrail EL was excess. Even worse, EL could have been a strong competitor to Conrail if it fell into another railroad's hands.

Thus the effort by Conrail to remove EL from service and scrap as. And in other railroad mergers The widely publicized bidding war for Conrail has eclipsed the. upcoming sale of St. Augustine's Florida East Coast Railroad.

The railroad's parent, Florida East Coast Industries, and its. major shareholder, St. Joe Corp., put the Jacksonville-to-Miami. rail line on the auction block earlier this year. The two rival railroad companies will then divide Conrail, with CSX paying $ billion for 42 percent of the assets and Norfolk Southern paying $ billion for the remaining 58 percent."THE RAILROAD MERGERS AND THE COMING OF CONRAIL" by Richard Saunders () is an exhaustive study of the entire rail merger movement.

Another important source of material is John W. Barriger's book "SUPER-RAILROADS FOR A DYNAMIC AMERICAN ECONOMY". The idea of a CONRAIL is contained in Edward Hungerford's novel "A RAILROAD FOR TOMORROW".