Railroad Bankruptcies and Mergers from Chicago West: by Michael Conant PDF

By Michael Conant

significant U.S. Midwestern railroads, the Rock Island traces and the Milwauke street, filed for financial disaster after 1975 and the court docket ordered them dismembered. This research explains the industrial elements inflicting monetary failure comparable to overall rail line extra skill within the area resulting in low density of freight site visitors; moreover, exertions union ideas required pointless huge educate crews. The laws of the Interstate trade fee annoyed the industrial difficulties by means of restricting rail line abandonments and mergers designed to enhance potency. Congress handed the Staggers Act in 1980 to right a wide a part of the regulatory barriers to effective reorganization of the U.S. rail method, however it was once too past due to save lots of the Rock Island and the Milwaukee Road.

The later chapters are financial analyses of the more moderen mergers of the big railroads from the Mississippi River to the Pacific Coast. A key saving resulted from the courtroom ruling that segments of rail line will be offered to new short-line railroads with out the marketing service having to pay certain reimbursement to rail employees who have been discharged. The Illinois principal Railroad used to be a primary instance of a provider that offered just about all of its department traces. nice efficiencies in operations have been discovered because the Union Pacific got the Missouri Pacific and the Southern Pacific. related efficiencies have been learned by means of the Burlington Northern acquisitions of the St. Louis-San Francisco and the Atchison, Topeka & Santa Fe.

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Railroad Bankruptcies and Mergers from Chicago West: 1975-2001: Financial Analysis and Regulatory Critique (Research in Transportation Economics) by Michael Conant


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