The Penn Central and Other Railroads

The Penn Central and Other Railroads
Author: United States. Congress. Senate. Committee on Commerce. Special Staff for the Penn Central Enquiry
Publisher:
Total Pages: 786
Release: 1973
Genre: Railroads and state
ISBN:

The Wreck of the Penn Central

The Wreck of the Penn Central
Author: Joseph R. Daughen
Publisher: Beard Books
Total Pages: 384
Release: 1999
Genre: Business & Economics
ISBN: 9781893122086

It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.

A Sampling of Penn Central

A Sampling of Penn Central
Author: Jerry Taylor
Publisher: Indiana University Press
Total Pages: 453
Release: 2000
Genre: Railroads
ISBN: 025333702X

The Penn Central existed only from the New York Central-Pennsylvania merger in 1968, until the formation of Conrail in 1976. This book fills an information void with its 208 wonderful photographs taken between 1970 and 1972. The photos, with their detailed captions, portray the 5,000-plus miles of PC's Southern Region.

Branch Line Empires

Branch Line Empires
Author: Michael Bezilla
Publisher: Indiana University Press
Total Pages: 390
Release: 2017-11-06
Genre: Transportation
ISBN: 0253029910

The saga of a fierce business rivalry: “Absorbing, well-written . . . will appeal to American history scholars and railroad enthusiasts.” —Choice The Pennsylvania and the New York Central railroads helped to develop central Pennsylvania as the largest source of bituminous coal for the nation. By the late nineteenth century, the two lines were among America’s largest businesses and would soon become legendary archrivals. The PRR first arrived in the 1860s. Within a few years, it was sourcing as much as four million tons of coal annually from Centre County and the Moshannon Valley and would continue do so for a quarter-century. The New York Central, through its Beech Creek Railroad affiliate, invaded the region in the 1880s, first seeking a dependable, long-term source of coal to fuel its locomotives but soon aggressively attempting to break its rival’s lock on transporting the area’s immense wealth of mineral and forest products. Beginning around 1900, the two companies transitioned from an era of growth and competition to a time when each tacitly recognized the other’s domain and sought to achieve maximum operating efficiencies by adopting new technology such as air brakes, automatic couplers, all-steel cars, and diesel locomotives. Over the next few decades, each line began to face common problems in the form of competition from other forms of transportation and government regulation—and in 1968, the two businesses merged. Branch Line Empires offers a thorough and captivating analysis of how a changing world turned competition into cooperation between two railroad industry titans. Includes photographs

Predecessors of Conrail

Predecessors of Conrail
Author: Source Wikipedia
Publisher: University-Press.org
Total Pages: 58
Release: 2013-09
Genre:
ISBN: 9781230593999

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 56. Chapters: Penn Central Transportation Company, Pennsylvania Railroad, New York Central Railroad, Lehigh Valley Railroad, Reading Company, New York, New Haven and Hartford Railroad, Raritan River Railroad, Pennsylvania-Reading Seashore Lines, Erie Railroad, Delaware, Lackawanna and Western Railroad, Erie Lackawanna Railway, Ironton Railroad, Central Railroad of New Jersey, Monongahela Railway, Lehigh and Hudson River Railway, New York Connecting Railroad, Ann Arbor Railroad, New York and Long Branch Railroad. Excerpt: The Pennsylvania Railroad (reporting mark PRR) was an American Class I railroad, founded in 1846. Commonly referred to as the "Pennsy," the PRR was headquartered in Philadelphia, Pennsylvania. The PRR was the largest railroad by traffic and revenue in the U.S. for the first half of the twentieth century and was at one time the largest publicly traded corporation in the world. At its peak it controlled about 10,000 miles (16,000 km) of rail line; in the 1920s it carried about three times the traffic (measured by ton-miles of freight) as other railroads of comparable length, such as Union Pacific or Santa Fe. The only rival was New York Central, which carried around three-quarters of PRR's ton-miles. During its history the PRR merged with or had an interest in at least 800 other rail lines and companies. The corporation still holds the record for the longest continuous dividend history: it paid out annual dividends to shareholders for more than 100 years in a row. At one point the budget for the PRR was larger than that of the U.S. government; at its peak it employed about 250,000 workers. In 1968 the Pennsylvania Railroad merged with its rival, the New York Central Railroad, to form the Penn Central Transportation Company. The Interstate Commerce Commission required that the ailing New York, New Haven and...

Deals from Hell

Deals from Hell
Author: Robert F. Bruner
Publisher: John Wiley & Sons
Total Pages: 439
Release: 2015-09-28
Genre: Business & Economics
ISBN: 0470452595

A detailed look at the worst M&A deals ever and the lessons learned from them It's common knowledge that about half of all merger and acquisition (M&A) transactions destroy value for the buyer's shareholders, and about three-quarters fall short of the expectations prevailing at the time the deal is announced. In Deals from Hell, Robert Bruner, one of the foremost thinkers and educators in this field, uncovers the real reasons for these mishaps by taking a closer look at twelve specific instances of M&A failure. Through these real-world examples, he shows readers what went wrong and why, and converts these examples into cautionary tales for executives who need to know how they can successfully navigate their own M&A deals. These page-turning business narratives in M&A failure provide much-needed guidance in this area of business. By addressing the key factors to M&A success and failure, this comprehensive guide illustrates the best ways to analyze, design, and implement M&A deals. Filled with in-depth insights, expert advice, and valuable lessons gleaned from other M&A transactions, Deals from Hell helps readers avoid the common pitfalls associated with this field and presents them with a clear framework for thinking about how to make any M&A transaction a success.