Re: Telll me why?
Author: ron
Date: 11-05-2019 - 08:31
PRR2 Wrote:
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> A decline initiated by Biaggini in the early 70's
> when it was decided a better return was available
> by diversifying in telecom, real estate, and
> pipelines.
> Not unreasonable considering he was witnessing the
> collapse of the eastern roads followed by some in
> the Midwest.
> By the time deregulation finally came along, it
> was already too late. The failed merger with ATSF
> was the final straw.
A great assessment of the decline of SP. Biaggini didn't believe railroading had much of a future. When SP developed an industrial - warehousing complex in Sparks Nev. and did not include spurs and rail access you knew they had giving up.