Re: Telll me why?
Author: PRR2
Date: 11-05-2019 - 12:57
ron Wrote:
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> PRR2 Wrote:
> --------------------------------------------------
> -----
> > 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.
True. It was also a matter of choice.
Kenefick, Jenks, and a few others went the other direction and fought for their railroads.
In the end, all three were successful in their choices.