Re: 17 Anniversary of the UP/SP Merger is today, 9/11!
Author: P. Kepler
Date: 09-13-2013 - 10:02
fkrock Wrote:
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> SP was badly overbuilt. Much was the result of
> trying to prevent competition. Apparently the
> thinking was that if we build a track between
> point A and point B, no competitor will. Many
> branches never created enough business to justify
> their cost. Also who needs three main lines up the
> Central Valley of California? But this didn't
> prevent a predecessor of Santa Fe from building
> one.
>
> The planned SP-Santa Fe merger robbed SP of its
> crown jewels, almost all its real estate. After
> the merger was prevented by the ICC, SP was
> condemned to eventual failure.
Thank you Fred, I completely forgot the "MERGER". A cascading series of poor decisions finally caught up with SP . There is something to be said for increasing the bottom line . Doing so in a conservative manner was something SP ignored.