(erielack) Float Bridges

["Paul Brezicki" <doctorpb_@_bellsouth.net>]

It's true that the float business overall was in steep decline, but I
suspect the timing was related to the imminent absorption of the New Haven
by the Penn Central on January 1, 1969. CNJ interchange with the NH was via
the Bay Ridge float terminal, which was immediately closed by PC, and that
was probably the bulk of CNJ's remaining float traffic.

Paul B

From: Gordon Davids <g.davids_@_verizon.net>
Subject: (erielack) Float Bridges

Bob Bahrs just now sent me a copy of his message to the group, so I can
answer it in the same cycle.  Good idea, Bob, before my short-term
memory goes away. :-)

The New York car float business was heading down the tubes by 1968.  I
don't know what prompted the CNJ to sell two of their pontoon bridges to
the EL, but I can imagine that they were much more desperate for cash
than for the two bridges, seeing that CNJ still had two left and they
were bankrupt.



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