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Re: (erielack) Alco Farewell / Economy Changes
As a former RF&P shareholder. It was somewhat like Conrail. That CSX took the RAIL assets it wanted. Most of the stock was owned by a Virginia retirement investment firm. So the transaction was done on their terms. The company continued just like Reading International and Katy Industries today. Stock ticker codes RDI and KATY today. I didnt' follow what happened to RF&P, M&STL or CNJ. Perhaps taken over or merged up with a non rail company. The EL is not. It was gone completely in 1992. I welcome more information, like what happened to the L&HR and CNJ corporation. I know what happened to the rail assets. Lackawanna Lance
- -----Original Message-----
From: Montgomery, Edward T <ETMontgomery_@_fcps.edu>
To: 'EL Mail List' <erielack_@_lists.railfan.net>
Sent: Mon, Dec 13, 2010 11:43 am
Subject: RE: (erielack) Alco Farewell / Economy Changes
Well,
A lot of EL ROW might still be around but if EL had upgraded, I'm sure either NS
r CSX would have their hands all over the property. EL shareholders would have
een offered a deal they could not refuse - sort of like what CSX did to acquire
ichmond, Fredricksburg 7 Potomac.
Ed Montgomery
- -----Original Message-----
rom: Tupaczewski, Paul R (Paul) [mailto:paul.tupaczewski_@_alcatel-lucent.com]
ent: Monday, December 13, 2010 11:36 AM
o: EL Mail List
ubject: RE: (erielack) Alco Farewell / Economy Changes
> I think you made some good points. The good news in
Youngstown is that the air is 25% cleaner. The bad news is
that there are no jobs and the jobs that are left pay just a
little more than minimum wage. I guess this is the "New
Economy" or the "New Normal".
Rick Fleischer
Cortland, OH.
nd since we're an economy driven now by foreign imports, today's railroads are
rimarily transporting... containers... of goods from China across the US. Local
usiness? What's that?
Going back to the EL, in theory the EL could have survived as a primarily
ntermodal long-hauler. It was already heading in that direction before CR. Not
o beat the proverbial dead horse, but had there been the proper "planetary
lignment of economic factors," there could still be a vibrant EL today.
learances for double-stacks? Not a problem, considering how the other "big
oads" today spend government dollars to improve their lines.
Ah well, such it is to dream....
- Paul
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