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RE: (erielack) Alco Farewell / Economy Changes
According to Wikipedia:
"CNJ emerged from bankruptcy in 1979 as Central Jersey Industries (later
CJI Industries), a corporate shell. It eventually merged with the
packaging company Triangle Industries, owned by Nelson Peltz, in 1986."
http://en.wikipedia.org/wiki/Central_Railroad_of_New_Jersey
M&StL was acquired by C&NW in 1960. Assuming it was completely merged into Northwestern and not just an acquisition of rail assets like the Conrail creation.
Nothing so far on what happened to L&HR, other then merged into Conrail.
> To: erielack_@_lists.railfan.net
> Subject: Re: (erielack) Alco Farewell / Economy Changes
> Date: Mon, 13 Dec 2010 13:34:59 -0500
> From: intercityrailpal_@_netscape.net
>
>
>
> 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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