Re: (erielack) Alco Farewell / Economy Changes

["Bob Clegg" <BobcatCS_@_comcast.net>]

The CNW acquired several smaller railroads in the sixties and 70s.  All were 
run, as I recall, as independent subsidiaries until 1978 when all were 
merged into the CNW.  This included the M&StL, the CGW, and the north end of 
the Alton & Southern with the southern part becoming part of the ICG.  The 
CNW and it's subsidiaries interchanged with the Erie / EL via IHB and/or BRC 
on the west end (content requirement!?!?!)

Bob




- ----- Original Message ----- 
From: "Mark Schwinn" <marky_mark48_@_hotmail.com>
To: "Erie Lackawanna" <erielack_@_lists.railfan.net>
Sent: Monday, December 13, 2010 2:40 PM
Subject: 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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>>
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>
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