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Re: (erielack) Alco Farewell / Economy Changes
My Moody's Transportation Manual of 1960 Page 187, says " C&NW would acquire properties of M&ST L." for just under 21 million dollars. I believe M&STL Industries continued on after the railroad was sold to C&NW. The last sentence states " If the sale takes place company plans to change name and enter a new field in order to utilize the tax advantage. Lackawanna Lance
- -----Original Message-----
From: Bob Clegg <BobcatCS_@_comcast.net>
To: EL Mail List <erielack_@_lists.railfan.net>
Sent: Mon, Dec 13, 2010 1:58 pm
Subject: Re: (erielack) Alco Farewell / Economy Changes
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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