The Wreck of the Penn Central

The Wreck of the Penn Central PDF Author: Joseph R. Daughen
Publisher: Beard Books
ISBN: 9781893122086
Category : Business & Economics
Languages : en
Pages : 384

Book Description
It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.

A Sampling of Penn Central

A Sampling of Penn Central PDF Author: Jerry Taylor
Publisher: Indiana University Press
ISBN: 025333702X
Category : Railroads
Languages : en
Pages : 453

Book Description
The Penn Central existed only from the New York Central-Pennsylvania merger in 1968, until the formation of Conrail in 1976. This book fills an information void with its 208 wonderful photographs taken between 1970 and 1972. The photos, with their detailed captions, portray the 5,000-plus miles of PC's Southern Region.

The Men Who Loved Trains

The Men Who Loved Trains PDF Author: Rush Loving
Publisher: Indiana University Press
ISBN: 0253000645
Category : Business & Economics
Languages : en
Pages : 383

Book Description
An award-winning account of a crisis in railroad history: “This absorbing book takes you on an entertaining ride.” —Chicago Tribune A saga about one of the oldest and most romantic enterprises in the land—America’s railroads—The Men Who Loved Trains introduces the chieftains who have run the railroads, both those who set about grabbing power and big salaries for themselves, and others who truly loved the industry. As a journalist and associate editor of Fortune magazine who covered the demise of Penn Central and the creation of Conrail, Rush Loving often had a front-row seat to the foibles and follies of this group of men. He uncovers intrigue, greed, lust for power, boardroom battles, and takeover wars and turns them into a page-turning story. He recounts how the chairman of CSX Corporation, who later became George W. Bush’s Treasury secretary, managed to make millions for himself while his company drifted in chaos. Yet there were also those who loved trains and railroading—and who played key roles in reshaping transportation in the northeastern United States. This book will delight not only the rail fan, but anyone interested in American business and history. Includes photographs

Wood Hicks and Bark Peelers

Wood Hicks and Bark Peelers PDF Author: Ronald E. Ostman
Publisher: Penn State Press
ISBN: 027108460X
Category : History
Languages : en
Pages : 253

Book Description
In Wood Hicks and Bark Peelers, Ronald E. Ostman and Harry Littell draw on the stunning documentary photography of William T. Clarke to tell the story of Pennsylvania’s lumber heyday, a time when loggers serving the needs of a rapidly growing and globalizing country forever altered the dense forests of the state’s northern tier. Discovered in a shed in upstate New York and a barn in Pennsylvania after decades of obscurity, Clarke’s photographs offer an unprecedented view of the logging, lumbering, and wood industries during the late nineteenth and early twentieth centuries. They show the great forests in the process of coming down and the trains that hauled away the felled trees and trimmed logs. And they show the workers—cruisers, jobbers, skidders, teamsters, carpenters, swampers, wood hicks, and bark peelers—their camps and workplaces, their families, their communities. The work was demanding and dangerous; the work sites and housing were unsanitary and unsavory. The changes the newly industrialized logging business wrought were immensely important to the nation’s growth at the same time that they were fantastically—and tragically—transformative of the landscape. An extraordinary look at a little-known photographer’s work and the people and industry he documented, this book reveals, in sharp detail, the history of the third phase of lumber in America.

Rock Island Requiem

Rock Island Requiem PDF Author: Gregory L. Schneider
Publisher: University Press of Kansas
ISBN: 0700629629
Category : Transportation
Languages : en
Pages : 400

Book Description
Celebrated in history and song, the Chicago, Rock Island and Pacific Railroad Company—the Rock Island Line—was a powerful Midwestern railroad that once traversed thirteen states with its fast freights and Rocket passenger trains but eventually succumbed to government regulation and a changing economy. Gregory Schneider chronicles the Rock Island’s painful decline and along the way reveals some of the key problems within the American railroad industry during the post–World War II era. Schneider takes readers back to a time when railroads still clung to a storied past to offer new insight into the devastating impact of economic policymaking during the 1960s and 1970s. Schneider recounts the largest railroad liquidation in American history—as well as one of the most successful reorganizations in American business—to depict the demise and ultimate collapse of Rock Island as part of a broader account of hard times in the railroad industry beginning in the 1970s. Schneider weaves a complex story of how business, politics, government bureaucracy, and individual greed helped to limit the economic possibilities of the railroad industry and catapult the Rock Island Railroad into oblivion. Weakened by a troubled economy, the Rock fell victim to inept management and labor union intransigence; but Schneider also reveals how government regulations and price controls prevented innovation, hindered capital acquisition, and favored other forms of transportation that lie beyond the scope of regulation. Railroads were even hurt by taxation of property and real estate while competitors were able to use government-subsidized highways and airports without having to pay taxes to fund them. Now that America has gone on to witness the collapse of such mammoth firms as Enron and Lehman Brothers, not to mention the bankruptcy and bailout of General Motors, the story of the Rock provides an instructive lesson in how a major American enterprise was allowed to fall victim to forces often beyond its control—while the bailout of the Penn Central, at the expense of smaller lines like Rock Island, helped initiate the era of “too big to fail.” For economic historians and railroad buffs alike, Rock Island Requiem is a well-researche

The Economics of Railroad Safety

The Economics of Railroad Safety PDF Author: Ian Savage
Publisher: Springer Science & Business Media
ISBN: 146155571X
Category : Business & Economics
Languages : en
Pages : 236

Book Description
The American public has a fascination with railroad wrecks that goes back a long way. One hundred years ago, staged railroad accidents were popular events. At the Iowa State fair in 1896, 89,000 people paid $20 each, at current prices, to see two trains, throttles wide open, collide with each other. "Head-on Joe" Connolly made a business out of "cornfield meets" holding seventy-three events in thirty-six years. Picture books of train wrecks do good business presumably because a train wreck can guarantee a spectacular destruction of property without the messy loss of life associated with aircraft accidents. A "train wreck" has also entered the popular vocabulary in a most unusual way. When political manoeuvering leads to failure to pass the federal budget, and a shutdown is likely of government services, this is widely called a "train wreck. " In business and team sports, bumbling and lack of coordination leading to a spectacular and public failure to perform is also called "causing a train wreck. " A person or organization who is disorganized may be labelled a "train wreck. " It is therefore not surprising that the public perception of the safety of railroads centers on images of twisted metal and burning tank cars, and a general feeling that these events occur quite often. After a series of railroad accidents, such as occurred in the winter of 1996 or the summer of 1997, there are inevitable calls that government "should do something.

Steelton

Steelton PDF Author: Michael Barton
Publisher: Arcadia Publishing
ISBN: 9780738557427
Category : History
Languages : en
Pages : 132

Book Description
For much of the 20th century, the name Steelton represented a great industrial complex that stretched nearly four miles along the Susquehanna River near the state's capital of Harrisburg. Immigrants from all over Europe, particularly Slavs and Italians, worked with African Americans from the South at the Bethlehem Steel Company and gave Steelton its reputation for ethnic diversity, second only to its fame for industrial productivity. Catholics, Protestants, and Jews filled the town's various houses of worship, but the taverns on Front Street, across from the mill, were crowded too. The town's powerful athletes were often state champions, beating schools many times larger. The townsmen were all proud as well of their loyal service in U.S. forces in the two world wars. The vintage images in Steelton chronicle the history of this exceptional and diverse community.

Erie Lackawanna

Erie Lackawanna PDF Author: H. Roger Grant
Publisher: Stanford University Press
ISBN: 9780804727983
Category : Transportation
Languages : en
Pages : 316

Book Description
This 50-year saga of the "Weary Erie" describes in vivid detail the turbulent last decades of a colorful, spunky, and innovative railroad. It also tells us much about what happened to American railroading, during this period: technological change, governmental over-regulation, corporate mergers, union "featherbedding," uneven executive leadership, and changing patterns of travel and business. The book is illustrated with 45 photographs and drawings and 4 maps.
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