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.

No Way to Run a Railroad

No Way to Run a Railroad PDF Author: Stephen Salsbury
Publisher: McGraw-Hill Companies
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

Book Description

The Penn Central and Other Railroads

The Penn Central and Other Railroads PDF Author: United States. Congress. Senate. Committee on Commerce. Special Staff for the Penn Central Enquiry
Publisher:
ISBN:
Category : Railroads and state
Languages : en
Pages : 786

Book Description

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

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 Pennsylvania Railroad, Volume 1

The Pennsylvania Railroad, Volume 1 PDF Author: Albert J. Churella
Publisher: University of Pennsylvania Press
ISBN: 0812207629
Category : History
Languages : en
Pages : 970

Book Description
"Do not think of the Pennsylvania Railroad as a business enterprise," Forbes magazine informed its readers in May 1936. "Think of it as a nation." At the end of the nineteenth century, the Pennsylvania Railroad was the largest privately owned business corporation in the world. In 1914, the PRR employed more than two hundred thousand people—more than double the number of soldiers in the United States Army. As the self-proclaimed "Standard Railroad of the World," this colossal corporate body underwrote American industrial expansion and shaped the economic, political, and social environment of the United States. In turn, the PRR was fundamentally shaped by the American landscape, adapting to geography as well as shifts in competitive economics and public policy. Albert J. Churella's masterful account, certain to become the authoritative history of the Pennsylvania Railroad, illuminates broad themes in American history, from the development of managerial practices and labor relations to the relationship between business and government to advances in technology and transportation. Churella situates exhaustive archival research on the Pennsylvania Railroad within the social, economic, and technological changes of nineteenth- and twentieth-century America, chronicling the epic history of the PRR intertwined with that of a developing nation. This first volume opens with the development of the Main Line of Public Works, devised by Pennsylvanians in the 1820s to compete with the Erie Canal. Though a public rather than a private enterprise, the Main Line foreshadowed the establishment of the Pennsylvania Railroad in 1846. Over the next decades, as the nation weathered the Civil War, industrial expansion, and labor unrest, the PRR expanded despite competition with rival railroads and disputes with such figures as Andrew Carnegie and John D. Rockefeller. The dawn of the twentieth century brought a measure of stability to the railroad industry, enabling the creation of such architectural monuments as Pennsylvania Station in New York City. The volume closes at the threshold of American involvement in World War I, as the strategies that PRR executives had perfected in previous decades proved less effective at guiding the company through increasingly tumultuous economic and political waters.

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.
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