The Wreck of the Penn Central

The Wreck of the Penn Central PDF

Author: Joseph R. Daughen

Publisher: Beard Books

Published: 1999

Total Pages: 384

ISBN-13: 9781893122086

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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.

Deals from Hell

Deals from Hell PDF

Author: Robert F. Bruner

Publisher: John Wiley & Sons

Published: 2015-09-28

Total Pages: 439

ISBN-13: 0470452595

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A detailed look at the worst M&A deals ever and the lessons learned from them It's common knowledge that about half of all merger and acquisition (M&A) transactions destroy value for the buyer's shareholders, and about three-quarters fall short of the expectations prevailing at the time the deal is announced. In Deals from Hell, Robert Bruner, one of the foremost thinkers and educators in this field, uncovers the real reasons for these mishaps by taking a closer look at twelve specific instances of M&A failure. Through these real-world examples, he shows readers what went wrong and why, and converts these examples into cautionary tales for executives who need to know how they can successfully navigate their own M&A deals. These page-turning business narratives in M&A failure provide much-needed guidance in this area of business. By addressing the key factors to M&A success and failure, this comprehensive guide illustrates the best ways to analyze, design, and implement M&A deals. Filled with in-depth insights, expert advice, and valuable lessons gleaned from other M&A transactions, Deals from Hell helps readers avoid the common pitfalls associated with this field and presents them with a clear framework for thinking about how to make any M&A transaction a success.

A Sampling of Penn Central

A Sampling of Penn Central PDF

Author: Jerry Taylor

Publisher: Indiana University Press

Published: 2000

Total Pages: 453

ISBN-13: 025333702X

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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.

Branch Line Empires

Branch Line Empires PDF

Author: Michael Bezilla

Publisher: Indiana University Press

Published: 2017-11-06

Total Pages: 390

ISBN-13: 0253029910

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The saga of a fierce business rivalry: “Absorbing, well-written . . . will appeal to American history scholars and railroad enthusiasts.” —Choice The Pennsylvania and the New York Central railroads helped to develop central Pennsylvania as the largest source of bituminous coal for the nation. By the late nineteenth century, the two lines were among America’s largest businesses and would soon become legendary archrivals. The PRR first arrived in the 1860s. Within a few years, it was sourcing as much as four million tons of coal annually from Centre County and the Moshannon Valley and would continue do so for a quarter-century. The New York Central, through its Beech Creek Railroad affiliate, invaded the region in the 1880s, first seeking a dependable, long-term source of coal to fuel its locomotives but soon aggressively attempting to break its rival’s lock on transporting the area’s immense wealth of mineral and forest products. Beginning around 1900, the two companies transitioned from an era of growth and competition to a time when each tacitly recognized the other’s domain and sought to achieve maximum operating efficiencies by adopting new technology such as air brakes, automatic couplers, all-steel cars, and diesel locomotives. Over the next few decades, each line began to face common problems in the form of competition from other forms of transportation and government regulation—and in 1968, the two businesses merged. Branch Line Empires offers a thorough and captivating analysis of how a changing world turned competition into cooperation between two railroad industry titans. Includes photographs

Rails to Penn State

Rails to Penn State PDF

Author: Michael Bezilla

Publisher: Stackpole Books

Published: 2007-02-19

Total Pages: 320

ISBN-13: 0811752461

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More than five hundred short line railroads existed in the United States at the industry's height, and Pennsylvania had more than any other state. The history of the Bellefonte Central, which operated in central Pennsylvania from the 1880s until 1982, is a classic story of the rise and decline of short line railroads nationwide. Connecting with the Pennsylvania Railroad--a company that proved to be both friend and foe--the Bellefonte Central played an important role in developing the region's renowned limestone and hot-blast ironmaking industries and was Penn State University's economic lifeline for generations.

The Pennsylvania Railroad in Indiana

The Pennsylvania Railroad in Indiana PDF

Author: William J. Watt

Publisher: Indiana University Press

Published: 1999

Total Pages: 224

ISBN-13: 9780253337085

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Photographs, advertising and promotional materials, and detailed maps resurrect its speedy passenger trains and heavy-tonnage freights, and show how it earned its slogan: "The Standard Railroad of the World.""--BOOK JACKET.

Northwestern Pennsylvania Railroads

Northwestern Pennsylvania Railroads PDF

Author: Kenneth C. Springirth

Publisher: Arcadia Publishing

Published: 2010

Total Pages: 132

ISBN-13: 9780738573472

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Erie's rail link to Philadelphia was achieved in 1864 with the completion of the Philadelphia and Erie Railroad, which later became part of the Pennsylvania Railroad. By 1869, railroad lines from Buffalo through Erie to Chicago were consolidated into the Lake Shore and Michigan Southern Railway, which later became part of the New York Central Railroad. Completed in 500 days, the parallel New York, Chicago and St. Louis Railroad, commonly known as the "Nickel Plate Road," was a 513-mile, well-designed railroad that emphasized excellent service. South of the lakeshore, the wide-gauge Erie Railroad enhanced east to west connections. Through vintage photographs, Northwestern Pennsylvania Railroads brings to life the history of the railroads that have served the region.