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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
Conrail and Its Predecessors is a photographic and textual history of Conrail. Learn how Conrail's predecessor railroads became mired in financial troubles and how Conrail was formed, subsidized by the government, and became profitable within five years. This book features: Brief histories of the Pennsylvania, New York Central, and other Conrail forerunners. The changing markets of the 1960s and 1970s. The formation of Conrail in 1976. Conrail's success in the 1980s. Conrail and predecessor routes and maps. And much more!
Formed in 1980 as a holding company for the Chessie and Seaboard Systems and several other eastern railroads, CSX in 1986 merged these several companies into CSX Transportation, staking its claim as one of the nation's dominant merger roads. This illustrated history provides a background of CSX's 25 years on the American railroad scene, describing how the company came to swallow several legendary regional lines and merger roads. The book also examines CSX hardware, facilities, and operations on more than 20,000 miles of trackage throughout the eastern half of the United States, from 1980 through today. Included is an explanation of the 1999 agreement by which CSX and Norfolk Southern purchased and effectively split the operations of their northern rival Conrail. Marvelous color photography, of course, depicts CSX diesel-electric powered freight operations in eastern and Midwestern U.S. urban centers and rural areas.
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.