Noel Weaver wrote:gawlikfj wrote:The Penn Central was doomed from the start. It inherited bad track that needed alot of work, Bad freight cars and bad engines. If the money was there like it is now ,maybe it would have worked.
ADD one more thing to this, it also inherited bad management from the Pennsylvania Railroad, people who believed that it
was better to sink dollars into crap than to spend on the railroad in order to make money in their railroad operations. This
was a merger that could have worked and should have worked IF available funds were spent on the physical plant. In 1968,
the year of this merger, the New York Central had a modern physical plant, one of the most modern in the industry but the
Pennsylvania still functioned on a 1920's technology and PRR management did not believe in good maintenance practices.
Both railroads had a pretty decent fleet of locomotives but again they did not maintain them as well as they should have.
Noel Weaver
While I'd agree that the PRR had awful management (Stuart Saunders gets my vote for the Man Who Should Never Have Been In Charge of ANY Railroad), the fact is that given the operating and regulatory environment of the time, no amount of "spending on physical plant" was going to make the P-C merger "work." There was no way for railroads in the northeast to be profitable enterprises given the ICC regulations, the ridiculous feather bedding of organized labor, the loss of high-value (and profitable) traffic to government subsidized highways, waterways and aviation, and the untenable levels of property taxes. Even with its modernized physical plant and excellent management team, the NYC was in financial trouble well before the P-C merger, and wasn't going to be a viable business (any more than
any railroad in the northeast) until, and unless, the ultimate result of their collapse occurred (i.e, Staggers deregulation, movement of unprofitable passenger and commuter trains to government/state operation, reduction of crew sizes and modification of antiquated work rules, and the abandonment of light density lines that couldn't earn a nickel).
The support for this assertion is the early profitability (more to the point the lack thereof) of Conrail. Despite BILLIONS of taxpayer dollars "spent on physical plant," the existing regulatory, labor, subsidized competition and tax issues made Conrail little more than a big blue Penn Central with its hand in the taxpayer's pocket. Conrail continued to lose money and go to Washington with hat in hand for more, and the losses did not end until after Staggers was passed, the commuter operations were shed, the railroad was allowed to get rid of unprofitable branches, and "labor protection" payments ended/work rules were improved. Absent these essential changes, railroading in the northeast was not going to be a profitable enterprise, irrespective of how high the quality of track, motive power, terminals or signal systems. The government simply would not release the railroads from these "shackles" until it was abundantly clear that the "cash cow" that the government assumed the railroads were and always would be was about to drop dead. Sadly more railroad infrastructure was lost in this process than should have been, but that's a whole other discussion.
GE, not EMD, makes the best locomotives now; has for over 30 years. Get over it.