by superwarp1
Regards,
Gary
Gary
Railroad Forums
Moderator: MBTA F40PH-2C 1050
lvrr325 wrote:Conrail became a publicly traded corporation in 1986.Yup. A number of my co-workers made a nice packet with the sale of their shares of Conrail stock, issued them when the railroad was sold by the government.
johnpbarlow wrote:At the risk of veering OT, having an effective monopoly on mainline freight service in the northeast US (including the B&A route) certainly helped Conrail's profitability and success. I don't mean to minimize the quality of Conrail's operations from a railroader's perspective, but CR management clearly got to choose which traffic it cared about (and to what degree) and which routes and shippers (eg, ex-EL Southern Tier or any n/s traffic into NJ/New England) it could de-emphasize based on profitability. CR was also notorious for downsizing/removing infrastructure that could have been beneficial for handling today's traffic levels. It really is too bad that Chessie and EL unions couldn't come to terms at the time of CR formation in 1976. Breaking up CR in 1999 has been a good thing, although there were clearly transition problems.I don't know from what dimention you live, that you can claim that. Infrastructure deterioration, contemptable corporate citizenship, harassment of/reduction in employees and perpetually blocked road crossings, have been the symbols of this "transition."