TerryC wrote:If Conrail and Southern Pacific had been allowed to merge, how would that have affected history?
If Conrail had been allowed to acquire the SP-East, everything would have turned out differently.
Basically, Conrail traffic revenues would have about doubled. This would have made the revenue as a percentage of book assets look much better. Conrail would have proceeded to shed some clusters in the east, while showing a much better "earning the cost of capital" to Wall St investors.
If this acquisition had gone forward as anticipated, Conrail would never have approached CSX about the "merger of equals" (read sell-off plan), and NS could never have imposed themselves on the deal.
Conrail would still be Conrail -- albeit a much larger entity.
And, the great UP meltdown with Houston as its epicenter would not have occurred.
But alas, the point is moot...