Word: atchison
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Dates: during 1960-1969
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...Blunt-spoken Donald J. Russell, 61, president of the Southern Pacific railroad, geared last week for battle. Testifying before an Interstate Commerce Commission hearing in San Francisco about the fight between the Southern Pacific and the Atchison, Topeka & Santa Fe for control of the small but strategic Western Pacific Railroad, Don Russell argued that S.P. control of the Western would eliminate "wasteful duplication of facilities." Russell, head of the railroad with the biggest profits in the U.S. (1960 earnings: $65,400,000), is an ardent champion of mergers of competing "side-by-side" railroads. But the rival Santa Fe, whose...
...Atchison, Topeka & Santa Fe, which countered Southern Pacific's challenge by quickly picking up a 20% holding in Western, wants to run Western as a separate, semi-autonomous railroad, continue to use it to compete with the Southern Pacific. Other railroads joined the fight. The Santa Fe's transcontinental archrival, the Union Pacific, whose lines tie in with the Southern Pacific's, said that it had bought up 10% of Western's stock and that it supported the S.P. The Chicago, Rock Island & Pacific, which competes with the Santa Fe in the Midwest, also came...
TRAIN TRIPS ON CUFF will be started for first time in U.S. railroad industry by Atchison, Topeka & Santa Fe on June 1. Passengers must pay 10% on minimum fare of $60, can pay off complete trips over periods up to two years...