Word: fe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...needs ICC permission for just about every kind of venture it undertakes. A holding company that happens to have a railroad as a subsidiary is freer from ICC control. Thus, when the name change takes place, accompanied by an exchange of A.T. & S.F. stock for equal shares in Santa Fe Industries, the railroad will be merely a portion of the bigger company. Chairman and Chief Executive Ernest S. Marsh, 65, and President John S. Reed, 51, will hold similar titles in the new organization, and all other jobs and activities will remain pretty much the same...
Railroading will continue to represent the biggest portion of revenues that last year amounted to nearly $700 million. In line with industry trends, the Santa Fe is gradually closing out what was once one of the best passenger services in the country. Since last October, the Santa Fe has discontinued 15 trains, some runs dating back to the days when bison and Indians roamed the tracks and Harvey girls ran the depot restaurants...
...same time, freight service, which now accounts for 86% of the Santa Fe's rail revenues, is being improved. The Santa Fe last January inaugurated what it calls "Super C" Flexivan service. The "Super C" freights make the 2,200-mile run from Chicago to the West Coast in 40 hours, faster than the Super Chief...
...newest freight venture, the Santa Fe is proposing that cargo moving between Europe and Asia be unloaded from ships and carried across a U.S. "land bridge" consisting of Santa Fe and Penn Central tracks. Moving between New York City and the West Coast in five days, the trains would chop five to eleven days off the same trip made by ship via the Panama Canal, with obvious savings...
Hair Curlers? When Santa Fe Industries gets rolling, railroading will become an increasingly smaller part of the whole operation. Santa Fe, through subsidiaries, is already active in real estate, oil production, pipelines, plywood manufacture and even air freight. And as Reed is fond of pointing out, the line's most profitable venture on the basis of return on investment is the Golden Gate Fields race track outside San Francisco, where Santa Fe as the property owner receives both rents and a share of the parimutuels. With such operations as a base, Santa Fe Industries will be willing...