Word: perlman
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Envious Hill or Harrimcm. Saunders will be working in tandem with the Central's President Alfred E. Perlman, 65, one of the best operating men in the business; and the two men will be managing a railroad empire to excite the envy of a Hill or a Harriman. The Penn Central will operate on 40,000 miles of track in 14 states and two Ca nadian provinces. It will run 4,200 locomotives, 195,000 freight cars, and 4,937 passenger cars. It will also be the nation's largest private landlord, with real estate holdings that include...
...lines were in the process of beating each other into bankruptcy. As early as 1957, merger talks had started between Saunders' Pennsy predecessor, James M. Symes, and the Central's Robert Young. Then, after Young committed suicide in 1959, he was succeeded at the Central by Perlman, an M.I.T. graduate who was with the Denver & Rio Grande before Young brought him back East. As it happened, Perlman was most reluctant to couple with the Pennsy, and Saunders had a tough time persuading him that it would be a good deal for both companies...
Without Illusions. While Saunders was maneuvering so skillfully toward merger, an unexpected problem arose: the New York Central began making noises about backing out of the deal. Elated by rising profits in 1966, Perlman announced that the Central appeared to be "recession-proof" and might not have to merge in order to prosper. Saunders paid calls on Central directors, pointed out that their line, unlike the Pennsy, was not widely diversified; he warned that a dip in the general economy would cause the Central painful headaches. Last year's mini-recession proved Saunders right. Rail returns for the less...
...feet over the mountains of western Pennsylvania. Connecting links between Pennsy and New York Central tracks are being rushed at Toledo, Grand Rapids, Cincinnati, Terre Haute, Chicago, Buffalo and Detroit. Freight yards at Cleveland and Indianapolis will be modernized, and an entire new yard-to be named after Perlman-is being built at Albany. The basic idea is to take advantage of the savings that through-freight operations can provide. "The speed factor is vital," says Perlman. "If goods are in transit for four days, someone has to have them on the books for four days. Any reduction in time...
...York Central President Alfred E. Perlman was 55 when he and the late Robert R. Young began serious negotiations with Pennsylvania Railroad executives toward a merger of their lines. Next month Perlman will turn 65, nearing the expiration of his contract with the Central because of age-and still waiting for the Penn Central merger to occur. But at least he is getting closer. Last week, in the latest of a series of legal moves involving the Penn Central, a three-judge federal court in New York told Perlman and Pennsy Chairman Stuart Saunders that they could go ahead...