Word: railroads
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Dates: during 1960-1969
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Working Over the Railroad...
...Your splendid summary of the 21st century railroad [Jan. 26] glossed over the incompetence and inadequate management of railroad passenger service. If Messrs. Saunders and Perlman would show the same attention to improving the lot of passengers as they obviously have shown to freight, America would enjoy a third service (to air and highway...
...Williamsport, Pa., one day last week, two diesel locomotives hummed slowly toward each other. When they were close enough, smiling crewmen leaned across the gap and shook hands. Trainmen from the Pennsylvania Railroad and the New York Central were plainly delighted that after a decade of proposition and opposition their lines had finally been formally merged with the permission of a federal court in New York. As far as the railroads were concerned, it was about time...
...cover, Jan. 26), recently reported that the Pennsy's operating earnings for 1967 were off 68.7%, falling from $45,055,320 in 1966 to $14,091,593. Consolidated earnings, which covered non-rail activities, brought the total to $60,344,240, a drop of 33.2%. In the ailing railroad industry, that was not bad at all-and it seemed almost good compared with the Central's performance...
...serve as chairman of the committee of the board to negotiate the terms of the merger. These negotiations came about as a result of a telephone call in the fall of 1961 from Mr. Perlman to Mr. James M. Symes, then chairman of the board of the Pennsylvania Railroad, suggesting that the then suspended merger study between the two railroads be resumed. To this suggestion Mr. Symes agreed, and board committees were formed to negotiate the terms. The activities of Mr. Perlman throughout the lengthy hearings to which your article refers belie the "reluctance" you attribute...