Financial Condition of the Rock Island Railroad PDF Download
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Author: United States. Congress. Senate. Committee on Commerce. Subcommittee on Surface Transportation
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Book Description
Author: United States. Congress. Senate. Committee on Commerce. Subcommittee on Surface Transportation
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Book Description
Author: United States. Congress. Senate. Commerce Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 192
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Book Description
Author: Gregory L. Schneider
Publisher: University Press of Kansas
ISBN: 0700629629
Category : Transportation
Languages : en
Pages : 400
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Book Description
Celebrated in history and song, the Chicago, Rock Island and Pacific Railroad Company—the Rock Island Line—was a powerful Midwestern railroad that once traversed thirteen states with its fast freights and Rocket passenger trains but eventually succumbed to government regulation and a changing economy. Gregory Schneider chronicles the Rock Island’s painful decline and along the way reveals some of the key problems within the American railroad industry during the post–World War II era. Schneider takes readers back to a time when railroads still clung to a storied past to offer new insight into the devastating impact of economic policymaking during the 1960s and 1970s. Schneider recounts the largest railroad liquidation in American history—as well as one of the most successful reorganizations in American business—to depict the demise and ultimate collapse of Rock Island as part of a broader account of hard times in the railroad industry beginning in the 1970s. Schneider weaves a complex story of how business, politics, government bureaucracy, and individual greed helped to limit the economic possibilities of the railroad industry and catapult the Rock Island Railroad into oblivion. Weakened by a troubled economy, the Rock fell victim to inept management and labor union intransigence; but Schneider also reveals how government regulations and price controls prevented innovation, hindered capital acquisition, and favored other forms of transportation that lie beyond the scope of regulation. Railroads were even hurt by taxation of property and real estate while competitors were able to use government-subsidized highways and airports without having to pay taxes to fund them. Now that America has gone on to witness the collapse of such mammoth firms as Enron and Lehman Brothers, not to mention the bankruptcy and bailout of General Motors, the story of the Rock provides an instructive lesson in how a major American enterprise was allowed to fall victim to forces often beyond its control—while the bailout of the Penn Central, at the expense of smaller lines like Rock Island, helped initiate the era of “too big to fail.” For economic historians and railroad buffs alike, Rock Island Requiem is a well-researche
Author: United States. President
Publisher:
ISBN:
Category : Executive departments
Languages : en
Pages : 1074
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Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Publisher:
ISBN:
Category : Railroad law
Languages : en
Pages : 144
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Author: William Jett Lauck
Publisher:
ISBN:
Category : Railroads
Languages : en
Pages : 682
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Author: Michael E. Hibblen
Publisher: Arcadia Publishing
ISBN: 1467125385
Category : History
Languages : en
Pages : 1
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Book Description
For nearly 80 years, the Rock Island was a major railroad in Arkansas providing passenger and freight services. A decline in rail travel after World War II and an increase in trucks hauling freight over government-subsidized interstates were among factors that left the railroad struggling. Efforts to merge with other railroads were stalled for years by federal regulators. The Rock Island filed for bankruptcy in 1975 and attempted a reorganization, but creditors wanted the assets liquidated, with a judge shutting it down in 1980. Most of the tracks that traversed the state were taken up, but a few relics, like the Little Rock passenger station and the Arkansas River bridge, remain as monuments to this once great railroad.
Author: United States. Congress. Senate. Committee on Appropriations. Subcommittee on Transportation and Related Agencies
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 752
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Author: United States. Congress. Senate. Committee on Appropriations. Subcommittee on Transportation and Related Agencies
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1778
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Book Description
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 860
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Book Description
Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association.
