Railroad Bankruptcies
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Railroad Bankruptcies
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Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
language : en
Publisher:
Release Date : 1978
Railroad Bankruptcies written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Bankruptcy categories.
Derailed By Bankruptcy
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Author : Howard H. Lewis
language : en
Publisher: Indiana University Press
Release Date : 2016-01-04
Derailed By Bankruptcy written by Howard H. Lewis and has been published by Indiana University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-04 with Transportation categories.
The behind-the-scenes story of the five-year legal battle over a railroad bankruptcy and the formation of Conrail, as told by a lawyer on the case. What happened when the US government stopped investing in railroads and started investing in highways and air travel? By the late 1970s, six major eastern railroads had declared bankruptcy. Although he didn’t like trains, Howard H. Lewis became the primary lawyer for the Reading Railroad during its legendary bankruptcy case. Here, Lewis provides a frank account of the high-intensity litigation and courtroom battles over the US government’s proposal to form Conrail out of the six bankrupt railroads, which meant taking the Reading’s property, leaving the railroad to prove its worth. After five grueling years, the case was ultimately settled for $186 million—three times the original offer from the US government—and Lewis became known as a champion defender of both the railroad industry and its assets. “Should be required reading in every law school, especially for students who aspire to become corporate attorneys . . . valuable insights into the creation of Conrail.” —Rush Loving, Jr., author of The Men Who Loved Trains “For the railfan, you’ll receive an insider view of this historically important period and a better understanding of how and why Conrail came into being and what it meant for rail transportation.” —Model Railroad News
Railroad Bankruptcies And Mergers From Chicago West 1975 2001
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Author : Michael Conant
language : en
Publisher: JAI Press
Release Date : 2004-02-12
Railroad Bankruptcies And Mergers From Chicago West 1975 2001 written by Michael Conant and has been published by JAI Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-02-12 with Transportation categories.
Two major U.S. Midwestern railroads, the Rock Island Lines and the Milwauke Road, filed for bankruptcy after 1975 and the Court ordered them dismembered. This study explains the economic factors causing financial failure such as total rail line excess capacity in the region leading to low density of freight traffic; in addition, labor union rules required unnecessary large train crews. The regulations of the Interstate Commerce Commission aggravated the economic problems by limiting rail line abandonments and mergers designed to improve efficiency. Congress passed the Staggers Act in 1980 to correct a large part of the regulatory limitations to efficient reorganization of the U.S. rail system, but it was too late to save the Rock Island and the Milwaukee Road. The later chapters are economic analyses of the more recent mergers of the large railroads from the Mississippi River to the Pacific Coast. A key saving resulted from the court ruling that segments of rail line could be sold to new short-line railroads without the selling carrier having to pay special compensation to rail workers who were discharged. The Illinois Central Railroad was a prime example of a carrier that sold almost all of its branch lines. Great efficiencies in operations were realized as the Union Pacific acquired the Missouri Pacific and the Southern Pacific. Comparable efficiencies were realized by the Burlington Northern acquisitions of the St. Louis-San Francisco and the Atchison, Topeka & Santa Fe.
Milwaukee Railroad Bankruptcy
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Author : United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce
language : en
Publisher:
Release Date : 1978
Milwaukee Railroad Bankruptcy written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Bankruptcy categories.
Railroad Reorganization
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Author : United States. Congress. House. Committee on the Judiciary. Special Subcommittee on Bankruptcy and Reorganization
language : en
Publisher:
Release Date : 1947
Railroad Reorganization written by United States. Congress. House. Committee on the Judiciary. Special Subcommittee on Bankruptcy and Reorganization and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1947 with Corporate reorganizations categories.
Committee Serial No. 6. Considers legislation to enable debtor railroad corporations to reorganize their financial structure without any or further procedures under the Bankruptcy Act.
Voluntary Adjustment Of Railroad Obligations
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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 1939
Voluntary Adjustment Of Railroad Obligations written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1939 with Bankruptcy categories.
Reorganization Of Railroads Under The Bankruptcy Act
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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 1935
Reorganization Of Railroads Under The Bankruptcy Act written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1935 with Bankruptcy categories.
Railroad Reorganization Public Interest Protection Act
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Author : United States. Congress. Senate. Committee on the Judiciary
language : en
Publisher:
Release Date : 1990
Railroad Reorganization Public Interest Protection Act written by United States. Congress. Senate. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Bankruptcy categories.
Northeastern Railroad Problem
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Author : United States. Department of Transportation
language : en
Publisher:
Release Date : 1973
Northeastern Railroad Problem written by United States. Department of Transportation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Railroads categories.
Railroad Reorganization
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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 1943
Railroad Reorganization written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1943 with categories.
