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Whatever happened to the Rio Grande?
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[quote]QUOTE: <i>Originally posted by wrwatkins</i> <br /><br />Phil Anschutz did not milk the SP and drive it into the ground. It was a sick line long before Anschutz came on the scene. The problem was single track, loss of market and a myrid of other problems that have been well documented in other categories in this forum. <br />[/quote] <br />Agreed[^]. The story is this.........ATSF + SP = to separate roads in S.California. Then in the early 1980's, ATSF+SP= talks of merger,then in 1985, ATSF+SP=SPSF, make Santa Fe Southern Pacific Corporation, start painting locomotives in yellow,red,and black.1986 ICC says no. SPSF is to split the SP[V]. DRGW sees an opportunity to buy the SP,and does with Anschutz ,and his vast oil investments and junk bonds from NY banks. then later in years,the UP[V],buys the SP and gets itself in alot of trouble with congested raillines, sidings and the STB. There are 4 books that tell alot about the DRGW and the SP, "Railroad Mergers: Insight and Analysis, by Simmons - Boardman Company, " SPSF 1986-1987 Motive Power Review","SP into the 90's"; and "Southern Pacific Motive Power Pictorial 1987-1988 the Interim years" all three by Joseph W. Shine.
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