http://www.streetinsider.com/Corporate+News/Genesee+%26+Wyoming+(GWR)+to+Acquire+Providence+and+Worcester+Railroad+(PWX)+in+$126M+Deal/11938170.html
This will probably have much wider impacts in the Northeast, so stay tuned...
One PW employee I talked to is very concerned, knowing what G&W has done to the NECR, CSOR, and SLA.
At some point, our favorite master maniac will surface.
I'm shocked and speechless, I don't know what to say...
How long before G&W buys one of the 'Bigs"? CP? CSX? UP (if they keep losing All That Traffic)??
You know, if G&W bought Kansas City Southern, they'd still have to bridge a few gaps in the Midwest, but they would have quite the network in the Southeast and Upper Midwest if they could bridge those gaps.
Of course, a G&W bid for KCS would probably stimulate other bids from bigger players. And combining companies is more than just stitching track segments in to a contiguous network.
But we are living in interesting times, so who knows?
Judging by the geography, the proposed purchase of P&W by G&W may lead to some antitrust issues.
Considering how most business aquisitions turn out, there's one of three possibilities.
G&W will try to remake P&W into it's own image and louse it up.
G&W won't know what to do with it now that they've got it, like Best Buy didn't know what to do with Geek Squad when they bought it, I got that from a former Geek Squad employee. (And the O gauger in me is thinking of Bachmann's aquisition of the Williams line.)
They'll have sense enough to realize you don't mess with success and just leave it alone.
Take your pick.
Randy Stahl I'm shocked and speechless, I don't know what to say...
I could say something, but it wouldn't be apprpriate to this forum.
The opinions expressed here represent my own and not those of my employer, any other railroad, company, or person.
And the rich get richer.
Still waiting for G&W to buy G&D.....
LensCapOn Still waiting for G&W to buy G&D.....
Too late - the G&D burned some years ago...
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
[quote user="tree68"]
[/quote] SO RIGHT!
Highlight of many editions of the Model Railroader were the photo spreads of John Allen's G&D [Gorre& Daphetid) They were always excelent and his diaoramas were a mark for all the rest of of to shoot for!
As I recall, John Allen passed in about '73, and I think the layout was consumed sometime after his death by a house fire(?). Kind of a modeler's viking Funeral.
Makes you wonder sometimes. The layout didn't want to live without him.
I think it's about time the STB began considering G&W purchases as if it were a Class I. Their holding company method of ownership is just a way around laws others have to consider. Every shortline with a dozen cars per year is a takeover target.
If Hunter Harrison wants a company to buy it the G & W is it.P & W should not let themselves be bought.Read the piece that this magazine did on them
cat992c If Hunter Harrison wants a company to buy it the G & W is it.P & W should not let themselves be bought.Read the piece that this magazine did on them
STEPHEN C WILLIS I think it's about time the STB began considering G&W purchases as if it were a Class I. Their holding company method of ownership is just a way around laws others have to consider. Every shortline with a dozen cars per year is a takeover target.
seems we have strayed(?)
***[See Posts by LensCapOn/Tree68/samfp]***
It seems that we took that last curve too fast !
Just to back track... The Gorre & Daphetid RR was a very well constructed and modeled HO Model Layout....It owner was John W. Allen; His layout, and his diorama constructions were well done and showed what could be done to a model in a repersentation of world realism. The were featured in many issues of MODEL RAILROADER Magazine, up until the time of John Allen's death in 1973.
Here is a more complete story of John W. Allen and his Gorre&Daphetid RR: @ https://en.wikipedia.org/wiki/Gorre_%26_Daphetid
and also @ https://en.wikipedia.org/wiki/John_Whitby_Allen
A Google search will find much more and even some photos and You Tube videos of John's layouts.
Not to mention back issues of Model Railroader; [Cover photos, and stories] pre-1973 would be a real treasure trove of John Allen's work.
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