Rambunctious Robert Ralph Young and the stodgy Association of American Railroads had long been incompatible. Last week Bob Young finally packed up his three roads (Chesapeake & Ohio, Nickel Plate, Pere Marquette) and left A.A.R.'s house. As he left, he fired a Parthian shot: The A.A.R. "has encouraged . . . noncompetitive practices," thus also encouraged Federal antitrust action. It has fought to perpetuate discriminatory freight rates helpful to the Eastern, bank-run roads which dominate its affairs. "To squeeze the last dollar of revenue from obsolete equipment . . . technological...
To continue reading:
or
Log-In
