The Interstate Commerce Commission last week put a newly merged railroad on the tracks and gave it a shove. It approved merger of the Delaware, Lackawanna & Western and the Erie into the Erie-Lackawanna Railroad, which will be based in Cleveland, will operate 3,000 miles of line in New York, New Jersey, Pennsylvania, Ohio, Indiana and Illinois. Then it rebuffed the efforts of both the unions and competing railroads to hamstring the new road.
So worried are the railroad unions about the increasing trend toward merger that they challenged the commission's interpretation of the...
To continue reading:
or
Log-In
