Railroads: More & More Mergers

So many rail mergers are being planned, programmed and petitioned for that, in sorting them out, the offices of the Interstate Commerce Commission resemble a giant classification yard. Last week three meaningful mergers made progress.

> The Chicago and North Western and the Milwaukee Road, so closely linked at 140 points that they have been mulling marriage for almost 30 years, formally asked the ICC to give its go-ahead. A merger would consolidate 20,758 miles of track in 13 states from Chicago to the Pacific, save $30 million annually, and create, so the petition said, "a healthy rail system out...

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