Jump to ContentJump to Main Navigation
Union PacificThe Reconfiguration: America's Greatest Railroad from 1969 to the Present$
Users without a subscription are not able to see the full content.

Maury Klein

Print publication date: 2011

Print ISBN-13: 9780195369892

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:osobl/9780195369892.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 September 2021

The Unstable Chessboard

The Unstable Chessboard

Chapter:
(p.267) 20 The Unstable Chessboard
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0022

This chapter examines Union Pacific Railroad's merger strategy, with particular reference to transcontinental mergers. The vision of a transcontinental railroad has floated through railroad history at least since Jay Gould and Collis P. Huntington put forward plans for the One Big Railroad in 1888. The merger movement unleashed by the Staggers Act gathered momentum as the number of players in the railroad industry dwindled. Chicago & North Western Railroad had become indispensable to Union Pacific, but the issue was whether to insure ensure the connection through acquisition or rely on mutual need to sustain it. Union Pacific Corporation and the railroad undertook a round of studies, dubbed “Project Lincoln,” on Conrail, CSX, and Norfolk Southern Railroad based on two scenarios: each railroad remained independent or merged with Union Pacific. Both chairman Mike Walsh and chief executive officer Drew Lewis had worked actively to convince the industry and Wall Street that they had no interest in a transcontinental merger.

Keywords:   transcontinental mergers, Union Pacific Railroad, transcontinental railroad, Staggers Act, railroad industry, Chicago & North Western Railroad, Project Lincoln, Conrail, CSX, Norfolk Southern Railroad

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .