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Union PacificThe Reconfiguration: America's Greatest Railroad from 1969 to the Present$
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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

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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: 19 September 2021

The Changing of the Guard

The Changing of the Guard

Chapter:
(p.350) 26 The Changing of the Guard
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0028

This chapter examines the changing of the guard at Union Pacific Railroad following its merger with Southern Pacific Railroad. The first major piece of business for the new Surface Transportation Board was the Union Pacific–Southern Pacific merger. The size of the two railroads ensured that it would be a complicated process. Although Burlington Northern Santa Fe had been appeased with trackage rights, other railroads wanted a piece of Southern Pacific as a condition for not opposing the merger. The Texas Railroad Commission voted 3–0 to oppose key provisions of the merger. Meanwhile the return of Union Pacific Corporation to its roots in transportation took another major step in September 1996 when the company completed its spinoff of Union Pacific Resources by distributing the remaining 83 percent of its stock to Union Pacific stockholders.

Keywords:   merger, Union Pacific Railroad, Southern Pacific Railroad, Surface Transportation Board, railroads, Texas Railroad Commission, Union Pacific Corporation, spinoff, Union Pacific Resources

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