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: 19 September 2021

The Lessons Relearned

The Lessons Relearned

(p.412) 31 The Lessons Relearned
Union Pacific

Maury Klein

Oxford University Press

This chapter examines how Union Pacific Railroad and other railroads reconfigured themselves to become a strong and thriving industry. Deregulation drove the railroad industry to look for every way to purge inefficiencies from their operations. In 2003 Union Pacific seemed to be in splendid shape, paying off the $1.5 billion in convertible preferred securities issued to get through the service crisis. President and chief executive officer Dick Davidson reached a cherished goal when the company finally sold off the last of its subsidiaries. To cope with the stagnant economy, Davidson and Ike Evans embarked on cost-cutting. The board underwent significant changes in the new century.

Keywords:   railroads, Union Pacific Railroad, deregulation, railroad industry, service crisis, Dick Davidson, Ike Evans, cost-cutting

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 .