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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: 25 September 2021

The Shifting Landscape

The Shifting Landscape

Chapter:
(p.72) 5 The Shifting Landscape
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0007

This chapter describes the shifting landscape at Union Pacific Railroad under new president, John C. Kenefick, and in the railroad industry more generally during the 1970s. Kenefick began to change Union Pacific's culture by implementing new approaches, recruiting new people, and adopting modern technologies, but he also made sure that the railroad performed. Under his watch, Union Pacific fluorished amid the gloomy economic backdrop of the period. The new United States Railway Association, created by the Regional Rail Reorganization Act of 1973, struggled toward completion of its mandate to reorganize the bankrupt eastern railroads into a new entity. In February 1976 Congress passed the Railroad Revitalization and Regulatory Reform Act, better known as the 4R Act. Railroads entered into mergers that got off to rocky starts.

Keywords:   mergers, Union Pacific Railroad, John C. Kenefick, railroad industry, United States Railway Association, Regional Rail Reorganization Act of 1973, Congress, Railroad Revitalization and Regulatory Reform Act, railroads

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