ERIE LACKAWANNA TAKE OVER OF NICKEL PLATE APPROVED
"Ever since the mass-merger trend that started in railroads of the 1920s and continued into the 1950s aside from the Second World War, the New York, Chicago, & St. Louis Railroad, known to most as the Nickel Plate Road, has historically had trouble trying to find a suitable partner for merger. Despite their historically strong record in terms of efficiency and profit, the railroad had always known the day would come where merger would be a necessity. The only question was with whom.
The Nickel Plate Road's first target for a potential merger was the Lehigh Valley Railroad; which linked Buffalo to New York via the coal fields of Northeast Pennsylvania. However, a decrease in profitability of coal with the rise of nuclear power led to the Lehigh Valley's main source of traffic no longer being profitable. Thus decreasing the NKP's reason to take it up, the Canadian National Railroad has since bought a controlling stake in the company and used it as a New York - Buffalo corridor for the Grand Trunk Western.
However, the Nickel Plate seems like it will have a much-coveted partner after all. The Erie Lackawanna, formed from the 1931 merger of the Erie and the Delaware, Lackawanna, & Western; has confirmed that they are in talks of acquiring the Nickel Plate as a way to extend its rather minuscule network further west than Chicago to locations such as Peoria and St. Louis. In addition, the EL management see the NKP's own Chicago line as a possible route for coal and ore trains, thus allowing the EL's own current Chicago main to have trains running at even higher speeds.
Once the merger has been completed, the Nickel Plate will be the largest edition the Erie Lackawanna has made to its network thus far. The largest having been when as part of the series of deals that carved up the bankrupt New York, New Haven, and Hartford, the EL fashioned out a mainline from Poughkeepsie, NY to Boston. As well as the recent deal with the Baltimore & Ohio, out of which the Erie Lackawanna was given the Western Maryland's principal mainline from Connellsville, PA to Baltimore while the B&O got the 'Wild Mary's' Hagerstown - Shippenburg branch; with the Pittsburgh & Lake Erie mainline serving as a way to link the EL's New York - Chicago main with the aforementioned Western Maryland."
- The New York Times; March 16, 1967
"Ever since the mass-merger trend that started in railroads of the 1920s and continued into the 1950s aside from the Second World War, the New York, Chicago, & St. Louis Railroad, known to most as the Nickel Plate Road, has historically had trouble trying to find a suitable partner for merger. Despite their historically strong record in terms of efficiency and profit, the railroad had always known the day would come where merger would be a necessity. The only question was with whom.
The Nickel Plate Road's first target for a potential merger was the Lehigh Valley Railroad; which linked Buffalo to New York via the coal fields of Northeast Pennsylvania. However, a decrease in profitability of coal with the rise of nuclear power led to the Lehigh Valley's main source of traffic no longer being profitable. Thus decreasing the NKP's reason to take it up, the Canadian National Railroad has since bought a controlling stake in the company and used it as a New York - Buffalo corridor for the Grand Trunk Western.
However, the Nickel Plate seems like it will have a much-coveted partner after all. The Erie Lackawanna, formed from the 1931 merger of the Erie and the Delaware, Lackawanna, & Western; has confirmed that they are in talks of acquiring the Nickel Plate as a way to extend its rather minuscule network further west than Chicago to locations such as Peoria and St. Louis. In addition, the EL management see the NKP's own Chicago line as a possible route for coal and ore trains, thus allowing the EL's own current Chicago main to have trains running at even higher speeds.
Once the merger has been completed, the Nickel Plate will be the largest edition the Erie Lackawanna has made to its network thus far. The largest having been when as part of the series of deals that carved up the bankrupt New York, New Haven, and Hartford, the EL fashioned out a mainline from Poughkeepsie, NY to Boston. As well as the recent deal with the Baltimore & Ohio, out of which the Erie Lackawanna was given the Western Maryland's principal mainline from Connellsville, PA to Baltimore while the B&O got the 'Wild Mary's' Hagerstown - Shippenburg branch; with the Pittsburgh & Lake Erie mainline serving as a way to link the EL's New York - Chicago main with the aforementioned Western Maryland."
- The New York Times; March 16, 1967