The Wreck of the Penn Central

About this book

"It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1 1968 the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court: over-regulation subsidized competition big labor featherbedding greed corporate back-stabbing and stunning incompetence." 365 pages.