Transportation Industry
20th century AD
Railway Age, Dec, 1999 by Frank N. Wilner
Alfred Edward Perlman (1 902-1 983) restored bankrupt Denver & Rio Grande to profitability, held a technically insolvent New York Central together until merger with Penn Central, spent aggressively on modernizing PC-building for a future realized by Conrail-and positioned Western Pacific for merger into the UP. He was a pioneer in installing CTC and investing in intermodal.
Daniel Willard (1861-1942), CEO of the Baltimore & Ohio (1910-1942), double-tracked the main line linking Philadelphia, Baltimore, and Washington with Pittsburgh and Chicago. He canceled outside contracting, returning locomotive repair to B&O shops. "He has a conscience in dealing with labor," said Time magazine. AFL-CIO President William Green called Willard "deserving of honor and tribute."
100 YEARS OF RAILROADING
1900
Jan. 1, 1900 A railroad system of 193,000 miles represents $11 billion investment; $1.4 million annual operating revenues, 1,017,000 employees.
1901 The first grade crossing accident involving an automobile and a train demolishes $8,000 Mors motorcar at Westbury, Long Island.
1902
1902 As locomotives got bigger and trains got longer, malleable iron couplers were becoming impractical. Believing the coupler business was moving to cast steel, Buckeye Malleable Iron & Coupler Company built a modern steel foundry. Once construction was completed in 1902, the company's output was almost exclusively steel castings, thus spurring a name change to Buckeye Steel Castings Company. The company bears the same name today
1903 The Elkins Act-Rebating Act makes the published freight rate the legal rate and the acceptance of rebates, drawbacks, and other concessions a criminal offense.
1903 Hayes Track Appliance Co., predecessor to Western-Cullen-Hayes, Inc., introduces the industry's first Model "A" De-rail.
1904
1904 America's first Mallet-type steam locomotive, American Locomotive Co. (ALCO)-built No.2400, weighing in at more than 150 tons, is shown at the Louisiana Purchase Exhibition in St. Louis.
MINER W.H. MINER DIVISION
1905 On Feb. 14, W.H. Miner patents the first steel friction draft gear.
1905 The Pennsylvania Railroad and the New York Central cut their running times between New York and Chicago to 18 hours. (PRR's Pennsylvania Limited, renamed the Broadway Limited in 1912, and NYC's 20the Century Limited trim these schedules to 16 hours in 1938.) Long Island Rail Road becomes the world's first steam road to make practical use of electricity for power.
1906
1906 The Hepburn Act puts teeth in the Interstate Commerce Act of 1887, giving the ICC maximum rate-making authority, the power to compel standardized reporting, and the requirement for a uniform system of accounts.
1907 Congress pass the 16-hour or "hog law," limiting the numbers of hours in 24 a railroad worker could stay on the job.
1908
1908 Hudson & Manhattan Railroad completes the first Hudson River tunnel. Congress passes Federal Employers Liability Act (FELA). Railway Age merges with the Railroad Gazette.
1909 Railway Business Association, predecessor to the Railway Progress Institute, is founded.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


