Santa Fe–Southern Pacific merger: Difference between revisions

Revision as of 00:54, 12 October 2005

Revision as of 02:51, 17 October 2005

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The '''Southern Pacific Santa Fe Railroad''' ('''SPSF''') was intended to be formed as part of the merger between the parent companies of the [[Southern Pacific Railroad|Southern Pacific]] and [[Atchison, Topeka and Santa Fe Railway|Santa Fe]] railroads announced on [{[December 23]], [[1983]]. The holding company, the '''Santa Fe–Southern Pacific Corporation''', controlled all the rail and non-rail assets of the former [[Santa Fe Industries]] and Southern Pacific Company, and it was intended that the two railroads would be merged. They were confident enough that this would be approved that they began repainting locomotives into a new unified paint scheme.

The merger was opposed by the [[Justice Department]] in [[1985]] and denied in a 4–1 vote by the [[Interstate Commerce Commission]] (ICC) on [[July 24]], [[1986]], who ruled that such a merger included too many duplicate routes and was therefore monopolistic. The Commission denied SPSF's appeal (again in a 4–1 vote) on [[June 30]], [[1987]].