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Rio Grande Industries Inc

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BUSINESS
May 7, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Justice Department gave its endorsement Friday to the $1.8-billion sale of the Southern Pacific railroad to Rio Grande Industries, declaring that the new combination would be a strong competitor in the railroad market. The final power over the sale lies with the Interstate Commerce Commission, which will make its ruling in August. However, approval by the Justice Department's antitrust division removes a major potential obstacle to the deal.
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BUSINESS
August 10, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Interstate Commerce Commission approved Tuesday the sale of the Southern Pacific Railroad to Denver-based Rio Grande Industries, marking a new era for the historic rail line that first linked Los Angeles and San Francisco. The deal, by combining Southern Pacific with the Denver & Rio Grande Western Railroad, will create the nation's fifth-largest rail line, with 15,000 miles of track.
BUSINESS
August 10, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Interstate Commerce Commission approved Tuesday the sale of the Southern Pacific Railroad to Denver-based Rio Grande Industries, marking a new era for the historic rail line that first linked Los Angeles and San Francisco. The deal, by combining Southern Pacific with the Denver & Rio Grande Western Railroad, will create the nation's fifth-largest rail line, with 15,000 miles of track.
BUSINESS
January 1, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Rio Grande Industries is expected to ask the Interstate Commerce Commission for an accelerated review of its proposed purchase of the Southern Pacific railroad with the aim of completing the process within six months, officials of SP's parent firm said Thursday. Separately, Santa Fe Southern Pacific, parent of SP, said it had filed its plan of divestiture late Wednesday with the ICC for the $1.
BUSINESS
May 7, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Justice Department gave its endorsement Friday to the $1.8-billion sale of the Southern Pacific railroad to Rio Grande Industries, declaring that the new combination would be a strong competitor in the railroad market. The final power over the sale lies with the Interstate Commerce Commission, which will make its ruling in August. However, approval by the Justice Department's antitrust division removes a major potential obstacle to the deal.
BUSINESS
January 1, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Rio Grande Industries is expected to ask the Interstate Commerce Commission for an accelerated review of its proposed purchase of the Southern Pacific railroad with the aim of completing the process within six months, officials of SP's parent firm said Thursday. Separately, Santa Fe Southern Pacific, parent of SP, said it had filed its plan of divestiture late Wednesday with the ICC for the $1.
NEWS
June 7, 1989 | JENIFER WARREN, Times Staff Writer
Like his brethren on the railroad, engineer Albin Szulc was shaken when he got word one May morning that a Southern Pacific freight train had derailed here, killing four people. But he was by no means surprised. Szulc, 42, can only theorize about why the ill-fated freight became a runaway and jumped the tracks at the foot of the steep Cajon Pass grade. But he is sure that conditions dangerously ripe for such wrecks have dogged the railroad for half a decade. A Southern Pacific employee since 1971, Szulc says spotty maintenance, insufficient training and plummeting morale have turned the once mighty railroad into a carrier derisively dubbed "Surely Pathetic" by some industry experts.
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