1970 - Chicago, Rock Island & Pacific Railroad annual report

Description

The report is in very good condition, with no rips, tears, writing or markings, and the binding is secure with all pages firmly in place.
1970 - Chicago, Rock Island & Pacific Railroad annual report
1970 - Chicago, Rock Island & Pacific Railroad annual report
Click images to enlarge
Description
The
Chicago, Rock Island & Pacific Railroad
, also known as the
"Rock Island"
and
"The Rock",
was a
major mid-western US railroad company
from its early days in 1852 until the company was
liquidated in bankruptcy in 1980
. Serving the states of Arkansas, Colorado, Illinois, Iowa, Kansas, Louisiana, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, Tennessee, and Texas, the Rock Island was
once a prosperous freight and passenger carrier
, as well as providing commuter services in the greater Chicago area. It had strong competition from other railroads and, despite several attempts at merger/acquisition, the Rock Island failed to secure a partner; the Union Pacific (UP) had planned to acquire the Rock Island, but the deterioration of its physical plant caused the UP to back away. This ultimately forced the Rock Island to shut down and begin the liquidation of its engines, equipment and track; ironically, the UP ended up with the largest share of the Rock Island assets. Several railroads other than the UP today operate portions of the Rock Island trackage.
For auction is an annual report from the Rock Island for the calendar year 1970.
It
presents the financial results from the year, which highlight the continuing decline of the railroad
, as traffic diminished and costs soared; the Rock Island lost million in the year. It
discusses capital expenditures for equipment, right-of-way and structures, as well as petitions fir abandonment of service.
The report measures appx 11 x 8 1/3 inches and contains
18 pages
. It is printed on mid-weight paperstock. The report is in
very good condition
, with no rips, tears, writing or markings, and the binding is secure with all pages firmly in place.
A good chronicle of one of America's "fallen flags",
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