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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Dec 24, 1983

Page

6

ICC Approves Santa Fe Southern Pacific Merger Path

The ICC on Friday cleared the holding companies behind Santa Fe Industries and Southern Pacific to merge their rail lines, forming a potential 25 000 mile system linking the Gulf Coast to the Great Lakes and West Coast. The two railroads will stay under separate management via a voting trust and ongoing operation, with a formal railroad merger decision to follow after public hearings. Santa Fe Industries and Southern Pacific reported combined assets above 10 billion and last year earnings of 108.2 and 120.1 million on about 3.2 and 3.1 billion in revenue respectively.

Washington Interstate Commerce Commission Southern Pacific Atchison, Topeka & Santa Fe Santa Fe Industries Inc Southern Pacific Co ICC Gulf Coast Great Lakes West Coast Santa Fe Southern Pacific Corp Santa Fe Railroad Southern Pacific Railroad Bob Barrett Santa Fe Industries Dennis Watson Union Pacific Missouri Pacific Missouri-Kansas- Texas Newrailroad

Domestic auto sales rebound near pre slump levels

Domestic car sales rose 25.2 percent in mid-December from a year earlier, totaling 179,749 cars from Dec 11 to 20. The daily rate reached 22,469, the highest for the period since mid-December 1978, as analysts noted buyers returning and November shortfalls being made up.

Detroit Peter Zaglio New York Lehman Brothers Kuhn Loeb Inc

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