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In reply to the discussion: The World's Longest Electrified Railroad [View all]Hiawatha Pete
(1,793 posts)Last edited Sat Apr 11, 2020, 05:45 PM - Edit history (1)
Not that I'm in a position to confirm or deny these statements myself, but I've heard opinions, in print from former railroad employees as well as in person from locals when I visited the area, theorizing that the Milwaukee actually had more assets than liabilities and was intentionally 'bankrupted' by its holding company in order to sell off the assets for a huge profit.
I've also heard other theories that it was an inside job by officials who had formerly worked at rival railroads.
And other viewpoints state that the electrification should never have been scrapped, with diesels costing twice as much to operate as the electric locomotives they replaced: http://www.trainweb.org/milwaukee/article.html
BTW, Thanks for viewing my post!