1988 outlook: 'While our future is uncertain ...' (January 1988)
1/8/2023"Southern Pacific Transportation Company this year may be embarking on a new chapter in its history. The ICC's decision to deny the merger with Santa Fe and the subsequent decision by Santa Fe Southern Pacific Corporation to divest itself of SP have opened new and interesting opportunities for transportation in the West.
"... While our future is uncertain, 1987 was a year of many positive accomplishments. For example, SP posted third-quarter operating income of $36.7 million, up from $19.7 million during the same 1986 period. For the first nine months, operating income was $65.5 million."
— Denman McNear, chairman, Southern Pacific Transportation Company
Source: The January 1988 issue of Progressive Railroading