THE TRANSFORMATION OF A RAILROAD

The ten-year transformation of the Illinois Central Railroad into IC Industries, a diversified conglomerate, is described. Between 1966 and 1975, revenues grew from $300 million to $1.5 billion and currently most pretax earnings are from nonrail enterprises. In addition to merging Gulf, Mobile and Ohio Railroad, IC Industries has holdings in heavy industry, real estate, consumer products and financial enterprises. The planning and corporate restructuring are described.

• Corporate Authors:

  Pergamon Press, Incorporated

  Headington Hill Hall
  Oxford OX30BW,    
• Authors:
  • JOHNSON, W B
• Publication Date: 1976-12

Media Info

• Features: Figures;
• Pagination: p. 18-23
• Serial:
  • LONG RANGE PLANNING
  • Volume: 9
  • Issue Number: 6

Subject/Index Terms

• TRT Terms: Business conglomerates; Diversification; Finance; Industry structure; Management; Mergers; Planning; Profitability
• Uncontrolled Terms: Financial management
• Old TRIS Terms: Management planning
• Subject Areas: Administration and Management; Finance; Planning and Forecasting; Railroads;

Filing Info

• Accession Number: 00149458
• Record Type: Publication
• Source Agency: Long Range Planning
• Files: TRIS
• Created Date: Apr 27 1977 12:00AM