jis
Permanent Way Inspector
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At that point in time, after the proposed SP SantaFe merger had already fallen apart, the only other choice would have been partial shutdown and piecemeal divestment of SP, and the net net of that would not have been any prettier than what happened with UP merger as far as the Sunset was concerned IMHO. Sp was in truly dire straits at that time.In hindsight many, many people were definitely questioning that approval.From the sounds of it the UP + SP merger should never have been approved to begin with.
Mind you NS had similar problems after the partial absorption of Conrail. It wasn't quite as bad as UP, but it wasn't pretty either.
Of course the whole mega-railroad trend is possibly questionable as a concept from a pure competitiveness angle. There are talks off and on about the next round possibly involving a UP - CSX merger and a BNSF - NS merger. The airline industry is also trending in the same direction. After United+Continental, there is speculation about AA+who? Perhaps USAirways who was left standing at the alter by United when it eloped with Continental? Perhaps B6?