Great Northern Railway
At the age of 40, in 1919, Budd became the youngest railroad president in America when he became president of the Great Northern Railway. Under his tenure at Great Northern, the railway built the Cascade Tunnel in Washington, a project that cost $25 million and eliminated an earlier summit tunnel under the Cascade Range and a rugged alignment through an avalanche-prone area. At 7.79 miles in length, the Great Northern's New Cascade Tunnel remains the longest railroad tunnel in the United States.
Over the course of thirteen years, Budd's administration invested $79,000,000 in improvements, $75,000,000 more in rolling stock, and nearly $7,000,000 in the construction of new lines.
In the 1920s, together with Howard Elliott of the Northern Pacific Railway, Budd began the third attempt to formally merge the Hill Lines. This was the first attempt since the disastrous Northern Securities Case of 1904. This ultimately resulted in failure, when the Interstate Commerce Commission agreed to the merger, but only if the Hill Lines let go of their vital link to Chicago -- the Chicago, Burlington and Quincy Railroad.
Read more about this topic: Ralph Budd
Famous quotes containing the words northern and/or railway:
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