St. Lawrence and Hudson Railway
Encyclopedia
The St. Lawrence and Hudson Railway was a wholly owned subsidiary of the Canadian Pacific Railway
.
The SL&H arose out of a corporate reorganization at CPR that was announced on November 21, 1995. CPR wished to spin-off its "eastern operating unit" into an operating railway company as a means to control poor financial performance of its assets in eastern North America.
The new wholly owned subsidiary was named the St. Lawrence & Hudson Railway Company Limited and became operational on October 1, 1996, taking control of all CPR assets from Quebec City
to Chicago (CPR trackage and trackage rights), and from Montreal to Washington, D.C.
(Delaware and Hudson Railway
), thus the D&H became a SL&H subsidiary.
The company name reflected its geographic region of operations - the St. Lawrence River valley and the Hudson River
valley.
The SL&H was given a dedicated management team and the authorization to undertake radical measures to reverse financial losses. Within one year the financial picture was reversed and CPR announced its intention to continue ownership of the SL&H assets.
On January 1, 2001 the SL&H assets were transferred back to CPR ownership and the SL&H was dissolved. The D&H being the CPR's corporate face in the northeastern United States, it remained legally intact.
Canadian Pacific Railway
The Canadian Pacific Railway , formerly also known as CP Rail between 1968 and 1996, is a historic Canadian Class I railway founded in 1881 and now operated by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001...
.
The SL&H arose out of a corporate reorganization at CPR that was announced on November 21, 1995. CPR wished to spin-off its "eastern operating unit" into an operating railway company as a means to control poor financial performance of its assets in eastern North America.
The new wholly owned subsidiary was named the St. Lawrence & Hudson Railway Company Limited and became operational on October 1, 1996, taking control of all CPR assets from Quebec City
Quebec City
Quebec , also Québec, Quebec City or Québec City is the capital of the Canadian province of Quebec and is located within the Capitale-Nationale region. It is the second most populous city in Quebec after Montreal, which is about to the southwest...
to Chicago (CPR trackage and trackage rights), and from Montreal to Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
(Delaware and Hudson Railway
Delaware and Hudson Railway
The Delaware and Hudson Railway is a railroad that operates in the northeastern United States. Since 1991 it has been a subsidiary of the Canadian Pacific Railway, although CPR has assumed all operations and the D&H does not maintain any locomotives or rolling stock.It was formerly an important...
), thus the D&H became a SL&H subsidiary.
The company name reflected its geographic region of operations - the St. Lawrence River valley and the Hudson River
Hudson River
The Hudson is a river that flows from north to south through eastern New York. The highest official source is at Lake Tear of the Clouds, on the slopes of Mount Marcy in the Adirondack Mountains. The river itself officially begins in Henderson Lake in Newcomb, New York...
valley.
The SL&H was given a dedicated management team and the authorization to undertake radical measures to reverse financial losses. Within one year the financial picture was reversed and CPR announced its intention to continue ownership of the SL&H assets.
On January 1, 2001 the SL&H assets were transferred back to CPR ownership and the SL&H was dissolved. The D&H being the CPR's corporate face in the northeastern United States, it remained legally intact.
External links
- The "Unofficial" St.Lawrence & Hudson Railway Page
- http://www.btinternet.com/~ucrs/ucrs/rl/rl495.html, Railways of Canada 2000