Milwaukee Road 113
Milwaukee Road addict...
1987
- March 26: The stock of government-owned Conrail is sold to private investors.
- April 28: The Chicago, Missouri and Western Railway (not Class I) acquires almost all of the former Alton Railroad from the Illinois Central Gulf Railroad. It will declare bankruptcy in less than a year.
- April 30: The Baltimore and Ohio Railroad merges into the Chesapeake and Ohio Railway, which has controlled it since 1963.
- June 15: The Sacramento Northern Railway is merged into parent Western Pacific Railroad.
- June 16: The Western Pacific Railroad merges into parent Union Pacific Railroad.
- August 31: The Chesapeake and Ohio Railway merges into CSX Transportation.
- October 11: Wisconsin Central Ltd. (not Class I) acquires Canadian Pacific Ltd. subsidiary Soo Line Railroad's Lake States Transportation Division, including most of the remaining trackage east of Minneapolis-St. Paul formerly belonging to the Duluth, South Shore and Atlantic Railroad, Minneapolis, St. Paul and Sault Ste. Marie Railroad, and Wisconsin Central Railroad, which merged in 1961 to form the Soo. (The Soo had acquired the Chicago, Milwaukee, St. Paul and Pacific Railroad in 1985, and chose to retain those lines east of the Twin Cities. Several Milwaukee Road branches were also included in the WC sale.)
- October 31: The Montana Rail Link leases the former Northern Pacific Railway main line across Montana from the Burlington Northern Railroad.
- December 31: The Oregon Short Line Railroad, Oregon-Washington Railroad and Navigation Company, and Los Angeles and Salt Lake Railroad are merged into lessee Union Pacific Railroad, as is subsidiary Spokane International Railroad (no longer Class I).


