Was a Class I railroad that operated in the Midwest and Northwest of the United States from 1847 until 1980.
Perhaps Milwaukee Road's most glaring issue was a perpetual lack of leadership, which only became magnified in later years.
In the 1890s the Milwaukee's directors felt they had to extend the railroad to the Pacific in order to remain competitive with other roads. A survey in 1901 estimated costs to build to the Pacific Northwest as $45 million (equal to $1.32 billion today).
The Milwaukee Road aggressively marketed passenger service through much of its history, maintaining a high quality of service until the end of private intercity passenger operations in 1971.
During the early 1950's, under the dynamic and forward thinking of President John P. Kiley, the Milwaukee had been aggressively modernizing its railroad, rebuilding Bensenville and St. Paul yards into state of the art classification facilities, dieselizing before its competitors, and revamping it's electrification system.
The Milwaukee Road's streamlined passenger services were unique in that most of its equipment was built by the railroad at its Milwaukee Menomonee Valley shops including the four generations of Hiawatha equipment introduced in 1933-34, 1935, 1937–38, and 1947-48.
On December 19,1977, the Chicago, Milwaukee, St. Paul & Pacific Railway filed for reorganization with the Federal Bankruptcy Court in Chicago IL.
The final chapter of the Milwaukee's history would seem to be simple and straight forward. The Road slimmed down to a 3200 mile Midwestern line, embargoing and abandoning all the unprofitable lines, and was taken over by the Soo Line in 1985. But were all the lines abandoned unprofitable? Was the company viable in its Milwaukee II form? The answer in short is: No.
During the 1970's, upper management made a series of dumbfounding decisions (such as turning away new business, refusing to carry out much-needed capital improvements, opting against overhauling/upgrading its electrification, and maintaining its transcontinental status) that culminated in the railroad's bankruptcy.