FreightWaves Classics/Fallen Flags: Gulf, Mobile & Ohio Railroad made key acquisition in 1940

There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation.

On this date 81 years ago, the new Gulf, Mobile & Ohio Railroad (GM&O) took control of the  Mobile & Ohio Railroad (M&O), which had declared bankruptcy.

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