Santa Fe Future Bright Despite Flood's Ravage

Chicago Sun-Times | October 22, 1993| | Copyright

As the Mississippi River rampaged last summer, television flashed daily images of devastation: Homes were lost, farms became lakes and families were left homeless.

A less obvious victim was Chicago's Santa Fe Pacific Corp., which saw its tracks and bridges washed away and its railcars stranded. The damage has since been put right, but the financial impact is just now being quantified.

The receding floodwaters may have swept away up to half of Santa Fe's third-quarter profits, to be reported today, analysts say.

Instead of earnings per share of 25 to 30 cents, Santa Fe likely will post ...

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