The original Rio Grande Industries was formed in 1968, its non-railroad operations included construction, real estate, and energy units.
[1] In the early 1980s, after Philip Anschutz's Anschutz Corporation took RGI over and operated RGI as a subsidiary, they arranged the take over of the Southern Pacific Transportation Company, where new head Robert Krebs (of the SPTC's old parent Santa Fe Southern Pacific Corporation) had recently succeeded Benjamin Biaggini.
The new Rio Grande Industries company was renamed to the Southern Pacific Rail Corporation in 1993 [5] and merged SPTC Holding into themselves.
[7][8][9] According to the Utah corporation database, it has been suggested that the Southern Pacific Rail Corporation (formerly the second Rio Grande Industries) was merged into UP Holding Company, a Union Pacific subsidiary,[10] and UP Holding Company was renamed Southern Pacific Rail Corporation, becoming a second incarnation of the Southern Pacific Rail Corporation.
[11] CNW Holdings could be mistaken for the Chicago and North Western Holdings Corporation, the former parent company of the Chicago and North Western.