Leadership

When Clement took the helm at Pennsylvania Railroad in 1935, the largest railway network in the world, operating revenues were $368 million. Clement grew revenues to a peak of over $1 billion in 1944. One of Clement’s major achievements, at a cost of $200 million, was the 1930’s electrification of lines from New York City to Philadelphia, Baltimore, Washington, and Harrisburg. At the end of World War II, Pennsylvania Railroad controlled 6% of the railway mileage in the U.S., but more than 20% of the nation’s passengers and 11% of its freight.