Venango River was formed by former
Atchison, Topeka, and Santa Fe managers to purchase the legendary
South Shore Line from the
Chessie System. The South Shore acquisition met with modest success, but whether the success correlated with management skill is still up for debate. The Chessie had all but neglected the railroad, making success easy to come by. Further, the Chessie equipped the South Shore with ten new locomotives ideal for shortline railroading, leading to low maintenance costs. Flush with success, Venango River purchased the CM&W from ICG with the South Shore as guarantor of the loans at Citibank. President John Darling had grand dreams of serving three steel mills belonging to
National Steel, one in Detroit, one in Burns Harbor (on
Chicago South Shore), and one near St. Louis (on CM&W). ==Failure==