London, Midland and Scottish Railway
The London Midland and Scottish Railway (LMS1) was a British railway company. It was formed in 1923 by the forced Grouping of over 300 separate railway companies into just four. It was an unwieldy construction, claiming to be the world's largest joint stock organisation, the largest transport organisation, and the largest commercial undertaking in Europe (although they did not say on what basis), including the largest chain of hotels. In 1938, the LMS operated 6,870 route miles (11,056 km) of railway (excluding its lines in Northern Ireland), but it was not very profitable with a rate of return of only 2.7%. Along with the other British railway companies, the LMS was nationalised in 1948.
The arrival of the new Chief Mechanical Engineer William Stanier, who was head-hunted from the Great Western Railway by Josiah Stamp in 1933, heralded a change in the LMS. Stanier introduced new ideas rather than continuing with the company's internal conflict.
Chief Mechanical Engineers of the London, Midland and Scottish Railway