Corporation" and "Chicago and North Western Holdings Company") was formed and took control of the Chicago and North Western Acquisition Corporation which controlled the CNW Corporation and which the CNW Corporation controlled the Chicago and North Western Transportation Company. The Chicago and North Western corporate structure under the Blackstone ownership: Chicago and North Western Holdings Corporation Chicago and North Western Acquisition Corporation CNW Corporation Chicago and North Western Transportation Company (formerly Chicago and North Western Railway) In February 1994, the Chicago and North Western Acquisition Corporation and the CNW Corporation merged into the Chicago and North Western Holdings Corporation, leaving only the Chicago and North Western Holdings Corporation and the Chicago and North Western Transportation Company. In May 1994, the Chicago and North Western Transportation Company reverted to its original name, Chicago and North Western Railway and the Chicago and North Western Holdings Corporation was renamed to the second Chicago and North Western Transportation Company. The Chicago and North Western corporate structure now follows: Chicago and North Western Transportation Company (formerly Chicago and North Western Holdings Corporation) Chicago and North Western Railway (formerly Chicago and North Western Transportation Company) In April 1995, the Union Pacific Corporation acquired the former Chicago and North Western Holdings Corporation (the second Chicago and North Western Transportation Company) under subsidiary UP Rail (or UP Rail, Inc.), Union Pacific now controls the former Chicago and North Western Holdings Corporation (now the second Chicago and North Western Transportation Company) and the Chicago and North Western Railway (formerly the first Chicago and North Western Transportation Company) under UP Rail subsidiary. The Chicago and North Western corporate structure under Union Pacific ownership: UP Rail (or UP Rail, Inc.) Chicago and North Western Transportation Company (formerly Chicago and North Western Holdings Corporation) Chicago and North Western Railway (formerly Chicago and North Western Transportation Company) The Union Pacific Corporation merged UP Rail into the Union Pacific Railroad and then merged the second Chicago and North Western Transportation Company and the Chicago and North Western Railway into the Union Pacific Railroad; the Chicago and North Western system is now part of the Union Pacific Railroad system. A joint UP-CNW subsidiary, Western Railroad Properties, Inc., was also merged into the Union Pacific system in the acquisition. Post C&NW Chicago and North Western locomotives continued to operate in their own paint schemes for several years after the acquisition (although some of them were gradually