London, Midland & Scottish Railway
About
The London, Midland and Scottish Railway (LMS) was the largest of the British Big Four railways and at formation was, by some measures, the largest joint-stock company in the world. It was formed at the 1923 Grouping by the amalgamation of the London & North Western, Midland, Lancashire & Yorkshire, Caledonian, Glasgow & South Western, Highland, North London and several smaller railways into a single concern operating the West Coast Main Line and the Midland and Scottish trunk routes.
The LMS's early years were marked by continuing rivalry between the Crewe (LNWR) and Derby (Midland) engineering offices. From 1932 Sir William Stanier, recruited from the GWR, imposed Swindon-style discipline, producing the Princess Royal and streamlined Princess Coronation Pacifics, the Black Five mixed-traffic 4-6-0 (842 built) and the heavy 8F freight 2-8-0 (852 built). His deputy Charles Fairburn (CME 1944–1945) and George Ivatt (1945–1947) followed Stanier's pattern.
The LMS pioneered the British high-speed train with the 'Coronation Scot' service of 1937, Britain's only pre-war Anglo-Scottish high-speed train, and held the British steam speed record at 114 mph briefly in 1937 before being overtaken by the LNER A4 the following year. The 'Coronation Scot' streamliners and Pacifics in their crimson lake or maroon livery represented the LMS at its operational peak.
At nationalisation on 1 January 1948 the LMS became the London Midland and Scottish Regions of British Railways. The Stanier classes formed the backbone of the BR fleet for the next two decades; the last Black Five was withdrawn from BR service in August 1968, the end of main-line steam in Britain.