In 1929 Vickers Ltd and Cammell Laird merged their rolling stock activities in a new company, the Metropolitan-Cammell Carriage, Wagon and Finance Company Ltd with Vickers and Cammell Laird each holding 50% of the shares of the new company. Following the Second World War, the company manufactured carriages for the railways of the world, including UK, USA, Canada, South Africa, Hong Kong, Singapore, Brazil, Jamaica, and Egypt. In addition, the company manufactured mineral wagons, diesel multiple units and locomotives. However, over this period of sustained high output, international industrial development together with reductions in home market demand as orders were fulfilled, led to the necessity to reduce capacity and in 1962 the Saltley Works were closed and eventually the whole enterprise was concentrated at the Midland Works offices at Leigh Road, Washwood Heath. In the 1970s Metro-Cammell specialised in the design and construction of rapid transit vehicles for customers such as London Underground, Tyne and Wear Metro, Hong Kong Mass Transit Corporation and the Kowloon Canton Railway Corporation. They also built Maglev vehicles for Birmingham Airport, diesel multiple units for BR and Mk IV coaches for BR. In May 1989 the Laird Group sold their transportation interests to GEC Alsthom and Metro-Cammell became part of the new Anglo-French Power Generation and Transportation Group. This led to involvement in the construction of the Eurostar trains for the Channel Tunnel project. The name Metro Cammell disappeared forever in 1998 when the owners floated the company under the name Alstom.

In 1959 Associated Electrical Industries (AEI) created a self-contained company named AEI Traction Division to control the railway activities of both Metropolitan Vickers Electrical Company Ltd and British Thomson-Houston (BTH). Included in this company were the interests of the Metropolitan-Vickers General Railway Signal Co., (later to become GEC General Railway Signal). The newly formed company established its headquarters, at Trafford Park, Manchester, and operated from three other sites, Attercliffe Common in Sheffield, Rugby Works, and Stockton Works supplying traction motors, machines, control gear and mechanical parts of locomotives. AEI Traction Limited’s product range encompassed electric and diesel-electric locomotives; electrical equipment for tramcars, trolley buses, trolley mining locomotives, traction motors and gears. In 1969 AEI Traction Division merged with English Electric Traction to form English Electric-AEI Traction Division.

The Transport Act 1947 nationalised virtually all British transport, including the railways, waterways, and road haulage. These were transferred to a newly-created operating body, the British Transport Commission (BTC). The British Transport Commission began operations on 1st January 1948, under Chairman Sir (later Lord) Cyril Hurcomb. At this time, the British Transport Commission acquired the “Big Four” grouped railways, with virtually all minor railways as well, together with the London Passenger Transport Board. This automatically transferred the assets of the rail companies to BTC, including ships, ports, hotels, and investments in bus, coach, and haulage companies. Two bus companies, Tilling and Scottish Motor Traction, were soon added, as well as long-distance road hauliers. The Transport Act charged the British Transport Commission with the task of charged with “integrating” various forms of transport into single public service. The British Transport Commission did not directly operate transport services. Operations were delegated to five separately appointed executives: Docks and Inland Waterways, Hotels, London Transport, Road Transport, and Railways. The Railways Executive operated under the name British Railways. In 1949, the Road Transport Executive was divided into two separate executives: Road Haulage and Road Passenger. The Commission exercised financial control over these Executives, and managed them through schemes of delegation. The Commission attempted to fulfil its statutory duty to “integrate” public transport by introducing Area Schemes. These were designed to establish regional monopolies for road passenger transport, ports, and harbours. “Integration” was also to be promoted through Charges Schemes, in which the true costs of different modes of transport were to be reflected in the charges. This was designed to attract traffic to the most economic and efficient mode of transport. The structure of Executives was dramatically altered by the Transport Act 1953, which abolished all Executives, with the exception of London Transport. Responsibility for the operation and maintenance of transport systems was delegated to the chief regional managers. The railways were reorganised into a system of area boards for each of its six regions. In September 1953, Sir Brian Robertson became Chairman. Disposal of the haulage fleet also began at this time, but a lack of buyers made this difficult. Rising costs, industrial action and competition from road traffic meant that the British Transport Commission was in financial trouble by 1955. It sought relief from this by publishing The Modernisation and Re-equipment of British Railways, a plan which proposed an investment in the railways of £1,240m over fifteen years. The main features of this plan were the replacement of steam with electric and diesel traction, the electrification of principle routes, and the introduction of new coaching stock. Despite the modernisation plan, the financial position of the British Transport Commission worsened. Two government reviews, in 1956 and 1959, concluded that the Commission was unwieldy and had an insufficiently commercial outlook. Sir Brian Robertson retired in May 1961, and was replaced by Dr Richard Beeching. The BTC was abolished by the Transport Act 1962. It was replaced with five new authorities that were answerable to the Minister of Transport: the British Railways Board, the British Transport Docks Board, the British Waterways Board, the London Transport Board, and the Transport Holding Company. Dr Beeching became chair of the British Railways Board.

On 1st February 1961, Eastern Bengal Railway was renamed as the Pakistan Eastern Railway. Then in 1962, the control of Pakistan Eastern Railway was transferred from the Central Government to the Government of East Pakistan and placed under the management of a Railway Board. With the emergence of Bangladesh as an independent nation in 1971, it became the Bangladesh Railway.

The British Railways Board was an independent statutory corporation responsible for running the British railway network from 1963. It was established by the Transport Act 1962, which abolished the British Transport Commission and divided its undertakings between five newly-created bodies: the British Railways Board, the British Waterways Board, the British Transport Docks Board, the London Transport Board, and a Transport Holding Company. The British Railways Board was responsible for running the railway network, as well as managing government-owned railway hotels. Members of the British Railways Board were also appointed by the Minister for Transport. The first Chair of the British Railways Board was Dr Richard Beeching. The British Railways Board operated through regional boards, which were responsible for regional sections of the railway network. These regions were Southern, Western, London Midland, London and North Eastern, Eastern, and Scottish. Members of these regional boards were appointed by the British Railways Board, in consultation with the Minister for Transport. The British Railways Board also operated a series of committees to manage every aspect of railway control, including committees for finance, technical, works and property. These committees were frequently reorganised throughout the life of the British Railways Board, under both different Chairs of the Board and different governments. Several changes occurred during the 1960s. The Board had two new Chairs; Stanley Raymond, who replaced Richard Beeching in 1965, and his successor Henry Johnson, who became Chair in 1967. In 1968, the Transport Act transferred the control of the Sundries and Freightliner divisions from the British Railways Board to National Carriers Ltd and Freightliners Ltd. The Board retained a forty-nine per cent stake in Freightliners Ltd. During the 1970s, the British Railways Board created several subsidiary companies which were to manage some of its undertakings. These included British Transport Hotels Ltd, British Rail Engineering Ltd, and British Rail Hovercraft Ltd. Many of these subsidiary companies were sold under the Conservative governments of the 1980s. There were also two new Chairs during this time. Richard Marsh replaced Henry Johnson in 1971, and Peter Parker became chair in 1976. The privatisation of the British rail network during the 1990s radically changed the role of the British Railways Board. The Transport Act 1993 established Railtrack, a publicly-owned company. The Act transferred the ownership of track and railway infrastructure from the British Railways Board to Railtrack, in addition to the control of signals. Railtrack also replaced the British Railways Board as the body responsible for track investment and maintenance. The British Railways Board remained in existence after these changes, but only performed residual functions relating to pensions, liabilities, and non-operational railway land. The Board also continued to operate the British Transport Police service. The British Railways Board was abolished by the Transport Act 2000, which transferred the remaining functions of the Board to the newly-created Strategic Rail Authority.

The English Electric Company was formed on 14th December 1918 and over the following year acquired Dick, Kerr & Company of Preston, Willans & Robinson of Rugby, the Phoenix Dynamo Manufacturing Company of Bradford, and Coventry Ordnance Works. After the First World War the various German owned Siemens works were distributed to different UK companies and in November 1919 English Electric acquired the Siemens Brothers Dynamo Works at Stafford, which became the company headquarters in 1931. Coventry Ordnance, primary output naval guns, did not feature in the gradual product rationalisation which took place between the First World and Second world Wars. Willans & Robinson’s Rugby works specialised in prime movers, steam, hydro and internal combustion, and their Stafford works on power station and distribution electrics, including transformers and large electric machines for applications such as mining and steel works. Dick Kerr & Company continued building equipment and vehicles for bus, tram and railway applications with the Phoenix Dynamo Manufacturing Company concentrating on medium and small electrical machines. Involvement with aircraft continued a small scale. By 1929 the company was in financial trouble and an American syndicate fronted by Lazard Bros. put in new capital. In 1930 Westinghouse of Pittsburgh entered into an agreement with the company for the exchange of technical information relating to steam turbines and electrical apparatus. This cooperation continued into the 1950s. 1930 saw the closure of Preston West works and the transfer of traction electrical design and manufacture to the Phoenix Dynamo Manufacturing works. The Westinghouse influence included top management changes with Sir H Mensforth becoming chairman and George Nelson managing director. Both had been with British Westinghouse at Trafford Park. The early 1930s saw a remarkable improvement in the company’s finances and domestic appliance manufacture was started at Bradford and Stafford. In 1936 they began production of diesel locomotives at Preston and were later involved in the production of the Deltic locomotive for British Rail, presaging the end of steam traction in the UK. Extensive shadow factory building for war production commenced in the late 1930’s, including at Preston East works and Salmesbury for aircraft production and at East Lancashire Road, Liverpool for D. Napier aero engines. A large variety of military equipment built during the war included thousands of Cromwell tanks from Stafford and over 3000 Handley Page Hampden and Halifax bombers from Preston and Salmesbury. After the war manufacture of smaller products from Bradford and Stafford moved to the large Liverpool works. This included electrical distribution transformers, switchgear, fuse gear, fractional horsepower motors and domestic appliances. Napier’s continued engine manufacture with the development of the ’Deltic’ diesel engine, mainly for marine applications. The nearby Netherton works took over the manufacture of large hydro-electric turbines and generators from Willans and Stafford. In 1942 English Electric acquired D. Napier & Son Ltd and Marconi in 1946. The company went on to extend their railway interests with the acquisition of the Vulcan Foundry and Robert Stephenson and Hawthorn Ltd in 1955. The company tried to take over The General Electric Company (GEC) in 1960 but failed. Traction manufacture, but not the offices, moved back to Preston East works and ‘K’, ‘RK’ and ‘V’ engine design and manufacture moved from Willans to Preston West works which was now also used for locomotive building. Kidsgrove works in Stafford made industrial controls and for a while was a major player in the UK computer industry, merging with Leo Computers and then into ICL. Train performance calculations were an early user of the mid-fifties ‘Deuce’ computer. Preston also became a major player in the aircraft industry taking over the wartime RAF/USAF base at Warton aerodrome - major design and manufacture contracts included Canberra bombers and Lightning fighters. Rationalisation in the 1960s resulted in English Electric Aviation becoming 40% of the new British Aircraft Corporation. In 1961 English Electric took over Dorman Diesels Ltd which in turn had acquired W. G. Bagnall Ltd. In 1966 English Electric Diesels merged with Ruston and Hornsby which already included Paxmans. This company eventually became GEC Diesels. Elliott Automation was acquired in 1967. The following year GEC took over English Electric, ending its independent existence.