Education
Deramus graduated from the University of Michigan in 1936 and received his law degree from Harvard University in 1939, and upon graduation entered the railroading industry with the Wabash Railway as a minor executive.
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William Neal
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Career
During World World War II he used his railroading background and skills to help run the Ledo Road, and upon his return, found work as an executive with the Kansas City Southern, which at the time was run by his father, William North. Deramus, Junior. He was the youngest person ever to be elected to the presidency of a Class I railroad in 1949 when he took the helm of the Chicago Great Western. In that year he also served on the Board of Directors for the second and final year of the Chicago Railroad Fair.
His tenure at the CGW was marked by increased modernization of the physical plant of the railroad and cost cutting.
He left the CGW for a three-year stint as president of the Missouri-Kansas-Texas in 1957, then took over for his father as president of the KCS.
