Interesting article. I'm not a Pan Am or (former) B&M insider, but she really seems to hammer Mellon and Co. Actually I'm surprised the paper printed such a one-sided story-- even if the reporter is right, it's odd that she doesn't get a comment from anyone in the industry talking nice about Pan Am.
Henry, I couldn't agree more--just because they're privately held does't give them the right to run their railroad into the ground. The reporter's points about hazardous cargo are well taken, but more generally, railroads-- freight and passenger-- are public goods. They shouldn't be allowed to deteriorate the way Pan Am evidently has.
I wonder if what the State of Maine has done with the Lewiston Lower Branch and the line from Brunwick to Rockland will become more of the norm-- to purchase the line outright, rehab it and contract operations to a short line carrier like M&E, etc. I'm veering off topic here, but the State of Maine's best investment at this moment might be to buy the Pan Am tracks from Portland to Brunswick, regardless of the price Pan Am demands. The potential growth might make it worthwhile. At least then the state wouldn't be held hostage by a company intent on sucking the marrow from it's railroad operations.
A phantom ship, with each mast and spar
Across the moon like a prison bar...