Opinion ID: 421083
Heading Depth: 2
Heading Rank: 1

Heading: The Railroads Involved in this Case

Text: 4 Guilford Transportation Industries (Guilford) is a holding company that is 100% owned by Timothy Mellon. Guilford already owns the Maine Central Railroad and we approve today, in Lamoille Valley, Guilford's acquisition of the Boston & Maine Railroad. 5 Canadian National operates joint north-south service (from Montreal to New York and points south) with the Boston & Maine. Canadian Pacific also operates north-south service jointly with the Boston & Maine. Conrail and the Delaware & Hudson operate competing north-south routes. 6 In addition to its north-south service, Canadian National operates east-west service from Maine to the midwest in competition with Canadian Pacific and with a joint Boston & Maine/Delaware & Hudson route. All three lines connect with the Maine Central near Portland, Maine. 7 The Maine Central is a profitable railroad with a near-monopoly over rail service to the Maine paper and forest products industries. Prior to its acquisition by Guilford, the Boston & Maine was bankrupt. The Delaware & Hudson is all but bankrupt, kept out of bankruptcy proceedings only by continuing subsidies from the federal government and the state of New York. The Canadian National and the Canadian Pacific are large and profitable transcontinental railroads.