RAILROADS: Can Do--Privately

The Providence & Worcester Railroad is a tiny (50 workers, 75 miles of track) Rhode Island freight hauler that has been beset by more problems than "the little engine that could" of children's fiction. In the past ten years, the giant Penn Central has tried to squeeze it off the tracks, it has lost seemingly do-or-die battles before both the Interstate Commerce Commission and the U.S. Supreme Court, and it has had to tough out an uphill struggle to survive on its own after years of being operated under lease. Today the line appears to be chugging toward the...

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