QB 52.32 wrote: ↑Sun Jul 05, 2020 2:32 pm Why only consider the Class 1's? Genesee & Wyoming Inc offers one of the best cases when it comes to the value of PAR and PAS (half or whole) that could be derived from market and cost leverage while also pretty much maintaining Class 1 competition status quo in New England. Even along the Conn River/Hartford Line & branches given rights already in place, VRS, and CSOR's main role of acting on behalf of CSX and not independently, I would think the argument would hold.I doubt GW would be allowed to buy up anything in the Boston area since they would then have a monopoly. Personally it looks like PAS and PAR would be best split up between two or more companies. Not sure who would want PAR besides CP. I doubt any Class 1 would want any of the locals, or branch lines on PAS or PAR. I suspect they would spin those off or embargo the businesses on them.