It is amazing the company remained in business for so long before they were bought. The old line in the video was once a main line!
Regarding Pan Am, they had high finance behind them from Timothy Mellon of the Mellon Bank. The company was more or less a tax write-off for the owners. PAR was once the Boston and Maine, Maine Central and shortly included the Delaware and Hudson. All three of these railways/roads here were some of the earliest companies in the US. The B&M its self dates back to the early 1840s with the early portions dating back to the early 1830s. The MEC had European influence and also British influence because of the Canadian heritage and associations with Canada. The D&H was once a canal company dating back to about 1800 if not earlier. After PAR, or earlier Guilford got their paws on them, the group decimated these early companies.
Sad. I am happy Pan Am is going away. Workers did walk off their jobs on Guilford in the 1980s after an accident was caused due to poor maintenance. Sad!