All of it
From their website:
Founded in 1981, the New England Southern Railroad serves your shipping needs in central New Hampshire, operating on the State of New Hampshire owned, White Mountain Branch, with common carrier obligations between Concord and Lincoln.
Our interchange with Pan Am Railways in Concord connects your shipments to the nationwide railroad network. Freight service north of Lochmere, when warranted, requires coordination with the Winnipesaukee Scenic Railroad, Hobo Railroad and Cafe Lafayette Dinner Train operations.
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