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The Bangor and Aroostook Railroad, for example, pays twice as much in railroad retirement taxes as it does for diesel fuel, and three times as much as it earns in after-tax profits, according to Executive Vice President David Hughes. Bullock has served as a director of many companies including: Bangor Hydro-Electric Company, Bangor and Aroostook Railroad, Fieldcrest Cannon Mills, Miller Haffenreffer Beverages Company, and the Courier-Gazette newspaper. In March 1995 the Company sold the Bangor and Aroostook Railroad for $20 million of cash and $8 million of notes receivable. |
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