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What is the rationale for private ownership of transportation companies?

Britestar:

The rationale is that all companies are owned by somebody. Private ownership just means the company doesn't issue common stock. Someone could just as easily buy all the stock in a company and make it private.

ZenDisaster:

I agree with Gary. Private ownership means you can run the finances as an individual company without much scrutiny. Any public company can vote to become private.

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