CN subsidiary Bessemer and Lake Erie Railroad Company (B&LE) and CSX Transportation, Inc. (CSXT) had originally held a drop dead date of 30 November 2020, for the closing of a deal on the Massena Line acquisition by CN from CSXT. The deal had been held in limbo by CN roughly since 5 June 2020, when […]
WASHINGTON, D.C. – 30 November 2020 – Amtrak CEO Bill Flynn announced that Stephen Gardner has been appointed President, effective 1 December 2020. Gardner’s appointment is part of a broader set of actions taken under Flynn’s leadership, working with the Board of Directors, to ensure that Amtrak is well positioned for success in fiscal year […]
JACKSONVILLE, Fla. – November 30, 2020 – CSX Corp. (NASDAQ: CSX) today announced that it has signed a definitive agreement to acquire New England’s Pan Am Railways, Inc. (“Pan Am”), whose rail carrier subsidiaries comprise North America’s largest regional railroad. Headquartered in North Billerica, Massachusetts, Pan Am owns and operates a highly integrated, nearly 1,200-mile […]
CITING ITS OWN PRECEDENT ESTABLISHED BY THE 2014 GRAFTON CROSS-COURT BACKHAND GRAB, GRAFTON & UPTON RAILROAD TRIES TO PUT AWAY TOWN OF HOPEDALE IN STRAIGHT SETS TO WIN 155-ACRE FUTURE YARD PARCEL.
23.November, Hopedale MA — Grafton & Upton Railroad Company filed a Petition for Declaratory Order with the STB, seeking to preempt the Town of Hopedale MA from invoking state and local statutory impediments to G&U’s (prospective) acquisition and use of a Hopedale property, to which the railroad holds title. GU’s Petition asserts that Hopedale’s Massachusetts […]
A key interchange point and an occasional operational challenge for the Vermont Rail System and the Pan Am Southern located at Hoosick Jct., NY, is undergoing a makeover that will allow more streamlined operations and increased efficiency in the swapping of cars. Pan Am Southern has taken on the Hoosick Junction Expansion Phase 2 project, building […]
MASSACHUSETTS INDUSTRIAL RAIL ACCESS PROGRAM GENERATES RECORD $7 MILLION FREIGHT RAIL DEVELOPMENT, DESPITE PANDEMIC-REDUCED STATE CONTRIBUTION.
As with every state in the Year of the Coronavirus, Massachusetts’ coffers are drastically lower than anticipated at the beginning of 2020. In line with all Massachusetts government agencies confronted by the state’s pandemic budget deficit, the 2020 IRAP VIII program reduced its grant budget by 11% compared to 2019. But thanks in part to […]
CSX INTEREST IN PAS B&M ROUTE IMPLICITLY PUTS CSX B&A LINE ON THE BLOCK; ONLY ONE BUYER IS WILLING TO PAY THE PRICE.
A long-sought East-West passenger solution may be another dramatic discovery fallen out of Norfolk Southern’s recent filing with the STB, which divulges CSX’s advanced interest in partnering with NS on the B&M/Patriot Corridor line. Numerous advocates have publicly urged the Commonwealth of Massachusetts to impose itself in the Pan-Am sale, as an opportunity to secure […]
NS ALERTS STB THAT PROPOSED CSX/PAR VOTING TRUST ACQUISITION INSTRUMENT MAY VIOLATE 2008 PAS (NS/PAR) AGREEMENT AND MERITS BOARD SCRUTINY.
RELATED POST: Will CSX’s MA Mainline Become East-West Passenger Corridor? 06.November – Attorneys for Norfolk Southern Railways filed a letter with the Surface Transportation Board, arguing that a CSX acquisition of the PAS Patriot Corridor would fundamentally alter the region’s competitive dynamic, that the Board should involve itself from the very beginning of a transaction. […]
FINK'S LETTER TO EMPLOYEES REGARDING CSX SALE AFFIRMS WHAT IT DENIES.
09.November – The NS letter to STB blew up the railroading internet like a Broadway beauty parlor after opening night. PAR has done a great job of making sure that no news of the sale has gotten out, they couldn’t do anything about this bit getting in. It must have caused a stir. On Mon.09.Nov […]
Funds for major Norwalk River and Connecticut River projects on Metro-North and Amtrak
27, October-Washington DC–Two major bridge replacements in Connecticut will get USDOT ‘State of Good Repair’ grants, announced Transportation Secretary Elaine Chao, replacing the Norwalk (“walk”) bridge on Metro-North and the Connecticut River bridge on Amtrak between Old Saybrook and Old Lyme. Both movable bridges are long-time priorities, prone to malfunction and their replacement will mean […]