By incorporating Pan Am Systems, CSX is giving its PSR champions a juicy, low-hanging target to drive down O/R and still spare the rest of its already-there network.
Identifying the Real Competition CSX’s prospective acquisition of PAR presents an improvement in practically every aspect of New England’s rail industry. Simply by virtue of being a Class I railroad, they will certainly improve the track, rolling stock, operation, and reliability along every mile of the PAR/PAS network. They will connect New England shippers/receivers to […]
Competition will be enhanced by ensuring the independence and neutrality of PAS from CSXT as a means to reach New England rail shippers
In his Amended and Supplemented Verified Statement, William F. Huneke, former STB Chief Economist and a recognized consulting authority on railroad economics, presents his determination that Berkshire & Eastern (subsidiary of Genesee and Wyoming) will improve and enhance competition on the Pan Am Southern lines, as their dedicated contract operator. For Huneke’s discussion of four […]
Vermont Rail Systems and the Vermont Transportation Agency have raised some of the most serious objections to the proposed “merger” of PAR into CSX. Their primary concern is that, if G&W subsidiary Berkshire & Eastern is to be the operator of PAS, VRS will be “surrounded,” by G&W railroads at six of its seven gateways […]
Rail share of freight tons handled in New England is just over 3%, considerably below the national average of 8%.
(Among the many new sections in the Amended and Supplemented Application is a detailed review of PAR-line marketing prospects by recently-appointed CSX EVP Mark Wallace, presented as a Verified Statement. This article intends to gather the key excerpts from the Verified Statement. – Ed.) CSXT’s Executive Vice President Mark Wallace’s marketing plan touches upon CSXT’s […]
CSX's 01.July Amended and Supplemented Application to acquire Pan Am Systems is ~330% bigger than the original 25.February "Minor" version, and more than twice as long as the 26.April "Significant" version.
02.July.2021, Washington DC — CSX’s Amended and Supplemented Application to acquire Pan Am Systems (the holding company of the various Pan Am Railways assets) is ~330% bigger than the original 25.February “Minor” version, and more than twice as long as the 26.April “Significant” version that were rejected by the STB (Decisions 2, 3). So, […]
Giving New England's Class III railroads a stake in the revitalized rail network is not incompatible with CSX's strategic objective to complete a northeast land bridge between Port of Saint John NB and the interior.
On 25.May, the STB gave CSX a second Incomplete grade for its Application to acquire Pan Am Railways, forcing CSX to attend summer school and develop a third iteration of the Application to merge with Pan Am Railways. Will it yield the charm this proposed transaction desperately needs? The Board’s explanation of the ruling provides […]
04.June, Washington DC – Amtrak’s CEO Bill Flynn released a strongly-worded statement, reiterating the national passenger carrier’s objections to proposed transaction that will give CSX control of PAR properties and rights throughout New England. The statement is a reminder of the several serious concerns that Amtrak detailed in its 17.May STB filing, “Notice of Intent […]
03.June, Worcester MA – A prominent CSX spokesperson provided responses to five ANRP questions submitted last month, and one asked last week. This dialogue will continue as the Pan Am acquisition process progresses. ANRP has been working to understand and report on how today’s CSX would conduct itself as New England’s dominant carrier. Specifically, we […]
With apologies to Ernest Lawrence Thayer, author of "Casey at the Bat."
The outlook wasn’t brilliant for the Jaxville line that day; Applicants stood Oh-for-two with one last chance to play. When Minor hit ground in the yard, and Amended did the same, Applicants finally realized that, perhaps they held the blame. The Clippers were a last-place team atop a weak division, Aghast at their misery’s furtherance […]
G&W Filing for Pan-Am Southern Attempts to maintain competitive access for Vermont Rail System
On April 27th, CSX filed their revised bid for Pan-Am with the Surface Transportation Board in conjunction with a separate application Genesee & Wyoming to assume operation of Pan-Am Southern. This transaction reduces Vermont Rail System connecting carriers from 3 to 2. Certain markets (including the critical connections to CSX and NS) effectively go from […]