FOURTEEN STATE LEGISLATORS LIST REGIONAL CONSIDERATIONS FOR SEC'Y POLLACK TO INSERT INTO PROSPECTIVE SALE
December 16, 2020 Stephanie Pollack Secretary of Transportation Massachusetts Department of Transportation 10 Park Plaza, Suite 4160 Boston, MA 02116 Dear Secretary Pollack: RE: Pam Am Railways Inc Acquisition by CSX Corp. On November 30, 2020, CSX Corp. (CSX) announced that it has signed a definitive agreement to acquire Pan Am Railways, Inc. (Pan […]
NORFOLK SOUTHERN HAS PUT A LOT INTO PAN AM SOUTHERN, AND EVERYONE ELSE HAS BENEFITED. PAR SALE WILL QUALIFY AS CHANGE OF CONTROL, AND PUT NS IN THE PATRIOT CORRIDOR DRIVER'S SEAT.
Pan Am Southern (PAS) is often lumped in as part of, or the same as, Pan Am Railways (PAR); the two are commonly interchanged in conversation. In fact, PAS is an independent, incorporated railroad entity, that owns and operates several hundred miles of former PAR property, transferred to PAS in 2008. In consideration for that […]
THE PAN-AM TEAM HAS A LOT TO BE PROUD OF. IT IS WORTH REFLECTING ON THE WAYS THAT SHIPPERS, WORKERS, AND REGIONAL COMMERCE HAVE BENEFITED UNDER THE LEADERSHIP OF DAVID A FINK AND OTHER PAN AM MANAGERS IN THE PAST DECADE.
The early years of Guilford Transportation were contentious. The company sharply reduced maintenance and endured two bitter strikes as it reduced crew size and total employment. More than half the traffic vanished. Allegations of poor service and a series of rule violations tarnished the company’s reputation. It was with some surprise when I read 20 […]
So, CSX, you’ve just bought the largest regional railroad. Let’s take a look at what you have and what is unique about this region you’ve expanded into. Do you really need our advice? Maybe not – CSX is already the leading class 1 in regards to reliable service and customer connection. CSX already toured the […]
RIGHT ON SCHEDULE: PROPOSED PAR OCS LEGO TRIBUTE NEEDS YOUR VOTE TO GET INTO THE LEGO KIT CATALOGUE
Shortbricks, a brotherly duo of LEGO kit designers, has developed a Lego tribute to the Pan Am Office Car Special. It’s quite something, with detailed engine bay and sumptuous interior. LEGO gauges consumer interest through a public plebiscite, conducted by registrants on the LEGO IDEAS website. If you would like the opportunity to gift the […]
Winners Port of Saint John/ J.D. Irving/Irving Limited PSJ gets a third Class 1 to compete for traffic to the Midwest and Northeast, likely to include crude oil for Irving in the future. However, CN appears uninterested in container traffic from Halifax to the northeast, considering it as short-haul. Canadian National Railways CSX and CN […]
PAR: ANNOUNCES SALE AGREEMENT TO EMPLOYEES
CSX: ANNOUNCES SALE TO PUBLIC AND CUSTOMERS
NS: ISSUES CAUTIOUS STATEMENT IN PRESS
Pan Am Announcement to Employees 30.November, Billerica MA — In a letter to employees circulated Monday afternoon (but apparently written two weeks ago) Pan Am Railways President David A. Fink announced that PAR is to be sold to CSX, pending regulatory approval. CSX Announcement to Public and Customers 30.November, Jacksonville FL — CSX President/CEO Jim […]
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 […]
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. […]
