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, […]
The project is expected to take four years to design and five years to build at a cost of about $400 million.
21.June.2021, Boston MA – The MBTA awarded a contract for design and engineering planning of a ten-mile third track along the Worcester Line between Wellesley and Framingham. Earlier in the week (17.June), the MBTA and Newton MA mayor Ruthanne Fuller announced an agreement to proceed with design for major upgrades to the city’s decrepit Newtonville, […]
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 […]
22.April – Washington DC – The STB has set forth a series of Decisions regarding the procedural schedule for the Pan Am Railways acquisition by CSXT and related transactions. On 1.April, the applicants filed a petition to establish a revised procedural schedule as directed by the Board in Decision No. 1. Under 49 U.S.C. § […]
01.April, Washington DC – As requested by the Surface Transportation Board following its decision to upgrade the CSXT Acquisition of Pan Am Systems and related transactions from a Minor to a Significant Transaction, CSXT has refiled its suggested procedural schedule for review. On March 25, in the Decision filed under the Federal Register by the […]