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 […]
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 […]
26.April, Washington DC – The Surface Transportation Board invited public comments on the proposed procedural schedule for the sale of Pan Am Railways/Pan Am Southern. In the STB Decision No. 1 on the original filing for the sale, served and published on 25.March, the Board accepted the February 25 submission as a prefiling notification, thus […]
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. § […]
UPSTART ROAD SALT DISTRIBUTOR USES RAIL TO PUSH OCEAN SALT INTO NORTHERN STATES
20.January, East Providence RI — A short string of covered hoppers headed out behind the P&W, loaded with salt drayed from Fall River MA, and bound for Shelburne VT — and on the way changing everything that’s known about sourcing road salt in New England. Upstart salt distributor Saltine Warrior has carved a new rail-based […]
31.March – Calgary AB and Kansas City MO – Canadian Pacific Railway Limited and Kansas City Southern today announced they have received statements from nearly 260 shippers, other railroads, economic development authorities, ports, and other supporters for their planned combination that would create the first rail network connecting the U.S., Mexico, and Canada. Many of […]
New comprehensive maps of PAS Following a suggestion from an ANRP subscriber, we will provide access to these comprehensive maps in each article concerning the Pan Am Southern trackage. Maps and captions are derived from STB filings. Additional reference PAR East End (‘Keag-Ayer) comprehensive map CSX-PAR Transaction comprehensive STB proceedings Get your glasses, or click […]
25.March, Washington DC – The Surface Transportation Board’s decision that CSX acquisition of Pan-Am is a “Significant Transaction” is based on both anti-competitive concerns regarding Genesee & Wyoming as operator of Pan Am Southern, and also on concerns raised by the state of Massachusetts regarding the PAR-proper portion of the transaction (non-PAS lines). As part […]
24.March, Washington, DC – With the STB set to release the official Decision on Thursday, 25.March, a review of prior rail transactions that were upgraded from a Minor to a Significant Transaction by the Board have set a precedent that, if followed, would send the Applicants back to the drawing board to file the Acquisition […]
(MAPS TO COME – Ed.) 22.March, Washington DC – M4 Capital Group, which “[specializes] in the rail asset and infrastructure financing and investment” {LinkedIn}, has filed an “ALTERNATIVE PURCHASE AND OPERATION PLAN” to acquire the Conn River Line, and operate it as the Connecticut River Railroad. M4’s filing seizes upon the many expressed concerns about the potential […]