LONG UNDERSERVED, MANY RAIL OPPORTUNITIES EXIST IN MAINE'S FOREST PRODUCTS INDUSTRY
Maine forest product mills produce +/-90,000 truckloads of forest products each year, about 2/3 of which is paper and pulp, and the remainder processed wood (lumber, chips). Nearly all of that output is shipped out of the state. Truck is by far the dominant transportation mod for both finished export and internal movement of feedstocks and […]
MADOT UNVEILS "PATRIOT CORRIDOR DOUBLE-STACK CLEARANCE PROJECT" TO TACKLE 23 HEIGHT OBSTRUCTIONS ON PAS, TO QUALIFY ROUTE AS A LAND BRIDGE.
Patriot Corridor Survey In 2012, USDOT allocated $16.9 million for 12 projects nationwide designed to relocate, replace or improve segments of track. The funds were distributed through the FRA Rail Line Relocation and Improvement grant program. Of those funds, MADOT received $2 million for the Patriot Corridor double-stack clearance initiative, to conduct a 360º laser clearance […]
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 […]
The official press release
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. […]
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 […]
STRANGERS ON THE TRAIN INDICATE PAR SALE ON A COMPLETELY DIFFERENT TRACK THAN EVERYONE EXPECTED. CSX, NS, AND CONRAIL SENIOR EXECUTIVES COMB EAST DEERFIELD AND MECHANICVILLE YARDS.
15.October, East Deerfield MA – After weeks running back and forth along the PAR Main Line beneath peaking New England foliage, leaving only a churning wake of fluttering fallen leaves and head-scratching speculation, the post-PAR world is taking some shape. After disposing of countless rumors and gathering the few plausible truths, a surprising but sensible prospect has emerged to resolve the […]