CSX (NASDAQ: CSX) will buy short line Pan Am Railways after all.
The Eastern U.S. railroad said Monday that it has signed a definitive agreement to acquire the railroad. Financial terms weren’t disclosed.
CSX has been considering purchasing the New England short line for weeks, according to reports.
CSX says Pan Am’s subsidiaries make Pan Am the largest regional railroad in North America. The short line operates nearly 1,200 miles of track across New England, with access to multiple ports and...
https://www.freightwaves.com/news/csx-confirms-plans-to-acquire-pan-am-railways