New England

Pan Am Railways is now part of CSX

New England short line Pan Am Railways is now officially part of CSX.

Jacksonville, Florida-headquartered CSX has completed its acquisition of Pan Am, which the railroad says will expand CSX’s reach into the rapidly growing Northeast region. 

The Surface Transportation Board approved CSX’s request to acquire Pan Am about six weeks ago. CSX first announced plans to acquire Pan Am in November 2020. 

“We are excited to welcome Pan Am’s experienced railroaders into the CSX family and look forward to...

https://www.freightwaves.com/news/pan-am-railways-is-now-part-of-csx

Regulators approve CSX’s acquisition of New England short line Pan Am

The Surface Transportation Board has approved CSX’s plan to acquire New England short line operator Pan Am Systems, putting to rest this merger proceeding.

Pan Am operates six subsidiary short lines. Its network extends from Maine to Boston and to Albany, New York.

In a Thursday announcement, the board said the acquisition, which includes voluntary commitments and settlement conditions agreed to by CSX, would not likely cause a substantial lessening of competition nor create a monopoly or...

https://www.freightwaves.com/news/regulators-approve-csxs-acquisition-of-new-england-short-line-pan-am

Springtime wintry storm hitting Northeast

An early spring storm that dumped more than 12 inches of snow in parts of the Upper Midwest earlier this week began moving into the Northeast Wednesday night. It’s losing steam, but may still impact truckers through Thursday night and into Friday.

Related: 5 states with toughest chain laws for truckers

Mixed precipitation will make roads messy and potentially hazardous from upstate New York to northern New England. The National Weather Service has issued winter weather advisories for the region.

De...

https://www.freightwaves.com/news/springtime-wintry-storm-hitting-northeast

Port of Boston gets new connection to Vietnam

The Port of Boston will be part of a trade route that starts in Yantian, China, and stops at Cai Mep, Vietnam, according to the Massachusetts Port Authority (Massport).

Massport said the new arrangement with international shipping line Zim will benefit New England companies seeking to increase business ties with Vietnam.

Zim’s biweekly service aims to connect Southeast Asia with the U.S. Northeast via the Suez Canal. The rotation will also have stops in Baltimore and New York. 

According to...

https://www.freightwaves.com/news/port-of-boston-gets-new-connection-to-vietnam

Weekend nor’easter could slam I-95 corridor

There’s an increasing likelihood of a major winter storm — a classic nor’easter — slamming parts of New England and the Canadian Maritimes over the weekend.

The storm will hit from Friday night through Sunday, impacting truckers along the Interstate 95 corridor.

Related: Chaining up: 4 pro tips for truckers

As of Wednesday morning, forecast model guidance was showing the worst conditions would hit eastern New England, including the Boston area, as well as eastern Long Island. New York City is not...

https://www.freightwaves.com/news/weekend-noreaster-could-slam-i-95-corridor

6 Takeaways from CSX’s Hearing on Pan Am Railways

The official focus of CSX’s recent hearing before the Surface Transportation Board was the company’s proposed acquisition of New England short-line railroad Pan Am Railways. But the dominant issues that surfaced — among them, passenger rail versus freight rail and competitive access to new markets — impact the freight rail industry as a whole as it seeks to position itself for more robust competition with trucking.

The following six themes, which played out at the two-day hearing, reflect...

https://www.freightwaves.com/news/6-takeaways-from-csxs-hearing-on-pan-am-railways

Lake-effect snow cranking in Northeast this week

After severe storms and tornadoes Saturday damaged parts of the Northeast close to the coast (Long Island and southern New England), lake-effect snow cranked up Sunday across interior portions of the region on the back side of a clipper system.

Related: 5 states with toughest chain laws for truckers

Official airport snow amounts ranged from 2.7 inches in Youngstown, Ohio, to 1 inch in Cleveland and only a half inch in Buffalo. This was the first accumulating snow of the season for these areas,...

https://www.freightwaves.com/news/lake-effect-snow-cranking-in-northeast-this-week

Stakeholders detail worries, support on CSX plan to acquire Pan Am Railways

Ensuring competitive access and fortifying passenger rail service are two of the goals that stakeholders want the Surface Transportation Board to achieve as it mulls CSX’s proposed acquisition of New England short line Pan Am Railways.

Opponents and skeptics about the acquisition want STB to make CSX (NASDAQ: CSX) fulfill a number of conditions as part of its approval — if the board approves the application at all — according to their recent filings.

Canadian Pacific is seeking to preserve the...

https://www.freightwaves.com/news/stakeholders-detail-worries-support-on-csx-plan-to-acquire-pan-am-railways

STB agrees to review CSX’s plans to acquire Pan Am Railways

A photograph of intermodal containers on a train.

Expect an April decision on whether federal regulators will allow CSX to acquire New England short line Pan Am Railways, according to the Surface Transportation Board. 

The board said Friday that it has accepted a request by CSX (NASDAQ: CSX) to consider CSX’s application to acquire Pan Am Railways.

The board’s decision sets a procedural schedule that will include deadlines for additional filings by the applicants, a public comment period that will look at transportation merits and environmental...

https://www.freightwaves.com/news/stb-agrees-to-review-csxs-plans-to-acquire-pan-am-railways

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