Pan Am Railways

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

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

Canadian Pacific, CSX nail down support for acquisitions

The Class I railroads seeking to acquire or merge with other freight railroads want to prove to federal regulators and the broader public that their proposed acquisitions would benefit passenger rail and local communities.  

The support comes at a time when the Biden administration seeks to expand intercity passenger rail service, while last year’s infrastructure package also addressed potential intercity rail opportunities.

First off, Amtrak is lending support to Canadian Pacific’s proposed...

https://www.freightwaves.com/news/canadian-pacific-csx-nail-down-support-for-acquisitions

Rail Roundup: STB sees flurry of activity ahead of holidays

A photograph of intermodal containers parked in a rail yard.Senate confirms STB nominee to take spot of outgoing board member Begeman

President Joe Biden appointed Karen Hedlund last week to serve as a member of the Surface Transportation Board after the Senate confirmed the nomination. 

She replaced Ann Begeman, whose time at STB ended on Friday with Hedlund’s appointment. Hedlund has yet to be sworn in. 

When Biden nominated her last April, Hedlund was described as a rail expert who has served as a legal adviser at the federal, state and local levels and...

https://www.freightwaves.com/news/rail-roundup-stb-sees-flurry-of-activity-ahead-of-holidays

Surface Transportation Board wants input on hot topics

A photograph of a rail cars parked in a rail yard.Board seeks to create an environmental impact statement on proposed CP-KCS merger

An office within the Surface Transportation Board plans to prepare an environmental impact statement (EIS) on Canadian Pacific’s (NYSE: CP) proposed acquisition of Kansas City Southern (NYSE: KSU).

STB’s Office of Environmental Analysis on Friday issued a notice of intent to produce the EIS because “the proposed acquisition has the potential to result in environmental impacts,” STB said. STB will conduct an...

https://www.freightwaves.com/news/surface-transportation-board-wants-input-on-hot-topics

STB keeps busy with mergers, last-mile data, reciprocal switching

A photograph of a KCS locomotive rolling on train tracks.

As the Surface Transportation Board considers the proposed merger between Kansas City Southern and Canadian Pacific, on the forefront of stakeholders’ minds will be how the two will transition their operations to serve one network, according to two transportation attorneys speaking at FTR’s virtual conference last week.

The KCS-CP merger is one of many issues that could keep board members busy through the end of this year and into the next.

Stakeholders will be watching how KCS (NYSE: KSU) and CP...

https://www.freightwaves.com/news/stb-keeps-busy-with-mergers-last-mile-data-reciprocal-switching

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

CSX resubmits application to acquire Pan Am Railways

CSX has resubmitted its application to acquire New England short line Pan Am Railways, saying the new filing provides a more in-depth market analysis that federal regulators were seeking.

The railroad is seeking to prove to regulators and existing and potential Pan Am customers how the acquisition would provide more modal options, including shifting more shipments from truck to rail in order to take advantage of environmental benefits, according to CSX (NASDAQ: CSX).

The acquisition would benefit...

https://www.freightwaves.com/news/csx-resubmits-application-to-acquire-pan-am-railways

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