Pan Am Southern

CSX Amends, Re-files Pan Am Railways Acquisition Application with STB

On May 26, The Surface Transportation Board rejected as “incomplete” the merger application filed by CSX Transportation, Inc. to acquire control of Pan Am Systems, Inc. and its short line railroad subsidiaries. CSX on July 1 submitted an “amended and supplemented application” to the STB, stating that the refreshed application “provides all of the additional details of the proposed transaction requested by the STB.”

CSX Wants Pan-Am. NS Says ‘Not So Fast’

Shades of the battle between CSX and Norfolk Southern that occurred some 25 years ago over Conrail, but on a smaller scale: CSX is in negotiations to acquire Pan Am Railways, the 1,700-mile Class II previously known as the Guilford Rail System, itself the amalgamation of the Boston & Maine, Maine Central, Portland Terminal Company and Springfield Terminal Railway. NS, in a Nov. 6 filing with the Surface Transportation Board, is opposing the transaction.