David “Dave” Andrew Fink, former President of Guilford Transportation Industries, died Oct. 11. He was 86. Also, John M. Lewis Jr. is stepping down as CEO of Charlotte Area Transit System (CATS), and Jim Umpleby will continue to lead Caterpillar Inc. following a waiver of the company’s retirement policy.
CSX on June 1 reported completing its Pan Am Railways, Inc., acquisition, six weeks after the Class I railroad received regulatory approval from the Surface Transportation Board (STB). Transaction terms were not disclosed.
All five Surface Transportation Board members on April 14 signed off on CSX’s proposal to acquire Pan Am Systems, Inc., and its short line railroad subsidiaries, effective May 14.
Vermont Transportation Agency (VTrans) and Vermont Rail System (VRS) have reached a settlement agreement with CSX, Norfolk Southern (NS) and Genesee & Wyoming (GWI) that resolves their concerns about competition if CSX and Pan Am merge.
The Surface Transportation Board (STB) on Dec. 10 reported that it will hold a virtual public hearing on the revised CSX-Pan Am merger application, and affirmed that an environmental and historic review of the proposed combination is not required.
The American Short Line and Regional Railroad Association has recognized four members as 2021 Business Development Award honorees: Iron Horse Resources (IHR), Lake State Railway Co. (LSRC, Railway Age’s 2018 Short Line of the Year), Pan Am Railways, and R.J. Corman (Railway Age’s 2007 Short Line of the Year, West Virginia Line).
