CSX to buy Pan Am Railways

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Why would they keep the Pan Am name? It's of no use to CSX. The big question is Why does CSX want PanAm? CSX has been selling off parts of its system for years, why buy a railroad in New England?
 
There's speculation that they are looking to get to Saint John, NB for intermodal traffic. If so, that will require oodles of money to bring the Pan Am main line up to higher speeds north of Waterville. Right now, most--if not all--of it is a 10 MPH railroad. Sad.
 
For those that don't click on the link, the plan was rejected in its current form. CSX asked the STB to treat the proposed acquisition as a “minor transaction.” The STB disagreed and ruled that it is a "major transaction." CSX is going to submit a new, more detailed, application.
 
CM&Q Central Maine & Québec Railway currently own by CP rail. CP rail is trying to buy the KCS Kansas City Southern Railway. CN and CP are fighting over KCS. Not sure what CP rail position would be with the CSXT bid for Pan Am, other to protect there business.
 
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