CSX to buy Pan Am Railways

[Trogdor]

CSX.com - CSX to Acquire Pan Am Railways in New England

CSX is a leading supplier of rail-based freight transportation in North America. But there's more to CSX than you might expect. Learn all about CSX and discover what we're doing for our customers, environment and communities. Visit http://www.csx.com/.

www.csx.com

Will be interesting if they keep the rights to the Pan Am name or sell it off.

 

[MikefromCrete]

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?

 

[jis]

This is just to keep NS from getting too much of a foothold in the Boston market. I am sure CSX will sell off quite a bit of PanAm in dribs and drabs as time passes.

 

[Palmetto]

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.

 

[cocojacoby]

Before this pending sale, Pan Am has been awarded a couple of grants to upgrade their line which will help a lot.