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CSX to buy Pan Am Railways

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Trogdor

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

MikefromCrete

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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?
 

jis

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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

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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.
 
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cocojacoby

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May 13, 2014
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Before this pending sale, Pan Am has been awarded a couple of grants to upgrade their line which will help a lot.
 
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