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CSX Corporation (NYSE:CSX), Norfolk Souther Corporation (NYSE:NSC) - CSX Seeks STB Approval Of Pan Am Railways Acquisition


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Eastern U.S. railroad
CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its intermodal presence in the region.
The company on Thursday submitted its application to the Surface Transportation Board. The application includes a request both to acquire the Pan Am System, which includes Pan Am Railways, and a 50% ownership of Pan Am Southern (PAS). 
CSX is excited to introduce our customer-centric focus, supply chain solutions and industry-leading operating model to shippers and industries served by Pan Am, CSX said in a statement Friday. The decision to acquire Pan Am reflects CSX s interest in leveraging its best-in-class service and safety to improve rail s competitiveness with other transportation modes and to reduce the number of trucks operating in New England. ....

United States , Stony Brook , Springfield Terminal Railway , Vermont Massachusetts Railway , Northern Railroad , Maine Central Railroad , Stony Brook Railroad , Maine Corp , New England , Pan Am Railways , Surface Transportation , Pan Am System , Pan Am Southern , Pan Am Systems , Portland Terminal , Norfolk Southern , Springfield Terminal , ஒன்றுபட்டது மாநிலங்களில் , ஸ்டோனி சிற்றாறு , ஸ்பிரிங்ஃபீல்ட் முனையத்தில் ரயில்வே , வெர்மான்ட் மாசசூசெட்ஸ் ரயில்வே , வடக்கு இரயில் பாதை , மைனே மைய இரயில் பாதை , ஸ்டோனி சிற்றாறு இரயில் பாதை , மைனே கார்ப் , புதியது இங்கிலாந்து ,