Jacksonville, Florida-based Gulf & Atlantic Railways is acquiring the Pioneer Valley Railroad in Massachusetts and operating the revamped Grenada Railroad.
CSX has completed its acquisition of New England short line Pan Am Railways. CSX first announced plans to acquire Pan Am in November 2020.
The Surface Transportation Board gives the green light for CSX to acquire Pan Am Railways.
From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.
Stakeholders and observers such as Amtrak, Canadian Pacific and the Vermont Department of Transportation want the Surface Transportation Board to consider placing conditions that would bolster both competitive access and passenger rail service.
The Surface Transportation Board has accepted CSX’s revised application to acquire Pan Am Railways, allowing the acquisition proceedings to continue.
CSX hopes an expanded application containing a more in-depth market analysis will persuade the Surface Transportation Board to approve CSX’s request to acquire Pan Am.
CSX needs more data in its market analysis, the Surface Transportation Board said. CSX plans to resubmit its application.
CSX must again file its plans to acquire New England short line Pan Am Railways as a “significant” transaction.
STB Chair Marty Oberman shares the board’s views on two proposed acquisitions: CSX’s acquisition of New England short line Pan Am Railways and Canadian Pacific’s merger with Kansas City Southern.
Short line operator Vermont Rail System and legislators from Vermont and Massachusetts question how CSX and Norfolk Southern would handle joint ownership of Pan Am Southern because it would involve a competing short line railroad
