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8/2/2021
The Surface Transportation Board (STB) last week announced a decision accepting for consideration the revised merger application filed by CSX to acquire control of Pan Am Systems Inc. and its short-line subsidiaries.
The board's decision preliminarily determines that environmental and historic review is not necessary, and requests additional environmental information from CSX, STB officials said in a press release.
The decision also establishes a procedural schedule for the proceeding, including deadlines for additional filings by the applicants, a period for public comment on the transportation merits as well as a period for environmental comments and a deadline for a final STB decision.
On May 26, the STB found that CSX's merger application was incomplete and permitted them to file a revised application. In last week’s decision, the board determined that the applicants' revised application meets the informational requirements for a "significant" transaction application, including with respect to the market analysis and the operating plan.
The STB's decision may be viewed and downloaded here.