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Rail News Home M&A

8/30/2021



Rail News: M&A

CSX touts additional endorsements of proposed Pan Am merger


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CSX announced today that support for its pending merger with Pan Am Railways Inc. continues to grow as several additional letters of support were recently filed with the Surface Transportation Board (STB), bringing the total to more than 100 pro-merger comments.

Both U.S. senators from Maine — Angus King (I) and Susan Collins (R) — recently submitted letters of support. Also weighing in is the Connecticut Department of Transportation (CTDOT), which cited how CSX’s planned investments to the Pan Am infrastructure will benefit the state, freight shippers and passenger rail, CSX officials officials said in a press release.

Connecticut’s letter for support follows that of the Northern New England Passenger Rail Association (NNEPRA) which, after coming to a resolution on a few issues related to station locations and maintenance concerns, also submitted a letter of support.

Copies of the support letters, and additional information on the merger can be found by visiting NEFreightRail.com.

On July 30, the STB formerly accepted CSX's revised application for consideration, which was filed earlier last month as part of an agreement to acquire Pan Am Railways.



Contact Progressive Railroading editorial staff.

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