20.04.2022
Artikel Nummer: 40484
Takeover of Pan Am Railways authorised
The Surface Transportation Board (STB) in USA has approved CSX’s application to acquire Pan Am Railways. CSX can thus move forward with its plan to close the transaction by 1 June 2022.
The US class I railway will operate Pan Am with a more reliable and more fuel-efficient fleet, significantly reducing fuel consumption and improving rail’s environmental footprint in the region.
Headquartered in North Billerica, Massachusetts, Pan Am owns and operates a highly integrated, over 1,930 km rail network and has a partial interest in the more than 965 km Pan Am Southern system. Pan Am’s network in New England has access to multiple ports and large-scale commodity producers. (ben)