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.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.
The end of 2021 brings the confirmation of a Surface Transportation Board member and approvals of short line requests.
The board has said it plans to seek input on the environmental impacts of the CP-KCS merger; CSX’s planned acquisition of Pan Am Railways; Amtrak’s plan to restore its Gulf Coast service; and reciprocal switching.
2022 could be a busy year for the Surface Transportation Board if it decides to tackle a number of long-standing, hot-button issues.
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.
