Pan Am and CSX’s merger the latest in long history of Maine railways changing hands

Pan Am Railways, Maine’s largest rail operator, will merge with Jacksonville, Florida-based CSX Transportation, the fourth-largest rail transportation company in the U.S. — the latest in a long line of mergers and acquisitions for rail service in Maine and in the Bangor area.

The U.S. Department of Transportation’s Surface Transportation Board on Thursday announced that it had approved the merger, which was nearly two years in the making.

Pan Am owns rail lines and provides rail service on a freight rail network in New England that stretches as far north as Mattawamkeag and as far south as Springfield, Massachusetts, and west to Schenectady, New York. The new ownership will not affect the operations of Amtrak’s Downeaster service, which offers passenger service on private tracks from Brunswick to Boston.

Source link

Leave a Reply

Your email address will not be published.