NS Supports CSX-Pan Am Deal

Norfolk Southern has told the U.S. Surface Transportation Board that it approves of the CSX bid to acquire Pan Am Railways.

In a filing with the STB dated March 19, NS said it has resolved with CSX its initial concerns about the transaction.

The NS fling also expressed support for CSX’s request that the acquisition be considered a “minor” transaction and thus not subject to the extensive review that comes with a “significant” transaction.

“There is no basis for the board to reclassify or reject the application,” NS said in its filing.

NS said that the CSX plan “provides sufficient protections for the competitive structure currently in play in the Northeast United States.”

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