CSX Amends STB Petition in Pan Am Case

CSX this week amended its application to acquire Pan Am Railways in the wake of the U.S. Surface Transportation Board ruling that the transaction is a “significant” one that will receive close scrutiny from regulators.

The Class 1 carrier had sought to have the deal reviewed as a “minor” transaction that would have received less review.

In a statement, the STB said the CSX deal involves Class I and II carriers and therefore is significant but not major, which applies only to transactions involving Class I railroads.

The STB also noted the CSX acquisition of Pan Am could have a major effect on shippers’ competitive access to rail.

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