CSX Refiles Pan Am Merger Application

CSX last week submitted to the U.S. Transportation Board an amended application to acquire New England regional railroad Pan Am Railways.

The agency had rejected an earlier merger application  as “incomplete.” CSX said the document it filed with federal regulators is an “amended and supplemented application” that “provides all of the additional details of the proposed transaction requested by the STB.”

If the CSX application is approved it would extend the Class 1 railroad in Vermont, New Hampshire and Maine.

Pan Am operates a 1,200-mile rail network across New England and has a partial interest in the 600-mile Pan Am Southern system, jointly owned with Norfolk Southern.

In a statement, CSX CEO James Foote said the expanded application explains the benefits of the proposed acquisition for stakeholders in New England and beyond.

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