STB Accepts CSX-Pan Am Merger Application

In its third effort to submit a merger application to federal regulators to gain permission to acquire Pan Am Railways CSX has found success.

The U.S. Surface Transportation Board accepted the application after rejecting two earlier applications as incomplete.

If regulators follow the review schedule outlined this week and approve the transaction, the New England regional carrier could become a fallen flag on May 1, 2022.

Comments on the proposed merger are due by Aug. 27 with final briefs due by Jan. 2, 2022.

If approved, the acquisition would greatly expand CSX’s presence in New England.

The merger was initially announced in November 2020. At the time, CSX was seeking to have it reviewed as a minor transaction that would require less scrutiny.

But STB members disagreed and said the acquisition is a significant transaction.

CSX executives say they are confident regulators will approve the transaction.

Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: