CSX Completes Merger with Pan Am Railways

CSX completed its takeover of Pan Am Railways on Wednesday.

The New England-based regional railroad became a fallen flag at 12:01 a.m., six weeks after the U.S. Surface Transportation approved the merger.

The merger extends CSX farther into New England. The deal involves merging six railway companies into CSX and grants trackage rights to other carriers on lines of four other railroads, including CSX, Providence & Worcester, Boston & Maine, and Pan Am Southern.

Norfolk Southern gains a new route to move intermodal and automobile trains from Voorheesville, New Yori, to Ayer, Massachusetts.

The Pittsburg & Shawmut Railroad, a subsidiary of Genesee & Wyoming that does business as the Berkshire & Eastern Railroad, will replace Springfield Terminal as the operator of Pan Am Southern.

Federal regulators established a five-year oversight period to monitor the effectiveness of the various conditions they imposed on the merger.

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