 | |
| Company type | Subsidiary |
|---|---|
| Industry | Rail transport |
| Founded | 1981 (as Guilford Transportation Industries) |
| Founder | Timothy Mellon |
| Defunct | June 1, 2022 as an independent company |
| Fate | Purchased by CSX Corporation |
| Successor | CSX Transportation |
| Headquarters | , |
Area served | Northeast |
Key people | Timothy Mellon David Fink David A. Fink |
Number of employees | 750 (2011) |
| Parent | CSX Transportation (CSX Corporation) |
| Subsidiaries | Boston and Maine Corporation Maine Central Railroad Company Portland Terminal Company Springfield Terminal Railway Company Stony Brook Railroad |
| Website | panamrailways |
Pan Am Railways, Inc. (PAR) is a subsidiary of CSX Corporation that operates Class II regional railroads covering northern New England from Mattawamkeag, Maine, to Rotterdam Junction, New York.[1] Pan Am Railways is primarily made up of former Class II regional railroads such as Boston and Maine Corporation, Maine Central Railroad Company, Portland Terminal Company, and Springfield Terminal Railway Company. It was formerly known as Guilford Transportation Industries and was also known as Guilford Rail System. Guilford bought the name, colors, and logo of Pan American World Airways in 1998.
The company is a subsidiary of CSX Corporation under rail subsidiary CSX Transportation since June 1, 2022,[1] Pan Am Railways former parent company was Portsmouth, New Hampshire-based Pan Am Systems. It was headquartered in Iron Horse Park in North Billerica, Massachusetts.[2]
Pan Am Railways parent Pan Am Systems was put up for sale in July 2020.[3] On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board,[4][5] which approved the sale on April 14, 2022.[6] At midnight on June 1, 2022, CSX Corp began operating Pan Am Railways as a subsidiary of CSX Transportation; Pan Am Systems ceased operations.
- ^ a b "CSX.com - CSX Completes Acquisition of Pan Am Railways". www.csx.com (Press release). June 1, 2022. Retrieved 2022-06-03.
- ^ "Transload and Warehouse Sites". panamrailways.com. Pan Am Railways. 2018. Retrieved December 1, 2020.
Pan Am's headquarters location at Iron Horse Park in North Billerica, MA.
- ^ "Maine's Biggest Railroad Is For Sale". MPBN.org. July 2020. Retrieved July 1, 2020.
- ^ "CSX to Acquire Pan Am Railways in New England" (Press release). Jacksonville, Florida: CSX Corp. November 30, 2020.
- ^ Luczak, Marybeth (November 30, 2020). "Definitive? CSX Acquiring Pan Am Railways". Railway Age.
- ^ "STB Approves CSX-Pan Am Combination". RailwayAge. April 14, 2022.