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Eastern Railroad Discussion > Pan Am Railways up for SaleDate: 06/29/20 14:04 Pan Am Railways up for Sale Author: JPB Pay wall likely:
https://trn.trains.com/news/news-wire/2020/06/29-new-england-regional-pan-am-railways-for-sale?fbclid=IwAR0-PCgtZK2iBjUYmW14_IIEox6iwnfX0pQRfi7mv8q9hccL4eHcn4oDyTY Intro paragraph:"BILLERICA, Mass. — New England regional Pan Am Railways is for sale.The privately held company, owned by 78-year-old Tim Mellon and other investors, has enlisted BMO Financial Group to assist with a potential sale transaction, according to multiple railroad industry sources.Pan Am officials did not respond to a request for comment..." Edited 1 time(s). Last edit at 06/29/20 14:12 by JPB. Date: 06/29/20 15:24 Re: Pan Am Railways up for Sale Author: Juniata This could be a natural fit with G&W’s St. Lawrence & Atlantic.
Edited to add: And NS could purchase full ownership in the Pan Am Southern line although I have my doubts current management could think that strategically. Posted from iPhone Edited 1 time(s). Last edit at 06/29/20 15:27 by Juniata. Date: 06/29/20 15:29 Re: Pan Am Railways up for Sale Author: toledopatch Juniata Wrote:
------------------------------------------------------- > This could be a natural fit with G&W’s St. > Lawrence & Atlantic. Do regulators and/or public officials in New England really want Genesee & Wyoming to control that much more of the region's rail service? Date: 06/29/20 16:36 Re: Pan Am Railways up for Sale Author: BarstowRiff Hopefully we'll see the end of a railroad named after a failed, bankrupted airline. Boston and Maine anybody??
Date: 06/29/20 17:05 Re: Pan Am Railways up for Sale Author: SantaFeRuss BarstowRiff Wrote:
------------------------------------------------------- > Hopefully we'll see the end of a railroad named > after a failed, bankrupted airline. Boston and > Maine anybody?? "Maine Central". SantaFeRuss Edited 1 time(s). Last edit at 06/29/20 17:06 by SantaFeRuss. Date: 06/29/20 17:07 Re: Pan Am Railways up for Sale Author: ferroequinologist Why not? a hundred years ago, Boston & Maine controlled more than is now for sale, and there were fewer regulations?
Date: 06/29/20 17:40 Re: Pan Am Railways up for Sale Author: MC6853 How about Boston & Maine Central, the name the combined system should have had? Reporting mark could be BMEC...
Where'd "Guilford" come from, anyway? Edited 1 time(s). Last edit at 06/29/20 17:42 by MC6853. Date: 06/29/20 18:01 Re: Pan Am Railways up for Sale Author: Shortline614 MC6853 Wrote:
------------------------------------------------------- > How about Boston & Maine Central, the name the > combined system should have had? Reporting mark > could be BMEC... > > Where'd "Guilford" come from, anyway? Guilford was named after the town which Tim Mellon grew up in. Date: 06/29/20 18:50 Re: Pan Am Railways up for Sale Author: MEKoch CP might be in an expanding mood and looking for ports on the Atlantic Ocean.
Date: 06/30/20 03:13 Re: Pan Am Railways up for Sale Author: JPB Forget who buys the Pan Am routes (But I'll bet $2 on NS buying PAS (ie, Ayer and west) and G&W buying PAR (ie, Worcester and northeast))!
Who gets Pan Am's excellent OCS equipment? ;-) Edited 1 time(s). Last edit at 06/30/20 03:19 by JPB.    Date: 06/30/20 04:15 Re: Pan Am Railways up for Sale Author: GPutz NS will Immediately sell it. Does G&W have something similar? Gerry
================================ JPB Wrote: ------------------------------------------------------- Who gets Pan Am's excellent OCS equipment? ;-) Date: 06/30/20 05:23 Re: Pan Am Railways up for Sale Author: Molino Well if they don't want the office cars you can always find one of these on EBay!
 Date: 06/30/20 06:57 Re: Pan Am Railways up for Sale Author: bluesboyst Hopefully a railroad that wants to expand business and serve the customers...not some investors that just want to make a fast buck and leave rubble behind.....
Date: 06/30/20 07:14 Re: Pan Am Railways up for Sale Author: RFandPFan Does NS already own part of Pan Am?
Posted from iPhone Date: 06/30/20 07:21 Re: Pan Am Railways up for Sale Author: Lackawanna484 RFandPFan Wrote:
------------------------------------------------------- > Does NS already own part of Pan Am? > > Posted from iPhone Indirectly, yes. Norfolk Southern and Pan Am jointly own an LLC operating company which brands itself Pan Am Southern. The Boston & Maine, and Springfield Terminal also have interests in the deal. Here's a 2009 STB directive https://www.stb.gov/decisions/readingroom.nsf/WebDecisionID/39179 Date: 06/30/20 07:22 Re: Pan Am Railways up for Sale Author: JPB bluesboyst Wrote:
------------------------------------------------------- > Hopefully a railroad that wants to expand business > and serve the customers...not some investors that > just want to make a fast buck and leave rubble > behind..... Good point - first order of business is to remove the “rubble” Pan Am leaves behind! Posted from iPhone Date: 06/30/20 09:06 Re: Pan Am Railways up for Sale Author: Off-pending > -----
> Who gets Pan Am's excellent OCS equipment? ;-) A set of F units painted up in Norfolk Southern scheme would look classy pulling the NS business train. Oh, nevermind. Posted from iPhone Date: 06/30/20 11:08 Re: Pan Am Railways up for Sale Author: BuddPullman Is the former Wabash "Blue Bird" Vista Dome Coach sold separately?
Date: 06/30/20 11:18 Re: Pan Am Railways up for Sale Author: SantaFeRuss Split Pan Am between Norfolk Southern and Canadian Pacific or Candian National and Norfolk Southern.
SantaFeRuss Date: 06/30/20 12:19 Re: Pan Am Railways up for Sale Author: BarstowRiff Norfolk Southern already owns half of the westend (West of Ayer) through the PanAm Southern.
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