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Eastern Railroad Discussion > Pan Am Railways up for Sale


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Date: 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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