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Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Thu Jul 29, 2021 6:35 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

The effective date will be 5/1/22 not 3/1. It will be posted tomorrow.

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Sat Jul 24, 2021 9:44 am ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

From my vantage point, there remains possibility at this time that CSX will use their 50% ownership and control of PAS to facilitate movement of at least some B&A traffic east of Springfield onto PAS to make way for the E-W passenger rail project, or at least to provide a hedge until the full p...

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Tue Jun 29, 2021 8:28 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

Thanks for this info about NS funded upgrades Actually the Hill Yard improvements are funded by a MassDOT IRAP. Neither NS nor PAR directly fund capital work on PAS. PAS can only invest back into the plant what they can generate for cash. Pan Am Southern had a multi phase plan to untangle the yard....

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Sun Jun 20, 2021 8:49 am ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

Here's my take on where CSX's interest lies with the Pan Am acquisition. (1) Forest products (2) Energy (3) Everything else This, plus the theory going around the other Class Is that CSX is buying PAR simply to offset the huge Capital gains they made on the Virginia deal. This is why they have conc...

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Sun Jun 13, 2021 2:10 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

eolesen wrote: STB turned it down, so I can't imagine any financial or breakup penalties would kick in.
A non-refundable down payment is pretty standard in these type of transactions.

Re: Potential PAR/PAS Traffic Growth

 by NYC27 ¦  Thu Jun 03, 2021 3:18 pm ¦  Forum: Pan Am Southern (PAS) / Berkshire Eastern Railroad ¦  Topic: Potential PAR/PAS Traffic Growth ¦  Replies: 316 ¦  Views: 76890

No, the plant isn't set up to unload it right now....plus it is cheaper by water. It may be as simple as the tracks and conveyors to handle it are out of service and Dragon doesn't want to spend the capital to fix them. You may see CP put something together via Searsport. Since it has to be truck de...

Re: Potential PAR/PAS Traffic Growth

 by NYC27 ¦  Thu Jun 03, 2021 11:19 am ¦  Forum: Pan Am Southern (PAS) / Berkshire Eastern Railroad ¦  Topic: Potential PAR/PAS Traffic Growth ¦  Replies: 316 ¦  Views: 76890

Dragon is burning petcoke. They can't take it by rail for some reason.

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Tue Jun 01, 2021 7:27 am ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

Are there any other rail routes across or around the Hudson in the USA besides Selkirk and the Amtrak bridge in Albany? New York harbor carfloats, plus, of course, Amtrak via Penn Station (I think that was proposed for a specialized TOFC/COFC single level route at one point)... Early 1980s with Roa...

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Wed May 26, 2021 4:57 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

STB rules that CSXs merger application is incomplete. Come back when you do your homework CSX:

https://prod.stb.gov/news-communication ... /pr-21-23/

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Thu May 20, 2021 4:45 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

The P&W-CSO interchange is done under a waiver from CSX and is only for CSX bound freight off the P&W. It gives them a shortcut.

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Thu May 20, 2021 12:51 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

I would think getting G&W service would be to the advantage of the shippers Sure that would be great, but it isn't part of this deal. G&W will own 100% of CSO and NS and CSX (for now) will own PAS. The twice weekly EDPL will continue to feed cars to Plainville. CSO is tied up in so many pap...

Re: High Above the Rockville Bridge

 by NYC27 ¦  Thu May 13, 2021 8:36 pm ¦  Forum: Pennsylvania Railfan ¦  Topic: High Above the Rockville Bridge ¦  Replies: 15 ¦  Views: 11169

So in 2013 or so, a house was near the end of the trail to get out to the overlook - effectively blocking the easy access. The overlook itself appears to be public property as an adjoining parcel to US 22. Google Earth shows a bunch of zig zag switchback paths to get up the steep hillside from below...

Re: PAR Business Train (ST 100, 101, 102 & 103; PAR 1 & 2)

 by NYC27 ¦  Sat Apr 10, 2021 12:06 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: PAR Business Train (ST 100, 101, 102 & 103; PAR 1 & 2) ¦  Replies: 1462 ¦  Views: 388522

PAR has parted ways with the 333/322 duo. It would have been cool to reunite the 573 with this pair but the Conway Scenic wasn’t that interested. The 322 May wind up in Thomaston, CT when all is said and done. http://photos.nerail.org/showpic/?photo=202104082311446638.jpg&order=bydate&page=3...

Re: East Deerfield Gawking

 by NYC27 ¦  Thu Apr 01, 2021 11:02 am ¦  Forum: Pan Am Southern (PAS) / Berkshire Eastern Railroad ¦  Topic: East Deerfield Gawking ¦  Replies: 380 ¦  Views: 133193

The Conrail interchanges were split as follows: Rotterdam Jct. (points in NY), Pittsfield (Canaan Branch), Springfield (Connecticut River Line points and Adams Branch) and Barber everything else.

Re: CSX to acquire Pan Am Railways

 by NYC27 ¦  Tue Mar 23, 2021 1:29 pm ¦  Forum: Pan Am Railways (formerly Guilford Rail System) ¦  Topic: CSX Acquisition of Pan Am Railways ¦  Replies: 4515 ¦  Views: 840949

The Mid-Atlantic has James Riffin, we have Dan Bigda. I've met Bigda a couple of times, he is an absolute moron. He basically got fired from Vertex Railcar despite being a founding partner owning 35%. I can only reason that he must have inherited money and is looking to do something with it. He sees...

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