by roberttosh
I have no doubt that one of the main reason's behind CSX's interest was to protect existing ST business that could very well have been substantially diminished with a different operator.
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Nashua officials are optimistic that a proposed acquisition of New England’s Pan Am Railways by CSX will lead to solving the problem of frequent train derailments snarling downtown traffic.and
...“We have talked to them [Pan Am] a thousand times about the track. Nothing happens.”
The mayor is hopeful that the situation will improve if the Surface Transportation Board approves a proposed acquisition of Pan Am by CSX Corp.
Donchess said city representatives already have spoken with CSX and alerted them to the problem...
roberttosh wrote:I have no doubt that one of the main reason's behind CSX's interest was to protect existing ST business that could very well have been substantially diminished with a different operator.In what is arguably an anomalous play by CSX reportedly at $800m. for a sticky-wicket down south and a relatively light-density property in need of capital investment up north in total earning half the rate of revenue as their existing system has to be considered for all the possibilities at this early point.
johnpbarlow wrote: ↑Mon Feb 22, 2021 5:36 am Looks like Nashua would vote for CSX acquisition of Pan Am:To the city of Nashua, NH: Whooooopeee!!! You have nothing to really offer CSX, NS, Pan Am, or anyone else has far as new, heavy industry, that would require rail. None of the above are going to spend money investing in new track for "loose carload freight" moving through town. The demand does not justify the expense. This isn't a "chicken or the egg first" situation either for Nashua shippers. There is a history of 30+ years of industry moving out of southern and central NH. Nashua, Manchester, Concord are all old mill towns. No one is banging on the door to build a new assembly plant.
https://www.unionleader.com/news/safety ... 88b61.html
Couple of excerpts:
Nashua officials are optimistic that a proposed acquisition of New England’s Pan Am Railways by CSX will lead to solving the problem of frequent train derailments snarling downtown traffic.and
...“We have talked to them [Pan Am] a thousand times about the track. Nothing happens.”
The mayor is hopeful that the situation will improve if the Surface Transportation Board approves a proposed acquisition of Pan Am by CSX Corp.
Donchess said city representatives already have spoken with CSX and alerted them to the problem...
“Some tracks have been repaired, but where the derailment happened you can see it is under water. It is really very bad. It should be put higher than it is,” Eric Drouart of Nashua said
“I am just concerned since it carries freight and tank cars,”So, Nashuans are implying that PAR is running hazmat cargo over track that should be marked excepted, that they have done nothing about it despite complaints from the city over years, and they hope CSX has better standards. (I don't know if that is true or not but that is the sense I get from reading and regurgitating this single newspaper article). Of course the city also want passenger service new-hampshire-commuter-rail-discussion-t41734.html, so CSX could get free upgrades if they work with the city...