Look at the filings now - 6 in a row! Gonna be a long night of reading lol.
It looks like the end of the predecessors roads, bittersweet. However, maybe for once the confusion will end. This hierarchy is insane:
Systems directly and wholly owns PAR, which in turn directly and wholly owns four rail
carriers: Boston & Maine, Maine Central, Portland Terminal, and Springfield Terminal. Boston
& Maine directly and wholly owns two rail carriers: Northern and Stony Brook. Boston &
Maine also owns a 98% interest in V&M. Collectively, these seven rail carriers (referred to
herein as the “PAR Railroads”) own rail lines and provide rail service on a rail system (the “PAR
REDACTED – TO BE PLACED ON PUBLIC FILE
3
System”) in New England from Maine in the north to the Boston region in the south. Springfield
Terminal operates rail service on the PAR System on behalf of the PAR Railroads pursuant to
leases over lines owned and leased by the other PAR Railroads, and none of the other PAR
Railroads currently operates.
Boston & Maine also owns a 50% interest in the Class II rail carrier PAS, a 50/50 joint
venture between Boston & Maine and NSR. PAS provides rail service between upstate New
York and Boston and between Vermont and Connecticut. Springfield Terminal, also a Class II
rail carrier, operates PAS as PAS’s agent.
It looks like the end of the predecessors roads, bittersweet. However, maybe for once the confusion will end. This hierarchy is insane:
Systems directly and wholly owns PAR, which in turn directly and wholly owns four rail
carriers: Boston & Maine, Maine Central, Portland Terminal, and Springfield Terminal. Boston
& Maine directly and wholly owns two rail carriers: Northern and Stony Brook. Boston &
Maine also owns a 98% interest in V&M. Collectively, these seven rail carriers (referred to
herein as the “PAR Railroads”) own rail lines and provide rail service on a rail system (the “PAR
REDACTED – TO BE PLACED ON PUBLIC FILE
3
System”) in New England from Maine in the north to the Boston region in the south. Springfield
Terminal operates rail service on the PAR System on behalf of the PAR Railroads pursuant to
leases over lines owned and leased by the other PAR Railroads, and none of the other PAR
Railroads currently operates.
Boston & Maine also owns a 50% interest in the Class II rail carrier PAS, a 50/50 joint
venture between Boston & Maine and NSR. PAS provides rail service between upstate New
York and Boston and between Vermont and Connecticut. Springfield Terminal, also a Class II
rail carrier, operates PAS as PAS’s agent.
Last edited by newpylong on Fri Feb 26, 2021 4:08 pm, edited 1 time in total.