cu29640 wrote:Who/what is Irving? Maybe NS will buy PanAm or G&W. Mellon seems to have stepped back to let Fink run operations...things look a little better at PanAm these days.
J.D. Irving is the corporate parent to New Brunswick Southern, Eastern Maine Railway and Maine Northern Railway. Its easier to write "Irving" than it is "NBSR/EMRY/MNRY" while still encompassing the whole property. The rail division is actually New Brunswick and Maine Railways, with the 3 railroads listed above as their operating subsidiaries. They also have a track maintenance/building division under the brand as well. But if people don't know who Irving is, it seems unlikely NB&M will transmit who I'm talking about
Anyway, I can see them being interested in Pan Am/part of Pan Am if/when the Mellon led ownership decides to sell.
Mellon has never handled the day to day operations. He has people for that. About the time of the rebrand, Fink Sr. retired and left the company to Fink Jr. They, being of different railroad backgrounds have different perspectives on the way to run a railroad. Unfortunately after 30 years of neglect the "new" plan cannot catch up without significant reinvestment that Mr. Mellon seems unwilling to put back into the property. Its understandable, as he must be nearing the age when he will look to cash out.