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  • Pan Am Southern (webssite: https://panamsouthern.com ) is jointly-owned by CSX and Norfolk Southern, but operated by Genesee & Wyoming subsidiary Pittsburg & Shawmut dba Berkshire and Eastern,
Pan Am Southern (webssite: https://panamsouthern.com ) is jointly-owned by CSX and Norfolk Southern, but operated by Genesee & Wyoming subsidiary Pittsburg & Shawmut dba Berkshire and Eastern,

Moderator: MEC407

 #1538399  by KSmitty
 
Have heard it was costing them $1M a week. Dont know if that number covered the cost of detours or just the cleanup and tunnel repair. Either way, it's been an expensive couple months.
 #1538426  by Jeff Smith
 
pumpers wrote: Wed Apr 01, 2020 8:33 pm I wonder if we will ever find out how big the bill to fix the tunnel was?
Generally, a financial statement of cash flows, an income statement, or an annual report would break out "extraordinary items". But are the statements accessible? A lot depends on their ownership status and regulatory requirements. I'm not sure if they're publicly traded or not; last I read, years ago, was that they were privately held. A cursory search did not reveal any stock information, and their home page did not have an investor relations tab/page. So no. You're not going to get 10-Q's or K's, or other SEC type disclosures.

However, they're in a regulated industry, so it's possible the FRA/STB or state authorities would require financial statements. I imagine one could request a copy via FOIA, but that would depend on federal or state law.

It's possible, if you have a Dun and Bradstreet subscription, that you could view them there as well.
 #1538434  by newpylong
 
They are privately held, same as since 1981.

The STB requires carload and status reports which are not granular. A FOIA request would not apply to non-governmental entity like this.
 #1538598  by gokeefe
 
Norfolk Southern may have to disclose it on their quarterly SEC filings if it's material to the company ... Seems unlikely as it is such a small part of their business.
 #1538622  by johnpbarlow
 
Hopefully today is the day!

Per NS Service Alert from 4/1/20:
Progress continues toward restoring train service to and from Ayer, MA following a partial-wall collapse in the Hoosac Tunnel on February 12, 2020. Pan Am Railway expects service to be restored between Albany, NY and Ayer, MA by Saturday, April 4th.

Effective 12:01am Monday, April 6, 2020, all ingates will re-open to shipments billed for movement to and from Ayer.
http://www.nscorp.com/content/nscorp/en ... ate-0.html
 #1538638  by Dick H
 
There was a 16R Detour Train by Greenfield with about 70 cars at 0731 this morning (4/4) heading for Bellows Falls. Maybe the last westbound detour train???
 #1538641  by NHV 669
 
16R is the other way. They came off the GMRC just before 5am, with 48x22. The last 11R reached HJ before 9am yesterday; we'll know by this evening whether that was truly the last westbound.
 #1538746  by NHV 669
 
The same crew went and grabbed a combined 16R/RJED staged at HJ and brought it back east through the tunnel. An eastbound 22K chassis move should have been the third train.
 #1538793  by jaymac
 
0410/04-06-2020 attempts at copying NS Service Alert link and text didn't work, but NS announced the the tunnel was open and had a photo of first NS train -- not IDd as PAS in caption -- exiting West Portal. There was also an an advisory that tunnel would have 12-hour closures for further engineering work.
 #1538797  by newpylong
 
BandA wrote: Mon Apr 06, 2020 2:36 am Do we know if they did any work to prepare for taller clearance?
They didn't. That will require top and/or undercutting the east end and possibly additional undercutting on the west end. None of that was in the scope of the repairs.
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