Pan Am Railways (Sold): Map, Roster, CSX Sale, Logo (2023)

Last revised: June 3, 2022

By: Adam Burns

While Pan Am Railways (reporting marks, PAR) is a relatively new Class II, regional railroad created in 2006.

Its immediate predecessor is the Guilford Rail System that dates back to the early 1980s, formed as a holding company to oversee management of the railroads under its control (Boston & Maine, Maine Central, Portland Terminal, and the Springfield Terminal).

For railfans, it has been sad to witness those historic names disappear although technically many are still corporate entities (on paper only).

More succinctly, Guilford took draconian measures soon after its formation by selling or abandoning hundreds of miles of trackage.

A good deal of this infrastructure, such as Maine Central's Mountain Division and parts of the Boston & Maine network, would still be quite viable today.

Pan Am Railways (Sold): Map, Roster, CSX Sale, Logo (1)Pan Am Railway GP40-2LW #511 (sub-lettered for Maine Central) sits in front of the former Bangor & Aroostook station in Northern Maine Junction (Hermon), Maine on November 28, 2007. Under Pan Am/Guilford this building was a yard office. American-Rails.com collection.

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For its part, the newly formed Pan Am has blossomed into a much more prominent company by partnering with major Class I's, like the Norfolk Southern, to provide high-quality rail service throughout the region.

This particular program is known as the Patriot Corridor, a high speed freight line designed to serve New England between Albany, New York and Boston.

Today, Pan Am is the nation's largest Class II carrier; it operates 1,800 route miles, employees 750, and is so large Amtrak even hosts trains over parts of its network. Trains Magazine broke news on June 29, 2020 that Pan Am is currently for sale.

Finally, on November 30, 2020 Railway Age announced that CSX Transportation had acquired the regional for $700 million.

A Brief History

To understand the history of the Pan Am system one needs to go way back to 1977.

That year the Guilford Transportation Industries (GTI) was formed by Timothy Mellon who was looking to enter the railroad business (the name reflects the owner's hometown of Guilford, Connecticut).

During the late 1970s the Maine Central was becoming a profitable operation once again.

However, it was sold to the U.S. Filter Corporation in late December, 1980 and literally days after that transaction occurred the new parent was sold to Ashland Oil, a company that had no desire or interest being in the railroad business.

With Mr. Mellon looking for a railroad to purchase he wasted no effort in grabbing the MEC with the sale completed by June of 1981.

To oversee the MEC he setup a holding company under GTI known as the Guilford Rail System with a new paint scheme of dark grey with an orange/red central stripe, and "Guilford Rail System" adorning the long hood sporting a large, stylized "G".

Pan Am Railways (Sold): Map, Roster, CSX Sale, Logo (2)Pan Am FP9 #1, which began its career on the Canadian National as #6505 in 1954, is seen here on display at the "Streamliners At Spencer" event in May of 2014. Warren Calloway photo.

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After the purchase of the MEC, Guilford picked up the fabled Delaware & Hudson later in 1981 from the Norfolk & Western-owned Dereco for just $500,000, formally completing the purchase in 1984.

The D&H, however, remained in Guilford ownership for just seven more years.

After declaring the company bankrupt in 1988 it sold the railroad to Canadian Pacific in 1991 for $25 million, which planned to use the route as a through main line between Montreal and New York (and continues to operate it today as a subsidiary).

In 1983, as the Boston & Maine was recovering from bankruptcy it too was purchased by Guilford for a little more than $24 million.

With this final transaction Guilford had a system that stretched throughout Maine, into New Hampshire, across Massachusetts, and also reached parts of Connecticut.

The goal of in acquiring these roads was three-fold; to create a unified rail system in New England, compete against the region's then major (and only) Class I, Conrail ("Big Blue"), and provide economies of scale by doing such.

Soon after Guilford took control of these properties it began cutting back and abandoning routes considered superfluous or unprofitable such as several MEC lines in its home state and later virtually all of the original Springfield Terminal Railway, a line which had a long history as a classic electric interurban carrier.

Into the 1990s, Guilford remained much the same in terms of the routes it served and in 1998 it picked up the naming rights of the defunct Pan American World Airways, a once famous air line that had been out of business since 1991.

In 2006 Guilford changed its corporate name to reflect its purchase, even grabbing the old logo, and became known as Pan Am Railways.

From a management aspect not much has changed with the railroad but outwardly, gone is the "G" logo and old paint scheme (replaced with dark blue and white lettering) while still retaining the sub-lettering of independent lines Maine Central, Boston & Maine, and Springfield Terminal.

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Despite the fact that under the Guilford name numerous miles of predecessor lines have been abandoned abandoned the railroad still retains a strong presence in New England.

Along with its own network, Pan Am today has trackage rights reaching New Haven, White River Junction (Vermont), Boston, northern Maine all of the way to border (towns such as Easton, Fort Fairfield, and Madawaska), and southern New Brunswick (Canada) at St. John and St. Stephen.

System Map

Additionally, as mentioned above, the new Patriot Corridor created in partnership with Norfolk Southern in 2008 opened high-valuable freight traffic between eastern New York, central Vermont, southern Connecticut, and eastern Massachusetts as part of the jointly owned Pan Am Southern Railway.

Targeted traffic on the route includes intermodal and automotive.

Aside from this new traffic source, traditional freight on the Pan Am system has included paper and timber products from Maine as well as some chemicals, bulk transfer stations, warehouse services, clay, and other general merchandise.

Logo

While it has been disappointing from a railfan perspective to see the classic New England paint schemes of the D&H, Maine Central, and Boston & Maine disappear there is no doubting the economic benefits the Pan Am Railway has had on the region over the years.

Additionally, Pan Am Railways has become rather railfan friendly in the past few years. In 2011 they debuted a GP9 in the original Boston & Maine "Minute Man" livery of dark maroon with gold pinstripes.

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They have also released another GP9 in the Maine Central's classic green and yellow "Pine Tree Route" livery. So, if you are out railfanning the railroad be on the lookout for these units!

Locomotive Roster

BuilderModel TypeRoad NumberNotes/DispositionQuantity
EMDFP91-2Ex-CN2
EMDGP7/-R12, 15Springfield Terminal2
EMDGP945, 51, 52 (MEC heritage livery), 54, 62, 71-72, 77 (B&M heritage livery)Springfield Terminal8
EMDGP35201-210, 212, 214-215Springfield Terminal11
EMDGP40300-321, 326-330, 332-335, 337, 340-342, 343-354, 370-371, 373-374, 376-382Maine Central/Boston & Maine58
EMDGP40-2LW500-508Maine Central, Ex-CN9
EMDGP40-2W509-519Maine Central, Ex-CN11
EMDSD40-2600-620Maine Central, Ex-KCS, Ex-Trona21
EMDSD26621, 643Springfield Terminal, Former SD24s2
EMDSD45681Springfield Terminal1
EMDSD39690Boston & Maine1

Pan Am Railways (Sold): Map, Roster, CSX Sale, Logo (5)Delaware & Hudson GP38-2 #7323 (ex-Lehigh Valley #323) rolls through Ayers, Massachusetts over the Boston & Maine during the early Guilford era on February 1, 1988. American-Rails.com collection.

CSX Sale (November 30, 2020)

It was announced back in June of 2020 that Pan Am Railway was for sale. It was believed at that time the only two Class I's potentially interested were Canadian National and Canadian Pacific while short line conglomerates Genesee & Wyoming, OmniTRAX, and Watco may also make bids.

Perhaps then it was somewhat surprising when CSX Transportation announced on November 30, 2020 it had acquired Pan Am for an estimated $700 million.

By adding 1,800 miles (1,200 true miles with the 600 mile Pan Am Southern Railway owned in conjunction with Norfolk Southern) to its 21,000-route mile network CSX will expand its reach in the states ofConnecticut, New York and Massachusetts.

In addition, the Class I will open new markets in the states of Vermont, New Hampshire and Maine. According to CSX's statement:

"'The transaction will provide significant benefits to shippers and local communities as CSX integrates Pan Am into its best-in-class network.

In Pan Am, CSX gains a strong regional rail network in one of the most densely populated markets in the U.S., creating new efficiencies and market opportunities for customers as we continue to grow,'CSX President and CEO James M. Foote said. '

We intend to bring CSX’s customer-centric focus and industry-leading operating model to shippers and industries served by Pan Am.

We look forward to integrating Pan Am into CSX, with substantial benefits to the rail-served industries of the Northeast, and to working in partnership with connecting railroads to provide exceptional supply chain solutions to New England and beyond.'

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The Surface Transportation Board officially approved the takeover in April, 2022 and CSX officially took over operations on June 1, 2022.

In conjunction with this move, Genesee & Wyoming will operate a new subsidiary, the Berkshire & Eastern, which will continue on the former Pan Am Southern.

This operation had been a joint venture between Pan Am and Norfolk Southern that operated the ex-Boston & Maine west of Ayer, Massachusetts.

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FAQs

How much did CSX pay Pan Am Railways? ›

Media reports pegged the sale price at $700 million.

Who bought Pan Am Railway? ›

CSX Completes Acquisition of Pan Am Railways - CSX.com. JACKSONVILLE, Fla – June 1, 2022 – CSX Corp. (NASDAQ: CSX) today announced it has completed the acquisition of Pan Am Railways, Inc. (Pan Am), expanding its reach into the rapidly growing Northeast region of the country.

What happened to Pan Am railways? ›

The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board, which approved the sale on April 14, 2022. At midnight on June 1, 2022, CSX Corp began operating Pan Am Railways as a subsidiary of CSX Transportation; Pan Am Systems ceased operations.

What does CSX stand for on a train? ›

CSX Transportation (it's name deriving with the “C” standing for Chessie, “S” for Seaboard, and “X” an all-encompassing multiplication symbol that “together we are so much more”) is the railroad division of CSX Corporation. The latter was originally created in 1980 as a holding company for several subsidiaries.

How big is Pan Am Railways? ›

It runs a 1,200-mile network throughout New England and has a joint venture with Norfolk Southern for an additional 600 miles of track, known as the Patriot Corridor between Mechanicville and Ayer, Mass.

What happened to Pan Am? ›

Attempting to quickly create a domestic system, Pan Am acquired Miami-based National Airlines in 1980. After selling most of its international routes to raise operating funds, Pan Am ended in bankruptcy in December 1991.

Is CSX merging? ›

The merger was approved by the STB on April 14. CSX has announced that it has completed the acquisition of Pan Am Railways, six weeks after the Class 1 railway received regulatory approval from the Surface Transportation Board (STB).

Who bought CSX Railroad? ›

CSX on June 1 reported completing its Pan Am Railways, Inc., acquisition, six weeks after the Class I railroad received regulatory approval from the Surface Transportation Board (STB).

How many miles of track does Pan Am have? ›

Headquartered in North Billerica, Massachusetts, Pan Am owns and operates a highly integrated, nearly 1,200-mile rail network and has a partial interest in the more than 600-mile Pan Am Southern system.

Is Pan Am Railways for sale? ›

It was announced back in June of 2020 that Pan Am Railway was for sale. It was believed at that time the only two Class I's potentially interested were Canadian National and Canadian Pacific while short line conglomerates Genesee & Wyoming, OmniTRAX, and Watco may also make bids.

Why is CSX buying Pan Am? ›

With this transaction, New England will benefit from CSX's track record as a leader in environmental performance. CSX will operate Pan Am with a more reliable and more fuel-efficient fleet, significantly reducing fuel consumption and improving rail's environmental footprint in the region.

Who owns the Pan Am brand? ›

Pan Am Brands is the trade name for Pan American World Airways, Inc., the owner of intellectual property rights of the original Pan Am.

How many cars can a train legally pull? ›

One unit can easily pull 100 cars on the flat if you only want it to go 10-12 mph. Put it on a 2% grade and a 3000 hp unit can only pull about 6-8 cars at about 15 mph. Western RRs usually rate their trains in Horsepower/ton.

Does CSX have good benefits? ›

CSX provides salary continuance at no cost to you. Benefits are a percentage of salary up to 26 weeks depending on length of service. CSX provides Long-Term Disability Benefits at no cost to you. The monthly benefit is 60% of your pre-disability earnings with a maximum monthly benefit of $25,000.

Is CSX stock a good buy? ›

Out of 18 analysts, 5 (27.78%) are recommending CSX as a Strong Buy, 4 (22.22%) are recommending CSX as a Buy, 8 (44.44%) are recommending CSX as a Hold, 0 (0%) are recommending CSX as a Sell, and 1 (5.56%) are recommending CSX as a Strong Sell.

Is Pan Am airlines still in business? ›

On December 4th, 1991, Pan Am formally ceased operations after months of financial distress. Pan Am Flight 436 was the last to carry the airline's flag, flying from Bridgetown, Barbados, to Miami, Florida, on a Boeing 727.

What is an office car special? ›

The Conrail OCS (or Conrail office car special) was Conrail's inspection, marketing, and educational tool used to promote the railroad's various initiatives.

How many Class 2 railroads are there? ›

Class II railroads are much smaller than Class I railroads, and are often referred to as Regional Railroads. Currently there are about 15 Class II (Regional) railroads that are still in service in the United States.

Why did the Pan Am fail? ›

Pan American World Airways, for more than five decades an unofficial symbol of the United States abroad, filed for Chapter 11 bankruptcy Tuesday, a victim of spiraling fuel prices, the deteriorating economy and the terrorist bombing of its Flight 103 over Scotland two years ago.

Why did Pan Am shut down? ›

On January 8th, 1991, Pan American World Airways filed for bankruptcy protection. This followed the loss of more than $2 billion after ongoing financial troubles that continued to escalate. Ultimate, it led to the closure of one of the most iconic brands in US aviation history.

Why was Pan Am Cancelled? ›

After failing to raise money from other sources, a phone call was made to Pan Am's head office on December 4, 1991. The message was: "Shut it down." Conrad: Pan American Airways went bankrupt, and they shut down services.

Why is CSX buying Pan Am? ›

With this transaction, New England will benefit from CSX's track record as a leader in environmental performance. CSX will operate Pan Am with a more reliable and more fuel-efficient fleet, significantly reducing fuel consumption and improving rail's environmental footprint in the region.

Did CSX buy quality carriers? ›

– July 1, 2021 - CSX Corp. (NASDAQ: CSX) today announced it has completed its previously announced acquisition of Quality Carriers, Inc. ("Quality Carriers"), the leading North American provider of bulk liquid chemicals truck transportation, from Quality Distribution, Inc.

Who bought CSX Railroad? ›

CSX on June 1 reported completing its Pan Am Railways, Inc., acquisition, six weeks after the Class I railroad received regulatory approval from the Surface Transportation Board (STB).

What companies does CSX own? ›

Other subsidiaries
  • Fruit Growers Express.
  • CSX Intermodal Terminals.
  • CSX Real Property.
  • CSX Technology.
  • Chessie Computer Service.
  • Cybernetics & Services.
  • Total Distribution Services.
  • TRANSFLO Corporation.

Who owns Quality Carriers? ›

Acquired by the CSX Corporation on July 1, 2021, Quality Carriers is a subsidiary of one of the nation's leading transportation suppliers. Today we operate North America's largest bulk tank trucking fleet with more than 2,500 trucks and 6,400 trailers.

Who bought quality distribution? ›

(“Quality Distribution” or the “Company”), a privately-held global logistics and transportation provider with market-leading businesses, today announced that it has entered into a definitive agreement to sell its Quality Carriers business to CSX Corporation (NASDAQ:CSX).

What railroad Does Bill Gates Own? ›

Bill Gates Gives $5 Billion of Canadian National Stock to Foundation >CNI. Bill Gates has given more than $5 billion worth of Canadian National Railway Co. stock to the Bill & Melinda Gates Foundation as part of the Microsoft Corp.

Who owns railroad tracks in USA? ›

America's freight railroads are almost entirely privately owned and operated. Unlike trucks and barges, freight railroads operate overwhelmingly on infrastructure that they own, build, maintain and pay for themselves. Approximately 630 freight railroads operate across the nearly 140,000-mile U.S. freight rail network.

How big is CSX? ›

Founded in 1827, CSX is a Class I railroad, one of seven in North America. CSX employs approximately 25,000 people. CSX serves 23 states, the District of Columbia and two Canadian provinces. The network connects major metropolitan centers in the eastern United States.

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