 | |
| Formerly | Guilford Transportation Industries |
|---|---|
| Company type | Private |
| Industry | rail transport manufacturing and energy transportation related brands real estate |
| Founded | 1998 |
| Founder | Timothy Mellon |
| Defunct | June 1, 2022 |
| Fate | Acquired by CSX Corporation |
| Headquarters | , |
| Subsidiaries |
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Pan Am Systems was a privately held Portsmouth, New Hampshire-based[1] Florida corporation composed of rail transport, manufacturing and energy, transportation related brands, and real estate divisions.[2] It formerly held a now-defunct airline division.
Pan Am Systems was put up for sale in July 2020.[3] On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board,[4][5] which approved the sale on April 14, 2022.[6] At midnight on June 1, 2022, CSX began operating Pan Am Systems and its Pan Am Railways; also, Pan Am Systems was merged into a temporary subsidiary of CSX which will eventually merge into CSX.
- ^ Pan Am Systems, Inc. – Company profile from Hoover's
- ^ "Pan Am System, Inc". Sunbiz.org. State of Florida Division of Corporations. Retrieved June 2, 2022.
- ^ "Maine's Biggest Railroad Is For Sale". MPBN.org. July 2020. Retrieved July 1, 2020.
- ^ "CSX to Acquire Pan Am Railways in New England" (Press release). Jacksonville, Florida: CSX Corp. November 30, 2020.
- ^ Luczak, Marybeth (November 30, 2020). "Definitive? CSX Acquiring Pan Am Railways". Railway Age.
- ^ "STB Approves CSX-Pan Am Combination". RailwayAge. April 14, 2022.