CSX submits revised STB application for Pan Am Systems merger

摘要

UNITED States Class 1 CSX submitted an "amended and supplemented application" to acquire control of Pan Am Systems and its shortline railway subsidiaries on July 1, which the railway says "provides all of the additional details of the proposed transaction requested by the Surface Transportation Board (STB)," after the STB rejected an application filed on May 26. The transaction will expand CSX's reach in Connecticut, New York and Massachusetts while adding Vermont, New Hampshire and Maine to its existing 23-state network. Terms have not been disclosed.