STB: Pan Am Southern Ownership OK
WASHINGTON — The Surface Transportation Board approved the joint control and ownership of Pan Am Southern LLC, a new railroad carrier, by the Norfolk Southern Railway, Pan Am Railways Inc. (PARI), and two of PARI’s rail subsidiaries, the Boston and Maine Corp. and the Springfield Terminal Railway Co. The ownership is subject to Board-imposed conditions. In reaching its decision, the Board found that the control transaction, along with its related operational agreements, should produce substantial transportation benefits to the New England region of the United States. PAS will operate approximately 437 miles of track, including an east-west section called the