1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Proposed New England Rail Merger Could Affect Competition and Passenger Service December 15, 2020 CSX Transportation, one of the seven Class I companies that handle the vast majority of U.S. rail traffic, announced in Nove
2、mber an agreement to purchase Pan Am Railways, a smaller, Class II railroad in New England. The deal, if approved by the Surface Transportation Board (STB), could have significant effects on freight and passenger rail traffic throughout New England. Background CSX is one of the countrys largest rail
3、roads, with 21,000 miles of track in 23 states, 20,000 employees, and annual revenues in excess of $11 billion. It has limited access to markets in New England, where Pan Am, which operates over 1,200 miles of track in five New England states and New York, is an important player. (Pan Am was known a
4、s the Guilford Transportation System until 2006. It acquired the branding rights from the defunct Pan American World Airways in 1998.) Several smaller freight railroads also operate locally in New England, making connections to the rest of the United States through CSX; through Norfolk Southern, whi
