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52-604: The company is a subsidiary of CSX Corporation under rail subsidiary CSX Transportation since June 1, 2022, Pan Am Railways former parent company was Portsmouth, New Hampshire -based Pan Am Systems . It was headquartered in Iron Horse Park in North Billerica, Massachusetts . Pan Am Railways parent Pan Am Systems was put up for sale in July 2020. On November 30, 2020, CSX Corporation announced that it had signed

104-625: A $ 2-million grant to the Massachusetts Department of Transportation for preliminary engineering on removing 19 obstacles to allow double stack container trains to use the Patriot Corridor route. The project included raising clearance by two feet in the 4.75-mile (7.64 km) Hoosac Tunnel . The company was criticized for dumping used railroad ties that contain creosote rather than sending them for safe disposal or recycling. Pan Am Railways parent Pan Am Systems

156-524: A $ 40-million payroll. The company continued to operate with subsidiary entities bearing the names of former railroads which over time formed the company. The company's assets were housed separately in these various subsidiaries for various reasons. For example, the Boston and Maine Corporation owned the railroad property itself while the Springfield Terminal branch operated the railroad (most of

208-479: A 478-page plan of purchase outlining a broad range of topics, from implementations of track upgrades to the controversial issue of Norfolk Southern intermodal routing, as well as the fate of Pan Am's hodgepodge fleet of aging motive power, which is made up of EMD and GE locomotives from railroads such as Conrail, NS, CSX, the Milwaukee Road, and Kansas City Southern. On May 26, 2021, the federal regulators of

260-575: A 50 percent stake in Pan Am Southern . Conrail was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name (Consolidated Rail Corporation), and while it no longer operates trains it continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from

312-693: A 51 percent share in the Indiana Harbor Belt Railroad . The Winston-Salem Southbound Railway is a 90-mile (140 km) short-line railroad jointly held by CSX Transportation and the Norfolk Southern Railway , which provides it with equipment. It connects with Norfolk Southern at the north end in Winston-Salem , CSX at the south end in Wadesboro , and in between with NS at Lexington and Whitney ,

364-662: A bid to buy the Southern Pacific Railroad (SP). The paper industry provides the largest source of business, with chemicals, clay and pulp inbound, and finished paper outbound. But the railroad has been losing ground to other forms of transportation - particularly trucking. A 2008 report issued by the American Society of Civil Engineers rated Maine at 48th of the 50 states in volume of freight traffic that moves by rail. Guilford completed its acquisition of Delaware and Hudson Railway in 1984, purchasing

416-404: A deadline for a final Surface Transportation Board decision. On April 14, 2022, The Surface Transportation Board fully accepted the purchase by CSX Transportation of Pan Am Railways and 50% of Pan Am Southern. According to the board; CSX's control of Pan Am and subsequent merger of six of Pan Am's subsidiary railroads into CSX, subject to the voluntary commitments and settlement agreements to which

468-592: A definitive agreement to purchase Pan Am Systems. 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. The company was founded in May 1981 as Guilford Transportation Industries by Timothy Mellon , who quickly looked to form

520-586: A manufacturer of corn syrup and related products, and Owens Brockway Glass Company of Eller, a manufacturer of glass products. Formerly Four Rivers Transportation, Inc. , P&L is based in Wilmington, Delaware . It is a railroad holding company in the United States . It is jointly owned by the management of the P&;L Railway , as well as CSX Corporation, the latter of which holds a majority. CSX

572-588: A railroad company in the Northeast through purchasing some of the area's bankrupt railroads. The company began by purchasing the Maine Central Railroad that same year, and also announced it was interested in purchasing the bankrupt Boston and Maine , making an offer that year. The company's purchase of the B&;M was approved in 1983, adding it to Guilford's network. Even as the B&M purchase

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624-534: A total of 4,257 GP9s produced when Canadian production ended in 1963. The GP9 was succeeded by the similar but slightly more powerful GP18 . EMD designed the GP9 as an improved version of the GP7, with an increase in power from 1,500 hp to 1,750 hp, and a change in prime mover to the latest version of the 567 engine , the 567C. Externally, the GP9 strongly resembled its predecessor. Most were built with high short hoods, but

676-441: Is a list of CSX management as of April 2024: At the end of 2018, CSX Corporation's total shareholder's equity was reported as US$ 12.58 billion and total assets were valued at $ 36.729 billion. Total revenue for 2018 was $ 12.25 billion, an increase from $ 11.408 billion the previous year. Operating income was $ 4.869 billion, up from $ 3.72 billion in 2017, while earnings before income taxes were $ 4.304 billion, compared to $ 3.142 billion

728-593: Is named. The first CEO and second chairman was Hays T. Watkins Jr. of Chessie. Watkins was succeeded by John W. Snow as CEO in 1989 and as chairman in 1991. When Snow left the company in 2003 to become United States Secretary of the Treasury , Michael J. Ward, who then headed CSX Transportation, was promoted to succeed him. Overall in 2003, Ward took on the positions of chairman, president, and CEO. When president Oscar Munoz left CSX in September 2015 after obtaining

780-543: Is organized into two operating regions: the West Region and the East Region. Each primary region is divided into two sub-regions: CSX Corporation was formed on November 1, 1980, by combining the railroads of the former Chessie System with Seaboard Coast Line Industries . The name came about during merger talks between Chessie System and SCL, commonly called "Chessie" and "Seaboard". The company chairmen said it

832-578: Is ownership of the three Shared Assets Areas in New Jersey , Philadelphia , and Detroit . Both CSX and NS have the right to serve all shippers in these areas, paying Conrail for the cost of maintaining and improving trackage . They also make use of Conrail to perform switching and terminal services within the areas, but not as a common carrier , since contracts are signed between shippers and CSX or NS. Conrail also retains various support facilities including maintenance-of-way and training, as well as

884-495: Is planned by 2020. CSX estimates that after these cuts it will have a workforce of about 21,000 people. CSX is also trying to increase profits by monetizing some of its real estate. As of early 2018, the company planned to generate $ 800 million by 2020 by selling off some railroad lines and other real estate. As of the same date, CSX held real estate in 23 states, the District of Columbia, and two Canadian provinces. The following

936-498: The GP7 as the second model of EMD's General Purpose (GP) line, incorporating a new sixteen- cylinder engine which generated 1,750 horsepower (1.30 MW). This locomotive type was offered both with and without control cabs; locomotives built without control cabs were called GP9B locomotives. EMD constructed 3,626 GP9s, including 165 GP9Bs. An additional 646 GP9s were built by General Motors Diesel , EMD's Canadian subsidiary, for

988-572: The Heber Valley Railroad in May 2018. On May 15, 2008, NS announced that it had come to an agreement with PAR to "create an improved rail route between Albany, New York , and the Boston, Massachusetts , region, named the Patriot Corridor. The STB approved the deal on March 10, 2009, with each railroad owning 50% of a new company known as Pan Am Southern (PAS). PAR's trackage between Ayer, Massachusetts , and Mechanicville, New York ,

1040-583: The Southern Pacific ordered a number with low short hoods for improved crew visibility. EMD built GP9s at its LaGrange, Illinois facility until 1959, when American production was ended in favor of the GP18. GMD production in Canada continued until August 1963, when the final GP9 was produced. There were 40 GP9M units built that are included in the 3,441 units built for United States railroads. A GP9M

1092-489: The Surface Transportation Board , CSX and NS took control in August 1998, and on June 1, 1999, began operating their respective portions of Conrail. The old company remains a jointly-owned subsidiary, with CSX and NS owning respectively 42 percent and 58 percent of its stock , corresponding to how much of Conrail's assets they acquired. Each parent, however, has an equal voting interest . The primary asset retained by Conrail

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1144-679: The 1980s and was privatized in 1987. The two remaining Class I railroads in the East , CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts (alongside three residual shared-assets areas), returning rail freight competition to the Northeast by essentially undoing the 1968 merger of the Pennsylvania Railroad and New York Central Railroad that created Penn Central . Following approval by

1196-549: The 1980s. Canadian National still had 29 GP9RM locomotives in operation, as of 2022. Canadian Pacific had many GP9u locomotives in operation; however, they were all retired in 2015. Several GP9s were rebuilt with a 1,500 horsepower (1.12 MW) CAT 3512 and re-classified as GP15C . The Illinois Central Railroad rebuilt some of its GP9s with their front (short) hood reduced in height for improved crew visibility. The IC designated these rebuilt locomotives GP10 . EMD has rebuilt and continues to rebuild GP9s into what it calls

1248-680: The Atlantic Coast Line Building and the Seaboard Coastline Railroad Building. Designed by KBJ Architects , the CSX Transportation Building is a LEED certified building and an example of mid-century modern and international style architecture. EMD GP9 The EMD GP9 is a four-axle diesel-electric locomotive built by General Motors' Electro-Motive Division between 1954 and 1959. The GP9 succeeded

1300-669: The D&;H's directors and Norfolk and Western accepted the offer, in part to remove a potential obstacle to the pending merger between the N&;W and the Southern Railway . In 1985, Guilford entered into an agreement with Norfolk Southern Railway (NS) to run trains to St. Louis . NS was attempting to win approval of a plan to purchase Conrail from the U.S. government and proposed allowing Guilford to lease Conrail lines to St. Louis in order to restore competition that would be lost in

1352-743: The Massachusetts Bay Transportation Authority, the Massachusetts Department of Transportation, the Commonwealth of Massachusetts, Vermont Rail System, as well as many other local political figures and community leaders from other New England states, the Surface Transportation Board ruled the acquisition as "Significant" meaning that a more rigorous review process would be necessary. On April 30, 2021, CSX submitted

1404-741: The Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. Also as of that date, it had access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. Following a successful merger application to the Surface Transportation Board , CSX Corporation and CSX Transportation acquired Pan Am Railways in 2022, including

1456-570: The Pan Am Southern (the Northern Route), used by NS prior to this agreement, is too low for double-stack trains. Berkshire & Eastern Railroad (B&E), a wholly owned subsidiary of Genesee & Wyoming (G&W), will replace Springfield Terminal as the operator of Pan Am Southern. CSX made specific commitments in its filings and entered into settlement agreements with numerous parties that had initially raised concerns about

1508-521: The Surface Transportation Board rejected CSX's purchase application, deeming it "incomplete." The board cited "contradictions" and "lack of necessary information" to properly judge the acquisition, and therefore could not rule on the matter. The STB accepted a revised merger application for consideration on July 30, allowing CSX to move forward with the acquisition. The decision determined that an environmental and historic review are unnecessary and establishes criteria for additional filings, public comments, and

1560-558: The applicants have agreed, would not likely cause a substantial lessening of competition or create a monopoly or restraint of trade. "The Board found several key benefits flowing from the merger. It would result in much-needed capital investments in the Pan Am network, as well as more consistent maintenance. Also, the Board found that shippers would have additional marketing opportunities and more efficient single-line service, and CSX would have

1612-456: The assets from Norfolk and Western Railway . When their planned western expansion fell through, with few prospects for growing freight traffic, and two intense labor strikes, Guilford filed the D&H for bankruptcy and disbanded the company, in June 1988. By an Interstate Commerce Commission emergency order, New York, Susquehanna and Western Railway provided service under subsidy until the line

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1664-445: The car is owned by a leasing company or private car owner. The company introduced its current slogan, "How Tomorrow Moves", in 2008. CSX Corporation sold two-thirds of its control of water transport company American Commercial Barge Line in 1998, citing a desire to focus more on rail operations. The founding chairman of CSX Corporation was Prime F. Osborn III of Seaboard, for whom Jacksonville's Prime F. Osborn III Convention Center

1716-542: The company and move it from a traditional railroad model to a scheduled railroad model in order to reduce costs and improve the quality of service. Part of this effort includes reducing the number of locomotives in service from 3,000 in late 2017 to between 2,370 and 2,420 in 2020. The company also plans to reduce the number of rail cars it owns from 136,000 in late 2017 to between 104,000 and 109,000 in 2020. In 2017, CSX cut its workforce by 3,300 employees. In 2018, roughly 2,200 jobs were cut. A further reduction of 4,000 positions

1768-505: The company's employees were under the Springfield Terminal umbrella.) Meanwhile, the Maine Central entity owns rolling stock. In 2011, PAR repainted two EMD GP9 locomotives into heritage schemes commemorating the company's predecessors; GP9s number 77 and 52 were repainted into the Boston and Maine maroon and gold " Minuteman " paint scheme and the Maine Central "Pine Tree Route" green and gold livery, respectively. Both were sold to

1820-555: The division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway . The federal government created Conrail to take over the lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway . After railroad regulations were lifted by the 4R Act and the Staggers Act , Conrail began to turn a profit in

1872-439: The merger, the corporation moved its headquarters to Jacksonville, Florida , in 2003. CSX is a Fortune 500 company. CSX Transportation is a Class I railroad operating in the eastern United States and the Canadian provinces of Ontario and Quebec . The railroad operates approximately 21,000 route miles (34,000 km) of track. As of December 30, 2016, CSX Transportation served population centers in 23 states east of

1924-519: The merger. The plan would have allowed Guilford to use the Conrail mainline from Toledo to Ridgeway, Ohio , and from Crestline, Ohio , to St. Louis. Guilford would also purchase 955 miles (1,537 km) of Conrail track and 1,300 freight cars from Norfolk Southern for $ 53M. NS did not prevail in its attempt to purchase Conrail in 1985, and the Guilford plan was dropped. In 1987, Guilford also placed

1976-568: The operating party. This means the track will be owned by CSX but CSX will not dispatch it. Also, Norfolk Southern will keep its 49% stake in Pan Am Southern (PAS). With the sale, the intermodal traffic between Mechanicville and Ayer will be re-routed over Boston and Albany Railroad (B&A) to Worcester, MA. From there the traffic will come up the Worcester main and into Ayer Yard. On March 25, 2021, after numerous letters questioning CSX's acquisition of Pan Am Railways parent Pan Am Systems from

2028-632: The opportunity to better compete for traffic moving via long-haul trucking. The Board also noted environmental benefits in the form of fuel efficiency and lower emissions resulting from CSX’s use of newer line-haul and switching locomotives, compared to Pan Am’s locomotives." The combination of several trackage rights agreements in the approved plan will create a new route allowing Norfolk Southern to move double-stack intermodal trains and automobile trains from Voorheesville, New York to Ayer, Massachusetts (the Southern Route). The Hoosac Tunnel on

2080-587: The previous year. As of 2019, CSX Corporation was a Fortune 500 company. The CSX Transportation Building is a 251 feet (77 meters) high-rise office building in Jacksonville, Florida . Completed in 1960, the building currently serves as headquarters for CSX Corporation. The building is located in the Northbank area of Downtown Jacksonville , along the banks of the St. Johns River . Its former names include

2132-446: The role earlier that year from Ward, the company underwent several management changes, with Clarence Gooden appointed president. The company went through major leadership changes in 2017 when activist investor Mantle Ridge, a hedge fund that held 4.9% of CSX's stock, demanded a change in the board, that Michael Ward step down as CEO, that the company cut middle management , and that the company hire Hunter Harrison , known for leading

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2184-749: The subsidiary High Point, Thomasville and Denton Railroad at High Rock , and the Aberdeen, Carolina and Western Railway at Norwood . Originally owned jointly by the Atlantic Coast Line Railroad and Norfolk and Western Railway , predecessors to CSX and NS, it was completed in November 1910. Commodities commonly carried by the railroad are grain, sand, gravel, stone, forest products, paper products, coal, coke, cement, clay fertilizer, aluminum, chemicals, iron, and steel. Its principal shippers are Corn Products Company of Winston-Salem,

2236-467: The transaction. PAR's mainline ran from Mattawamkeag, Maine , to Mechanicville, New York , via the lines of the following former companies: [REDACTED] Media related to Pan Am Railways at Wikimedia Commons CSX Corporation CSX Corporation is an American holding company focused on rail transportation and real estate in North America , among other industries. The company

2288-399: The turnaround three other railroads, as CEO. Within months of Harrison's hiring in spring 2017, several members of CSX's executive management team stepped down. Harrison died on December 16, 2017, and shortly thereafter Chief Operating Officer James M. Foote was named president and chief executive officer. In March 2018, Foote, said CSX would follow-through on Harrison's plans to transform

2340-513: Was also taken. The lawyers decided to use "CSX", and the name stuck. In the public announcement, it was said that "CSX is singularly appropriate. C can stand for Chessie, S for Seaboard, and X, which actually has no meaning." However, an August 9, 2016, article on the Railway Age website stated that " ... the 'X' was for 'Consolidated' ". The T had to be added to CSX when used as a reporting mark because reporting marks that end in X means that

2392-660: Was built with parts from another older EMD locomotive, either an F unit or a damaged GP7. The use of parts from these older locomotives caused the GP9Ms to have a lower power rating than a GP9. This would be either 1,350 horsepower (1.01 MW) if the donor locomotive was an FT / F2 or 1,500 horsepower (1.12 MW) from F3 / F7 / GP7 locomotives. Many rebuilt GP9s remain in service today with shortline railroads and industrial operators. Some remain in rebuilt form on some major Class I railroads , as switcher locomotives although most Class 1 railroads stopped using these locomotives by

2444-566: Was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger. The various railroads of the former Chessie System and Seaboard Coast Line Industries that are now owned by CSX Corporation were eventually merged into a single line in 1986 and it became known as CSX Transportation . CSX Corporation currently has a number of subsidiaries beyond CSX Transportation. Previously based in Richmond, Virginia after

2496-548: Was important for the new name to include neither of those names because it was a partnership. Employees were asked for suggestions, most of which consisted of combinations of the initials. At the same time, a temporary shorthand name was needed for discussions with the Interstate Commerce Commission . "CSC" was chosen but belonged to a trucking company in Virginia . "CSM" (for "Chessie-Seaboard Merger")

2548-415: Was put up for sale in July 2020. On November 30, 2020, an agreement was announced for CSX Corporation (parent company for CSX Transportation ) to acquire Pan Am Systems. Norfolk Southern has expressed concern about possible impacts on competition. The sale was proposed as follows: CSX will own and operate between Mattawamkeag, ME and Ayer, MA. Between Ayer and Rotterdam, NY, Genesee & Wyoming will be

2600-657: Was sold to Canadian Pacific in 1991. In 1998, Guilford bought the name, colors, and logo of Pan American World Airways . In March 2006, Guilford Transportation Industries changed its name to Pan Am Railways (PAR). Then in March 2009, PAR was ordered to pay the largest corporate criminal fine in Massachusetts history — $ 500,000 — due to the company's negligence to report a spill of hundreds of gallons of diesel fuel in violation of state and federal environmental laws and regulations. As of 2011, PAR employed 750 people and had

2652-516: Was still pending, Guilford announced it intended to purchase the Delaware and Hudson Railway from its then owner Norfolk and Western Railway on September 1, 1981, marking the company's third acquisition. The next month, Timothy Mellon made an offer of $ 500,000 for the entirety of the D&H's stock, which was identical to the amount the Norfolk and Western had paid to buy the D&H in 1968. Both

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2704-544: Was transferred to PAS, while its operations and maintenance were handled by PAR's ST subsidiary. NS transferred to PAS cash and property valued at $ 140 million. Improvements to the route included track and signal upgrades, and expansion of terminals, including construction of new automotive and intermodal terminals in Ayer and Mechanicville. In March 2012, the Federal Railroad Administration awarded

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