Pan Am Railways
 |
|
| Private | |
| Industry | Rail transport |
| Founded | 1981 (Guilford Transportation Industries) 2006 (Pan Am Railways) |
| Founder | Timothy Mellon |
| Headquarters | North Billerica, Massachusetts, United States of America |
|
Area served
|
Northeast |
|
Key people
|
Timothy Mellon David Fink David A. Fink |
|
Number of employees
|
750 (2011) |
| Parent | Pan Am Systems |
| Subsidiaries |
Boston and Maine Corporation Maine Central Railroad Company Portland Terminal Company Springfield Terminal Railway Company |
| Website | panamrailways |
Pan Am Railways, Inc. (PAR), formerly known as Guilford Rail System (GRS) before March 2006, is an American holding company that owns and operates Class II regional railroads covering northern New England from Mattawamkeag, Maine, to Rotterdam Junction, New York. The primary subsidiaries of Pan Am Railways are Boston and Maine Corporation (reporting mark BM), Maine Central Railroad Company (reporting mark MEC), Portland Terminal Company (reporting mark PTM), and Springfield Terminal Railway Company (reporting mark ST); BM and MEC are operated under lease by ST.
Pan Am Railways is headquartered in Iron Horse Park in North Billerica, Massachusetts. It is a subsidiary of Portsmouth, New Hampshire-based Pan Am Systems, formerly known as Guilford Transportation Industries (GTI). Guilford bought the name, colors and logo of Pan American World Airways in 1998.
During much of the twentieth century the trend has been for heavy manufacturing industry to move out of New England, making the region primarily a receiver of freight traffic rather than an originator. The ways to make money in the railroad business are to originate freight or carry it a long distance. New England's railroads have long been handicapped by a traffic flow that makes them delivery agents for other railroads and by short distances. Practically the longest one-railroad haul in New England was Boston & Maine's (B&M) route from the Hudson River to Portland, Maine, 267 miles (430 km) — less than one-eighth of the distance from Seattle to Chicago on the BNSF Railway.
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Wikipedia