March 11, 2009
Pan Am Railways and Norfolk Southern Receive Approval to Improve Rail Service in New York and New England
NORTH BILLERICA**, MASS. , NORFOLK , VA. – Pan Am Railways (PAR) and Norfolk Southern Railway Company (NS) have received governmental approvals for their proposed Pan Am Southern joint venture, clearing the way for more than $87 million in rail infrastructure investment designed to significantly enhance the service capabilities and commercial offerings that NS and PAR provide in upstate New York and New England . The U.S. Surface Transportation Board’s approval of the joint venture will become effective as of 12:01 a.m. (EDT), April 9, 2009. Pan Am Southern is expected to commence operation on or about May 1, 2009.**