CSX Acquiring Pan Am Railways

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NORTH ADAMS, Mass. — CSX Corp. says it has signed an agreement to acquire North Billerica-headquartered Pan Am Railways Inc. 
 
Pan Am is considered the largest regional railroad with a 1,700-mile rail network in New England and New York and a partial interest in the more than 600-mile Pan Am Southern system. Its tracks run through the Hoosac Tunnel. 
 
"Pan Am is pleased to reach this agreement with CSX, a North American leader in rail-based freight transportation," Pan Am President David A. Fink said in a statement announcing the deal. "This is great news for New England shippers and the national freight network overall."
 
Pan Am, previously known as Guilford Rail System, had indicated earlier in the year that it was up for sale. 
 
CSX is a major East Coast freight shipper headquartered in Jacksonville, Fla., covering more than 21,000 miles.
 
The transaction will expand CSX's reach in Connecticut, New York and Massachusetts while adding Vermont, New Hampshire and Maine to its existing 23-state network. 
 
CSX officials say the transaction will provide significant benefits to shippers and local communities with Pan Am's integration. CSX made nearly $1.5 billion in infrastructure capital expenditures in its network in 2019, supporting economic growth and ensuring the safety and efficiency of the supply chain.
 
"In Pan Am, CSX gains a strong regional rail network in one of the most densely populated markets in the U.S., creating new efficiencies and market opportunities for customers as we continue to grow," said James M. Foote, president and chief executive officer of CSX, in the statement. "We intend to bring CSX's customer-centric focus and industry-leading operating model to shippers and industries served by Pan Am. We look forward to integrating Pan Am into CSX, with substantial benefits to the rail-served industries of the Northeast, and to working in partnership with connecting railroads to provide exceptional supply chain solutions to New England and beyond."
 
The transaction is subject to regulatory review and approval by the Surface Transportation Board. Trains.com reports that the purchase price was about $700 million.  

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McCann and Taconic Awarded CTI Grants

Staff Reports
NORTH ADAMS, Mass. — The Healey-Driscoll Administration announced $525,482 in Career Technical Initiative (CTI) implementation grants awarded to two organizations in the Berkshires to train 80 individuals for careers in high-demand occupations within the trades, construction, and manufacturing sectors in the region. 
 
In North Adams, McCann Technical School was awarded $344,871 to provide training to 60 participants for Automotive Technician, Advanced Manufacturing, and Welding positions. They will partner with T&M Auto Sales Inc., Berkshire Bridge & Iron Co. Inc., Haddad GMC, Haddad Subaru, Bedard Brothers Auto Sales Inc., Lenco Armored Vehicles, TOG Manufacturing, Sinicon Plastics, Adams Plumbing & Heating Inc., and Gills Point S Tire.
 
"We are excited to be working with our MassHire team to continue to address our workforce needs and build talent pipelines and career pathways in Advanced Manufacturing, Welding and Automotive Technician," McCann Superintendent James Brosnan said. "This CTI award will provide hands-on training and support as we continue to expand our skilled talent pool for employers in the Berkshires."
 
In Pittsfield Taconic High School was awarded $180,610 to provide training to 20 participants for Metal Fabrication and Auto Technology positions. They will partner with O.W. Landergren Inc., Lenco Industries Inc., Bedard Brothers, Haddad's Auto Group, and RW's Auto Inc.
 
"Pittsfield Public Schools is incredibly grateful to the Healey-Driscoll Administration and Commonwealth Corporation for the CTI award to Taconic High School. This grant will have a significant and lasting impact on our community by providing skilled technicians to address critical shortages in Berkshire County," said Superintendent Joseph Curtis. "We are excited to partner with Lenco Industries, Haddads, Bedards, RW Auto, O.W. Landergren, Northeast Fabricators, and the MassHire Berkshire Career Center. These partnerships will serve as a catalyst for positive change, ensuring that our trainees are well-prepared for the challenges and opportunities of the 21st-century workforce, while simultaneously strengthening our local economy."
 
The CTI grant program, a state-funded workforce initiative, partners with career and technical education schools to provide adult learners, especially unemployed and underemployed individuals from underserved populations and underrepresented groups, with career training and technical skills to meet the needs of Massachusetts employers. The program transforms career and technical education schools across the state to become "Career Technical Institutes" that run after dark programs in the construction/trades, manufacturing, and skilled trades career pathways. 
 
"Addressing our workforce needs and building talent pipelines and career pathways in construction, trades and manufacturing sectors is a priority for this administration," said Governor Maura Healey. "CTI offers hands-on training that will support our jobseekers, workers and employers. We're proud to expand the CTI awards to these two schools in the Berkshires to strengthen our workforce and grow our economy throughout the state."  
 
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