(Source: Railway Age, June 30, 2020)
NEW YORK — An industry observer who spoke with Railway Age on the condition of anonymity said that Pan Am Railways is indeed for sale, with BMO Financial Group handling a transaction for principal owner Tim Mellon, 78, and other investors. Our source, an independent observer, outlined possible courses of action for the New England regional railroad, within the context of what’s going on in the marketplace.
Full story: Railway Age