Talk:Pan Am Systems

Complaint
"GTI has totally alienated its workforce" is a POV statement and a generalization. Should be phrased more objectively by someone familiar with the situation. —Preceding unsigned comment added by 18.36.0.137 (talk) 2 February 2005

Pan Am Systems and CSX
The reports that indicate that CSX is purchasing Pan Am Railways from Pan Am Systems is not accurate. CSX is purchasing all of Pan Am Systems, here’s what it says on the STB revised report:

“Specifically, Systems would be merged with 747 Merger Sub 1, Inc., with Systems surviving. Immediately thereafter, Systems would be merged with 747 Merger Sub 2, with 747 Merger Sub 2 surviving and the separate corporate existence of Systems ceasing. 747 Merger Sub 2, as the surviving corporation, would be renamed Pan Am Systems, Inc., and would be a wholly owned subsidiary of CSXC. Concurrent with closing, CSXC would contribute Pan Am Systems, Inc., and all of its subsidiaries to CSXT. CSXT would thereafter control the rail carrier subsidiaries of Pan Am Systems, Inc., and at a future time yet to be determined, would merge those subsidiaries, except V&M, into CSXT.”

So CSX is purchasing Pan Am Systems and replaced it with a short lived new Pan Am Systems instead of just purchasing Pan Am Railways. Here’s the report I’m talking about- https://www.progressiverailroading.com/resources/editorial/2022/50875.pdf

Granthew (talk) 00:26, 13 January 2022 (UTC)