Earlier this week, the Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, signed off on the revised merger application filed by Jacksonville-based Class I railroad carrier CSX Transportation Inc. to acquire control of North Billerica, Mass.-based short-line railroad carrier Pan Am Systems Inc. and its short-line railroad subsidiaries.
Source: logistics Mgmt