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Pan Am Systems
Pan Am Systems was a privately held Portsmouth, New Hampshire-based Florida corporation composed of rail transport, manufacturing and energy, transportation related brands, and real estate divisions. It formerly held a now-defunct airline division. Pan Am Systems was put up for sale in July 2020. On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board, which approved the sale on April 14, 2022. At midnight on June 1, 2022, CSX began operating Pan Am Systems and its Pan Am Railways, Pan Am Systems was merged into a temporary subsidiary of CSX which will eventually merge into CSX. History 1981–2020 Guilford Transportation Industries (GTI) was formed in 1981. GTI entered the railroad business in 1981 with its purchase of the Maine Central Railroad Company from U.S. Filter Corporation. This was followed by its 1983 p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Timothy Mellon
Timothy Mellon (born July 22, 1942) is an American businessman, and the chairman and majority owner of Pan Am Systems, a Portsmouth, New Hampshire-based transportation holding company. He is a grandson of Andrew W. Mellon and an heir to the Mellon banking fortune. Early life The son of Paul Mellon and his first wife, Mary Conover Brown, Timothy Mellon holds a degree in city planning from Yale University. He is the grandson of Treasury Secretary Andrew Mellon. Career He was the chief financier in the 1977 formation of Guilford Transportation Industries (GTI), a holding company named for his native Guilford, Connecticut. In 1981, GTI purchased the Maine Central Railroad from U.S. Filter Corporation, adding the Boston and Maine Corporation, Boston & Maine and Delaware and Hudson Railway, Delaware & Hudson railroads in 1983 and 1984, respectively, and in 1998 purchased the brand of bankrupt Pan American World Airways. The Pan Am name was subsequently succeeded by "Pan Am Clipper Conn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charter Airline
Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a ticket through a traditional airline). Regulation Charter – also called air taxi or ad hoc – flights require certification from the associated country's civil aviation authority. The regulations are differentiated from typical commercial/passenger service by offering a non-scheduled service. Analogous regulations generally also apply to air ambulance and cargo operators, which are often also ad hoc for-hire services. United States In the U.S. these flights are regulated under FAA Part 135. There are some cases where a charter operator can sell scheduled flights, but only in limited quantities. As of 2021, the FAA had made it a priority to crack down on unauthorised charter flights, according to industry experts. Types of service There are several business models which offer air charter services from the traditional charter operator to br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston-Maine Airways
Boston-Maine Airways was an American airline headquartered in Portsmouth, New Hampshire, United States. It operated scheduled commuter services as well as Boeing 727 jet flights under the Pan Am Clipper Connection name. Its main base was Pease International Airport. Boston-Maine Airways ceased all Pan Am flights on February 29, 2008.Pan Am stops flying . ''USA Today''. 2008-03-03. History 
Boston-Maine Airways was established in March 1999 and started operations in May 2000. It was founded as a feeder for the [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan American Airways (1998–2004)
Pan American Airways (also known as Pan Am III) was a United States airline that operated scheduled services in the eastern US, as well as charters for tour operators and services to the Dominican RepublicFlight International 12–18 April 2005 and to Puerto Rico. History The Pan Am brand was sold by the second incarnation of Pan American World Airways to New Hampshire-based Guilford Transportation Industries, a railroad company headed by Timothy Mellon. After this transaction, a new airline was established on June 29, 1998. Guilford launched Pan American Airways with a fleet of seven Boeing 727-200s. This airline was nicknamed by some as ''Pan Am III''. The third incarnation began scheduled operations on October 7, 1999, and flew to nine cities in New England, Florida, the Canadian Maritimes and Puerto Rico. The focus was on secondary airports such as Orlando Sanford International Airport, Pease International Airport and Worcester Regional Airport. The new owners relocated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trains Magazine
''Trains'' is a monthly magazine about trains and railroads aimed at railroad enthusiasts and railroad industry employees. The magazine primarily covers railroad happenings in the United States and Canada, but has some articles on railroading elsewhere. It is among the 11 magazines published by Kalmbach Media, based in Waukesha, Wisconsin. It was founded as ''Trains'' in 1940 by publisher Al C. Kalmbach and editorial director Linn Westcott. From October 1951 to March 1954, the magazine was named ''Trains and Travel''. Jim Wrinn, a former reporter and editor at the ''Charlotte Observer ''The Charlotte Observer'' is an American English-language newspaper serving Charlotte, North Carolina, and its metro area. The Observer was founded in 1886. As of 2020, it has the second-largest circulation of any newspaper in the Carolinas. I ...'', served as editor from 2004 until his death in 2022. Carl A. Swanson succeeded him. Editors * Al C. Kalmbach, 1940–1948 * Willard V. Anderso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norfolk Southern
The Norfolk Southern Railway is a Class I freight railroad in the United States formed in 1982 with the merger of Norfolk and Western Railway and Southern Railway. With headquarters in Atlanta, the company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montréal route of the Canadian Pacific Railway. NS is responsible for maintaining , with the remainder being operated under trackage rights from other parties responsible for maintenance. Intermodal containers and trailers are the most common commodity type carried by NS, which have grown as coal business has declined throughout the 21st century; coal was formerly the largest source of traffic. The railway offers the largest intermodal rail network in eastern North America. NS was also the pioneer of Roadrailer service. Norfolk Southern and its chief competitor, CSX Transportation, have a duopoly on the transcontinental freight rail l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CSX Transportation
CSX Transportation , known colloquially as simply CSX, is a Class I freight railroad operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles () of track. The company operates as the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida. CSX Corporation (the parent of CSX Transportation) was formed in 1980 from the merger of Chessie System and Seaboard Coast Line Industries, two holding companies which controlled a number of railroads operating in the Eastern United States. Initially only a holding company itself, the subsidiaries that made up CSX Corporation were gradually merged, with this process completed in 1987. CSX Transportation formally came into existence in 1986, as the successor of Seaboard System Railroad. In 1999, CSX Transportation acquired approximately half of Conrail, in a joint purchase with competitor Norfolk Southern Rai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn Central Transportation Company
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), all united by heavy service into the New York metropolitan area and (to a lesser extent) New England and Chicago. The new company failed barely two years after formation, the largest bankruptcy in U.S. history at the time. The Penn Central's railroad assets were nationalized into Conrail along with the other bankrupt northeastern roads; its real estate and insurance holdings successfully reorganized into American Premier Underwriters. History Pre-merger The Penn Central railroad system developed in response to challenges facing northeastern American railroads during the late 1960s. While railroads elsewhere in North America drew revenues from long-distance shipments of commodities s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mellon Family
The Mellon family is a wealthy and influential American family from Pittsburgh, Pennsylvania. The family includes Andrew Mellon, one of the longest-serving U.S. Treasury Secretaries, along with prominent members in the judicial, banking, financial, business, and political professions, as well as a famous recluse, Cordelia Scaife May. History The American branch of the Mellon family traces its origins to County Tyrone, Northern Ireland. In 1816, Archibald Mellon emigrated from Northern Ireland to the United States and set up residence in Westmoreland County, Pennsylvania. Two years later, Archibald was joined by his son, Andrew, and his family. The family's wealth originated with Mellon Bank, founded in 1869 by Archibald's grandson. Thomas Mellon. Under the direction of Thomas's son, Andrew William Mellon, the Mellons became principal investors and majority owners of Gulf Oil (which merged with Chevron Corporation in 1985), Alcoa (since 1886), ''The Pittsburgh Tribune-Review'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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