By Michael Kitch, NH Business Review; June 30, 2020
Pan Am Railways, the largest regional railroad in North America and operator of 1,700 miles of track in the Northeast, including 121 in New Hampshire, is for sale, Trains Industry Newsletter reported this week.
The report quotes Anthony Hatch, an industry analyst, to say, “I would expect that everyone is going to be interested in it,” noting that financial firms have taken growing interest in regional and shortline railroads, which has led to rising valuations. Pan Am Railways (PAR) has been profitable since it began in 1981.