Pan Am Systems
Encyclopedia
Pan Am Systems is a privately held company
that controls the following divisions: rail transport
; manufacturing and energy; transportation related brands; real estate
; and a now-defunct airline
division. The company is headquartered in Portsmouth, New Hampshire
.
Guilford Transportation Industries was formed in 1977. The company 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 purchase of the Boston and Maine Corporation, and in 1984 it purchased the Delaware and Hudson Railway
. In 1988, Guilford declared D&H bankrupt. D&H employees took it over, with the New York, Susquehanna and Western Railway
managing it. The employees then sold out in 1991 to the Canadian Pacific Railway
.
Guilford purchased the name, colors, and logo of Pan American World Airways
in 1998. In March 2006, Guilford changed its name to Pan Am Systems.
The company is privately owned by Timothy Mellon
, an heir to the Mellon
banking fortune, and several other stakeholders including David Fink and son David A. Fink.
Privately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...
that controls the following divisions: rail transport
Rail transport
Rail transport is a means of conveyance of passengers and goods by way of wheeled vehicles running on rail tracks. In contrast to road transport, where vehicles merely run on a prepared surface, rail vehicles are also directionally guided by the tracks they run on...
; manufacturing and energy; transportation related brands; real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
; and a now-defunct airline
Airline
An airline provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit...
division. The company is headquartered in Portsmouth, New Hampshire
Portsmouth, New Hampshire
Portsmouth is a city in Rockingham County, New Hampshire in the United States. It is the largest city but only the fourth-largest community in the county, with a population of 21,233 at the 2010 census...
.
History
Delaware and Hudson Railway
The Delaware and Hudson Railway is a railroad that operates in the northeastern United States. Since 1991 it has been a subsidiary of the Canadian Pacific Railway, although CPR has assumed all operations and the D&H does not maintain any locomotives or rolling stock.It was formerly an important...
. In 1988, Guilford declared D&H bankrupt. D&H employees took it over, with the New York, Susquehanna and Western Railway
New York, Susquehanna and Western Railway
The New York, Susquehanna and Western Railway , also known as the Susie-Q, or simply the Susquehanna, is a Class II American freight railway operating over 500 miles of track in the northeastern states of New York, Pennsylvania and New Jersey. It was formed in 1881 from the merger of several...
managing it. The employees then sold out in 1991 to the Canadian Pacific Railway
Canadian Pacific Railway
The Canadian Pacific Railway , formerly also known as CP Rail between 1968 and 1996, is a historic Canadian Class I railway founded in 1881 and now operated by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001...
.
Guilford purchased the name, colors, and logo of Pan American World Airways
Pan American World Airways
Pan American World Airways, commonly known as Pan Am, was the principal and largest international air carrier in the United States from 1927 until its collapse on December 4, 1991...
in 1998. In March 2006, Guilford changed its name to Pan Am Systems.
The company is privately owned by Timothy Mellon
Timothy Mellon
Timothy Mellon is chairman and majority owner of Pan Am Systems, a transportation holding company.The son of Paul Mellon and his first wife, Mary Conover Brown, Timothy Mellon holds a degree in city planning from Yale University...
, an heir to the Mellon
Mellon family
The Mellon family is a wealthy and influential family originally of Pittsburgh, Pennsylvania, United States, and its vicinity. In addition to Mellon Bank they were principally known for their control over Gulf Oil, Alcoa, Pittsburgh Tribune-Review and Koppers, as well as their major influence on...
banking fortune, and several other stakeholders including David Fink and son David A. Fink.
Air
- Pan American AirwaysPan American Airways (1998-2004)Pan American Airways was a United States airline that operated scheduled services in the eastern USA, as well as charters for tour operators and services to the Dominican Republic.- History :...
, the defunct fully certifiedAir Operator's CertificateAn air operator's certificate is the approval granted from a national aviation authority to an aircraft operator to allow it to use aircraft for commercial purposes. This requires the operator to have personnel, assets and system in place to ensure the safety of its employees and the general public...
airline, which was relinquished on November 1, 2004. - Boston-Maine AirwaysBoston-Maine AirwaysBoston-Maine Airways was an American airline headquartered in Portsmouth, New Hampshire, United States. It operated scheduled commuter services under the Pan Am Clipper Connection banner. Its main base was Pease International Airport, Portsmouth...
/Pan Am Clipper Connection, the formerly certified airline, which operated charter and scheduled passenger airlinePassenger airlineA passenger airline is an airline dedicated to the transport of passengers. Cf. cargo airline. Passenger airlines usually operate a fleet of passenger aircraft which, rather than being owned outright, are usually leased from commercial aircraft sales and leasing companies such as GECAS and...
services between the northeastern United States and FloridaFloridaFlorida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
and the CaribbeanCaribbeanThe Caribbean is a crescent-shaped group of islands more than 2,000 miles long separating the Gulf of Mexico and the Caribbean Sea, to the west and south, from the Atlantic Ocean, to the east and north...
under the Pan Am Clipper Connection brand. In February 2008 the U.S. Department of Transportation proposed the revocation of Boston-Maine's air carrier certification, as it "is not financially fit and does not possess the managerial competence to conduct any air transportation operations and has failed to comply with the regulations governing its operations." Services ended February 29, 2008.
- Pan Am Services, originally an aircraft service and support center, now a dealer of aircraft spare parts.
- Facilities in Dover, New HampshireDover, New HampshireDover is a city in Strafford County, New Hampshire, in the United States of America. The population was 29,987 at the 2010 census, the largest in the New Hampshire Seacoast region...
and Portsmouth, New HampshirePortsmouth, New HampshirePortsmouth is a city in Rockingham County, New Hampshire in the United States. It is the largest city but only the fourth-largest community in the county, with a population of 21,233 at the 2010 census...
.
- Facilities in Dover, New Hampshire
Manufacturing and energy
- Perma Treat Corporation, manufacturer of railroad tieRailroad tieA railroad tie/railway tie , or railway sleeper is a rectangular item used to support the rails in railroad tracks...
s and other pressure-treated wood products.- Facilities in Mattawamkeag, MaineMattawamkeag, MaineMattawamkeag is a town in Penobscot County, Maine, United States located where the Mattawamkeag River joins the Penobscot River. The population was 825 at the 2000 census.-Railroad history:Mattawamkeag's history is inextricably linked to the railroad....
and Durham, ConnecticutDurham, ConnecticutDurham is a town in Middlesex County, Connecticut, United States. Durham is a former farming village on the Coginchaug River in central Connecticut. The population was 6,627 at the 2000 census. Every autumn, the town hosts the Durham Fair, the largest volunteer agricultural fair in New...
.
- Facilities in Mattawamkeag, Maine
- Aroostook & Bangor Resources, Inc., recycles used railroad ties to generate electricity.
- Facilities in Mattawamkeag, Maine.
Rail
- Pan Am RailwaysPan Am RailwaysPan Am Railways, Inc. , known as Guilford Rail System before March 2006, is a holding company that owns and operates Class II regional railroads covering northern New England from Mattawamkeag, Maine to Rotterdam Junction, New York...
(formerly Guilford Rail System), a regional freight railroad network that covers most of northern New EnglandNew EnglandNew England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
. Subsidiaries that make up the Pan Am Railways network:- Boston and Maine Corporation
- Maine Central Railroad Company
- Portland Terminal CompanyPortland Terminal CompanyThe Portland Terminal Company was a terminal railroad notable for its control of switching activity for the Maine Central and Boston & Maine railroads in the Maine cities of Portland, South Portland, and Westbrook.- History :...
- Springfield Terminal Railway Company
- Pan Am Systems also owns 50% of Pan Am SouthernPan Am SouthernPan Am Southern, LLC is a freight railroad jointly owned by Norfolk Southern Railway and Pan Am Railways . PAS owns trackage known as the Patriot Corridor between Albany, New York and the greater Boston, Massachusetts area, utilizing rail lines formerly owned by the Boston and Maine Corporation...
, a joint venture of Pan Am Railways and Norfolk Southern RailwayNorfolk Southern RailwayThe Norfolk Southern Railway is a Class I railroad in the United States, owned by the Norfolk Southern Corporation. With headquarters in Norfolk, Virginia, the company operates 21,500 route miles in 22 eastern states, the District of Columbia and the province of Ontario, Canada...
.
- Guilford Motor Express, providing intermodalIntermodal freight transportIntermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation , without any handling of the freight itself when changing modes. The method reduces cargo handling, and so improves security, reduces damages and...
loading/unloading/warehousing services.
Real estate
- NorthPoint, a mixed-use development in Cambridge, MassachusettsCambridge, MassachusettsCambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...
.
Transportation-related brands
- Pan Am Brands, distributor of consumer goods bearing the Pan Am logo.
- Pan Am Brands licensesBrand licensingLicensing means renting or leasing of an intangible asset. Examples of intangible assets include a song , a character , a name or a brand . An arrangement to license a brand requires a licensing agreement...
the name and logos to other companies for certain purposes. An example is Sony Pictures TelevisionSony Pictures TelevisionSony Pictures Television, Inc. is an American and global television production/distribution subsidiary of Sony Pictures Entertainment. In turn, the latter is part of the Japanese conglomerate Sony.-Background:...
, which licensed the brand for the Pan AmPan Am (TV series)Pan Am is an American period drama television series created by writer Jack Orman. Named for the iconic Pan American World Airways, the series focuses on the pilots and stewardesses of the airline as it operated in the early 1960s at the beginning of the commercial jet age.Sony licensed the rights...
TV series.
- Pan Am Brands licenses
External links
- panam.com Pan Am Brands official web site
- panambrands.com redirects to panam.com
- flypanam.com redirects to panam.com
- panamrailways.com Pan Am Railways official web site
- guilfordrail.com redirects to panamrailways.com
- panamservices.com Pan Am Services official web site
- northpointcambridge.com NorthPoint official web site