Pan Am Systems
| 150px | |
| Private | |
| Industry | rail transport manufacturing and energy transportation related brands real estate |
| Founded | 1977 (as Guilford Transportation Industries) |
| Founder | Timothy Mellon |
| Headquarters | Portsmouth, New Hampshire, United States of America |
| Subsidiaries | Pan Am Railways Pan Am Southern (50%) Pan Am Services Pan Am Brands Perma Treat Corp. Aroostook & Bangor Resources NorthPoint |
Pan Am Systems (formerly Guilford Transportation Industries) 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,[1] in the United States.
Contents
History
Guilford Transportation Industries (GTI) was formed in 1977.[2] GTI entered the railroad business in 1981 with its purchase of the Maine Central Railroad from U.S. Filter Corporation. This was followed by its 1983 purchase of the Boston & Maine Railroad, and in 1984 it purchased the Delaware & Hudson Railway (D&H). In 1988, GTI declared D&H bankrupt. D&H employees took it over, with the New York, Susquehanna & Western Railway managing it. The employees then sold out in 1991 to the Canadian Pacific Railway.
GTI purchased the name, colors, and logo of Pan American World Airways in 1998. In March 2006, GTI 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 former Penn Central employee David Fink and son David A. Fink.
Divisions
Air
- Pan American Airways, the defunct fully certified airline, which was relinquished on November 1, 2004.
- Boston-Maine Airways/Pan Am Clipper Connection, the formerly certified airline, which operated charter and scheduled passenger airline services between the northeastern United States and Florida and the Caribbean 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." [3] Services ended February 29, 2008.
- Pan Am Services, originally an aircraft service and support center, now a dealer of aircraft spare parts.[4]
- Facilities in Dover, New Hampshire and Portsmouth, New Hampshire.
Manufacturing and energy
- Perma Treat Corporation, manufacturer of railroad ties and other pressure-treated wood products.[2]
- Facilities in Mattawamkeag, Maine and Durham, Connecticut.
- Aroostook & Bangor Resources, Inc., recycles used railroad ties to generate electricity.[5]
- Facilities in Mattawamkeag, Maine.
Rail
- Pan Am Railways (formerly Guilford Rail System), a regional freight railroad network that covers most of northern New England. Subsidiaries that make up the Pan Am Railways network:
- Boston and Maine Corporation
- Maine Central Railroad Company
- Portland Terminal Company
- Springfield Terminal Railway Company
- Pan Am Systems also owns 50% of Pan Am Southern, a joint venture of Pan Am Railways and Norfolk Southern Railway.
- Guilford Motor Express, providing intermodal loading/unloading/warehousing services.[6]
Real estate
- NorthPoint, a mixed-use development in Cambridge, Massachusetts.
- Pan Am Brands, distributor of consumer goods bearing the Pan Am logo.[7]
- Pan Am Brands licenses the name and logos to other companies for certain purposes.[8] An example is Sony Pictures Television, which licensed the brand for the Pan Am TV series.[9]
See also
References
- ↑ Pan Am Systems, Inc. - Company profile from Hoover's
- ↑ 2.0 2.1 Pan Am company newsletter, January 2006
- ↑ DOT ready to pull Boston-Maine's license to fly
- ↑ Pan Am Services
- ↑ Profile of David A. Fink
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Pan Am Brands
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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
