Pan Am Systems Company Description
Through its operating units, transportation holding company Pan Am Systems moves freight on the rails rather than passengers in the sky. The company's primary subsidiary, Pan Am Railways, maintains a network of about 2,000 miles of track in Connecticut, Maine, Massachusetts, New Hampshire, New York, Vermont, and Canada's Atlantic provinces. Another subsidiary, Pan American Airways, provided scheduled passenger transportation, mainly in the northeastern and mid-Atlantic US, before halting those operations in 2008. Chairman Timothy Mellon, an heir to the Mellon banking family fortune, controls Pan Am Systems.
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The Company Description provides a historical perspective of Pan Am Systems's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Pan Am Systems's evolution in the marketplace.
