Pan Am Railways, Inc. (PAR), known before March 2006 as Guilford Rail System, is an American holding company that owns and operates Class II regional railroads covering northern New England from Mattawamkeag, Maine, to Rotterdam Junction, New York. The primary subsidiaries of Pan Am Railways are Boston and Maine Corporation, Maine Central Railroad Company, Portland Terminal Company, and Springfield Terminal Railway Company.
Pan Am Railways is headquartered in Iron Horse Park in North Billerica, Massachusetts. It is a subsidiary of Portsmouth, New Hampshire-based Pan Am Systems, formerly known as Guilford Transportation Industries. Guilford bought the name, colors, and logo of Pan American World Airways in 1998.
Pan Am was put up for sale in July 2020. On November 30, 2020, CSX Transportation announced that it had signed a definitive agreement to purchase Pan Am Railways, Inc. The sale of Pan Am to CSX is currently subject to regulatory review and approval by the Surface Transportation Board.
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