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Pan Am Systems was put up for sale in July 2020. [3] On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board, [4] [5] which approved the sale on April 14, 2022. [6]
Several years later he rebranded it Pan Am Systems after he bought the logo and name from the defunct airline. In 2020, Mellon sold the company to CSX Transportation for $600 million.
Timothy Mellon (born July 22, 1942) is an American businessman, the grandson of Andrew Mellon, and an heir to the Mellon banking fortune. [1] As of June 2024, Forbes estimated the Mellon family's net worth at $14.1 billion. [2] He is a major donor to the Republican Party.
Timothy Mellon made his donation on May 31, 2024, just one day after Trump was found guilty in the hush-money trial. ... Mellon, 81, previously served as the chairman of Pan AM Systems Inc ...
The huge sum, donated by Timothy Mellon to Trump Super PAC MAGA Inc., was the largest federal individual campaign contribution so far this election cycle. The donation made up most of the $68.8 ...
Pan Am Railways parent Pan Am Systems was put up for sale in July 2020. [3] On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board , [ 4 ] [ 5 ] which approved the sale on April 14 ...
Conservative billionaire Timothy Mellon, an heir of the Pittsburgh-based Mellon banking family, gave another $50 million last month to a super PAC supporting Republican Donald Trump's presidential ...
Timothy Mellon (b. 1942), chairman and majority owner of Pan Am Systems, a transportation holding company that was based in Portsmouth, New Hampshire and was subsequently sold to CSX Transportation. James Ross ("Jay") Mellon II (b. 1942), author of books about Abraham Lincoln , slavery in America, and his family's founding patriarch, Thomas ...