History
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.
Read more about this topic: Pan Am Systems
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