New Portland rail link to facilitate container shipments
Pan Am Railways inaugurated the expanded container terminal at the Port of Portland with the shipment by train of 15 containers of Poland Spring bottled water, the Kennebec Journal reported.
The terminal was modernized and the rail was extended by 1,500 feet, thanks to a $29 million investment of state and federal money. Pan Am trains will carry containers delivered by both truck and by ship.
Pan Am Railways is North America's largest regional railroad system, with routes stretching from Saint John and St. Leonard, New Brunswick, to Rotterdam Junction, N.Y., and Derby, Conn., according to the company’s website.
The railway link is the latest development on a changing Portland waterfront. In 2013, Phineas Sprague sold the 10-acre Portland Co. complex on the city's eastern waterfront to the CPB2 LLC development group, an area of the city's waterfront long identified as well suited for a mix of offices, restaurants and retail businesses.
The Icelandic shipping company Eimskip relocated its North American headquarters to Portland to take leverage new trade opportunities at the International Marine Terminal just west of the central waterfront zone.
On the western-most end is the mixed-use development of the $105 million Thompson's Point project.
Pan Am entered the rail business in 1981 when the company, then known as Guilford Transportation Industries, purchased the Maine Central Railroad, followed by the purchase of the bankrupt Boston & Maine. In 1998, GTI purchased Pan Am Airways from bankruptcy and revived the airline. In 2006, the railroad was re-branded as Pan Am as well.
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