CN and Watco Reach Agreement on Sale of Rail Lines in ...
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For Immediate Release CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan PITTSBURG, KS (March 30, 2021) – Watco is pleased to announce the signing of an agreement with Canadian National Railway subsidiaries Wisconsin Central Ltd. and Algoma Central Railway Inc. to purchase certain rail assets of the Wisconsin Central (WCR) and Algoma Central (ACR). “Watco’s relationship continues to grow and flourish with Canadian National as we work together to provide the best value-added services to rail shippers in North America,” said Watco Chief Executive Officer Dan Smith. “This announcement is an extremely important and exciting next step in this relationship, and we look forward to serving these crucial customers and expanding our footprint in the Upper Midwest and Canada.” The rail lines consist of approximately 900 miles of track serving more than 90 customers in Wisconsin, Michigan, and Ontario. The lines handle a diverse group of commodities including packaging and paper products, lumber and building materials, metals, minerals, agriculture products, and chemicals. “This acquisition from Canadian National will lead to significant growth and expansion opportunities,” said Watco Chief Commercial Officer Stefan Loeb. “We look forward to providing Watco’s customizable and localized service to customers along the line, and creating a positive impact on all of the communities we will operate in.” In addition to freight service, Watco is looking forward to working with local constituents to reinstate the renowned scenic passenger rail service that runs through Ontario’s Agawa Canyon out of Sault Ste. Marie once post-pandemic conditions allow. ### About Watco Watco is a leading transportation service and logistics company. Meeting customer needs on a day-to- day basis has enabled Watco to continually grow throughout our nearly 40-year history. Today, Watco owns or operates nearly 7,500 miles of rail over 44 short lines and provides industrial switching services. The company provides material handling and warehousing through more than 80 terminals it owns or operates. Watco also operates 10 railcar repair shops in addition to providing mobile and dedicated railcar repair services. For more information, visit watco.com. Media Contact Tracie VanBecelaere Watco (620) 704-1288 [email protected]
Transcript of CN and Watco Reach Agreement on Sale of Rail Lines in ...
For Immediate Release
CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan
PITTSBURG, KS (March 30, 2021) – Watco is pleased to announce the signing of an agreement with Canadian National Railway subsidiaries Wisconsin Central Ltd. and Algoma Central Railway Inc. to purchase certain rail assets of the Wisconsin Central (WCR) and Algoma Central (ACR).
“Watco’s relationship continues to grow and flourish with Canadian National as we work together to provide the best value-added services to rail shippers in North America,” said Watco Chief Executive Officer Dan Smith. “This announcement is an extremely important and exciting next step in this relationship, and we look forward to serving these crucial customers and expanding our footprint in the Upper Midwest and Canada.”
The rail lines consist of approximately 900 miles of track serving more than 90 customers in Wisconsin, Michigan, and Ontario. The lines handle a diverse group of commodities including packaging and paper products, lumber and building materials, metals, minerals, agriculture products, and chemicals.
“This acquisition from Canadian National will lead to significant growth and expansion opportunities,” said Watco Chief Commercial Officer Stefan Loeb. “We look forward to providing Watco’s customizable and localized service to customers along the line, and creating a positive impact on all of the communities we will operate in.”
In addition to freight service, Watco is looking forward to working with local constituents to reinstate the renowned scenic passenger rail service that runs through Ontario’s Agawa Canyon out of Sault Ste. Marie once post-pandemic conditions allow.
###
About Watco Watco is a leading transportation service and logistics company. Meeting customer needs on a day-to-day basis has enabled Watco to continually grow throughout our nearly 40-year history. Today, Watco owns or operates nearly 7,500 miles of rail over 44 short lines and provides industrial switching services. The company provides material handling and warehousing through more than 80 terminals it owns or operates. Watco also operates 10 railcar repair shops in addition to providing mobile and dedicated railcar repair services. For more information, visit watco.com. Media Contact Tracie VanBecelaere Watco (620) 704-1288 [email protected]
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GuntersvilleDecatur
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Spokane
Portland
Eugene
Reno
Sacramento
Oakland
Bakersfield
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El Paso
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Scottsville
Jackson
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Mobile
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Cincinnati
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Buffalo TBT
SyracuseAlbany
New York
Boston
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Charleston
Baltimore
Washington
Richmond
NorfolkRoanoke TBT
Raleigh
WilmingtonCharlotte
Columbia
Charleston
Savannah
Atlanta
Knoxville
Tampa
Miami
Salt Lake City
Kansas City
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Tulsa
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Vancouver
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Houston
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Euclid TBT
Ghent
Industry
Vicksburg
Willis TBT
PortBirmingham
Toledo
Elmore
Asheville
Amory
Blytheville
Cahokia
Wood River
Columbus
(SCS)Cora
Grand Rivers
Hawesville
River Road
San Luis Potosi
SalinasVictoria
MonterreySaltillo
Mexico City
ChicaloteTampico
Idaho Falls
Ontario
Arlington
Wallula
Eureka
Columbia Falls
Green River
Gillette
DeRidder
Lake CharlesWest Lake
Brimstone
Lena
Alvin
El Dorado
Pensacola
Prattville
Galena Park
McIntosh
Deer Park
Gibsland
Silsbee
Newton
Junction City
Coffeyville
Zwolle
Fitzgerald
Jacksonville
Dravosburg
Neodesha
Eunice
Plainview
Tulsa Port of Catoosa
Council BluffsOmaha
Medina
Mill Creek
Glendale
Pecos
Dore
Pittsburg
Waldron
Ashdown
Cherryvale
Brighton
Stillwater
Burley
Baton Rouge
Bronx
ElizabethBayway Brooklyn
Proctor
Ferndale
Fryburg
Louisville
New Johnsonville
Nitro
Philadelphia
Port Arthur
Refugio
Queens
Tioga
Meramec
West Memphis
Middleport
Louisville TBT
CanalPoint
Jeffersonville
Pine Bluff
Wink
Osceola
PlasterCity
Lincoln
Great Bend
Springdale Jonesboro
Jessup
Clearfield
Joplin
Duluth
Coral Gables
Port Washington
NewMartinsville
Crafton TBT
Old Town
Rumford
Four Rivers(SCH) Calvert City (SCS)
Paducah
Hockley
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FLORIDA
TENNESSEE
SOUTH CAROLINAARKANSAS
KENTUCKY
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ARIZONANEW MEXICO
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July 2020
Watco OperationsBNSFCNCPCSXTKCSNSUPOther Short Lines
Terminals & Ports (Dedicated)SwitchingMechanical Railcar Shops
Terminals & Ports
December 2020
Mobile Mechanical Sites (Dedicated)
Logistics ServicesInland Waterways
Mobile Mechanical Sites (Open)
LEGEND
MilwaukeeNorth Milwaukee
Saukville
Chicago
Rondout
JanesvilleElkhorn
Milton
MadisonCottage Grove
Watertown
Fond du Lac
Eden
West Bend
OshkoshKiel
Manitowoc
Denmark
Luxemburg
Escanaba
Sheboygan
Cleveland
Horicon
Evansville
Monroe
Green Bay
Shawano
Ashland
LadysmithTony
Prentice
White Pine
CANADA
CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan
MICHIGAN
MICHIGAN
WISCONSIN
Medford
Spencer
Stevens Point
Wisconsin Rapids
Prairie du Chien
Reedsburg
Bradley
Rhinelander Goodman
Baraga
Ishpeming
WausauRothschild
Mosinee
New LondonAppleton
Munising Newberry
Oba
Franz
Trout Lake
LEGEND Wisconsin & Southern Railroad (WSOR) WSOR Trackage Rights Watco to acquire from CN Watco to acquire from CN - Out of service CN - Watco joint track CN Other railroads
Sault ste Marie
Manawa
New Lisbon
Park Falls
