Michigan Department of Transportation Office of Rail

(Photograph Courtesy of Watco)

Watco Signs Agreement to Acquire GLC (UPDATED 6/24)

Pittsburg, Kans.-based Watco Railroad Company Holdings, Inc. (Watco) on March 6 reported plans to add Great Lakes Central Railroad (GLC) to its short line portfolio pending approval by the Surface Transportation Board (STB). It has been an equity investor in the GLC since 2013 and now seeks ownership. The STB on May 30 instituted a proceeding.

Hon. Perrin Beatty, PC, OC, President and CEO of the Canadian Chamber of Commerce (left), presented the Canadian Business Leader of the Year award to CN President and CEO Tracy Robinson. (CN Photograph)

Class I Briefs: CN, NS, UP

CN President and CEO Tracy Robinson earns the Canadian Business Leader of the Year award. Meanwhile, the Canadian Class I unveils a transload facility in Michigan and announces the ratification of a new collective agreement for Unifor-affiliated CNTL drivers. Also, Norfolk Southern (NS) and its CREATE Program partners mark their five-year commitment to STEM education in Chicago; and Union Pacific (UP) ranks on Fair360’s list of top companies for workplace fairness.