Shortline holding company Watco is adding another railroad to its stable: Great Lakes Central, the operator of 420 miles of state-owned trackage in Michigan.
Watco already knows the railroad well. It has been an equity investor in the GLC since 2013.
“The Great Lakes Central Railroad has been a vital part of Michigan’s transportation network and both my father, Louis P. Ferris, Jr., and I have been deeply passionate about its role in connecting industries and communities,” GLC Chief Executive...
https://www.freightwaves.com/news/watco-acquires-michigan-railroad