Canadian railway CN (NYSE: CNI) and short line operator Watco have agreed to allow Watco to take over the freight operations at one of CN’s passageways between the U.S.-Canadian border.
CN will sell to Watco its noncore lines and assets that are on the Soo division, which consists of approximately 250 miles of track and runs from Sault Ste. Marie to Oba, Ontario. The sale also consists of approximately 650 miles of branch lines of the Wisconsin Central in Wisconsin and Michigan. The Wisconsin...
https://s29755.pcdn.co/news/watco-to-take-over-cns-noncore-operations-in-ontario-upper-midwest