Watco Acquires Great Lakes Central to Boost Michigan Rail Network

Watco acquires Great Lakes Central, adding 420 miles of Michigan trackage. The deal expands its railroad network significantly. This is reported by the railway transport news portal Railway Supply.

Watco Expands Michigan Operations with Great Lakes Central Acquisition

Great Lakes Central annually manages 48,000 carloads of diverse commodities like soybeans and corn. The railroad connects key cities, including Ann Arbor, Cadillac, Traverse City, and Petoskey.

Since 2013, Watco has held an equity stake in Great Lakes Central, fostering familiarity. Now, the company fully integrates this vital Michigan transportation asset into its portfolio.

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Jennifer Ferris, GLC’s Chief Executive, praised the railroad’s growth and dedicated team. She expressed confidence in Watco’s ability to uphold GLC’s legacy and service excellence.

The rail lines extend northward from Ann Arbor, branching to Thompsonville and other towns. GLC interchanges with major carriers like CSX, Canadian National, and Watco’s Ann Arbor Railroad.

Watco Acquires Great Lakes Central for Strategic Growth

Watco already operates two shortline railroads in Michigan, Grand Elk and Ann Arbor. This move strengthens its foothold and enhances connectivity across the state.

Commodities transported by GLC include fertilizers, plastics, and liquefied propane gas annually. Thus, the railroad supports agriculture, manufacturing, and energy sectors throughout Michigan.

Peter Anastor, MDOT’s Office of Rail Director, welcomed Watco’s expanded role in Michigan. He emphasized the importance of preserving critical rail service for customers statewide.

Watco’s Chief Executive, Dan Smith, committed to honoring GLC’s history and partnerships. He highlighted the company’s dedication to growing its Michigan customer base effectively.

Moreover, Watco collaborates closely with the Michigan Department of Transportation on rail projects. This partnership ensures reliable service along the state-owned corridor from Ann Arbor northward.

Impact of Watco Acquires Great Lakes Central on Michigan

Pending Surface Transportation Board approval, Watco will soon operate the GLC lines. The transition promises continuity and excellence for industries and communities alike.

This expansion bolsters Watco’s presence in Michigan’s rail industry, supporting economic growth. Consequently, the company anticipates furthering its strong relationships with local stakeholders.

Great Lakes Central’s integration into Watco aligns with its mission to enhance connectivity. And the deal reflects Watco’s strategic push within the shortline railroad sector.

For years, GLC has linked industries and communities across Michigan’s diverse regions. Now, Watco aims to build on that foundation with innovative and reliable service.

Customers along the corridor will benefit from Watco’s extensive experience and resources. So, this move marks a significant step forward for Michigan’s rail infrastructure.

Watco’s history of successful railroad management underpins this latest expansion effort. Therefore, the company remains a key player in advancing Michigan’s transportation network.

Source: www.freightwaves.com

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