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CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan

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CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan 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] Fort Saskatchewan Prentiss Calgary Vancouver Ferndale CANADA Seattle WASHINGT Regina Tacoma ON Eureka Winnipeg MMT CN and Watco Reach Agreement on Sale of Rail Lines Columbia Falls in Northern Ontario, Wisconsin, and Michigan Spokane MON TANA Quebec CANADA MAINE PCC Tioga Oba Franz YSVR Dore MINNESOTA Wallula Minot Portland GRNW Toledo Arlington Old Town N Rumford Sault ste Marie Montreal Eugene E White Pine Baraga W HAMPSHIRE Fryburg Fargo Munising Newberry Ashland Ishpeming Ottawa VERMONT MICHIGAN Trout Lake Billings NORTH DAKOTA Escanaba IDAHO Park Falls Rhinelander Goodman Tony Bradley Ladysmith Prentice Medford NEW YORK Wausau Shawano Boise WY Rothschild BVRR OMING Spencer Mosinee TS EIRR WISCONSIN Stevens Point Green Bay Luxemburg T Manawa CHUE OREGON New London Wisconsin Denmark ASSA Boston C Rapids Appleton MICHIGAN M ALIFORNIA Idaho Falls Syracuse Manitowoc Albany Gillette Oshkosh Kiel RI Cleveland Fond du Lac New Lisbon Sheboygan Buffalo TBT Pocatello Eden Reedsburg ITHR TICUT Horicon West Bend ONNEC NE Burley Sioux Falls Saukville Flint C VAD SOUTH D Watertown North Milwaukee A AKOTA Madison Milwaukee Cottage Grove Casper Prairie du Chien Evansville Milton Detroit Bronx Port Washington UTAH Elkhorn Monroe Janesville LVANIA Queens PENNSY Bayway 3 NEBR LEGEND Willis TBT 2 Brooklyn ASKA Rondout Toledo New York Wisconsin & Southern Railroad (WSOR) Euclid TBT Elizabeth WSOR Trackage Rights E Green River Watco to acquire from CN Chicago Cleveland N Watco to acquire from CN - Out of service PSWR Clearfield CN - Watco joint track 2 JERSEY W Salt Lake City SRRR CN Philadelphia Reno Other railroads OHIO Industry Cheyenne Omaha Pittsburgh Council Bluffs Crafton TBT Dravosburg Sacramento Provo C AND DE OLORADO ARYL M L Oakland INDIANA Columbus TBT Baltimore A Lincoln Proctor W Stockton New Jessup ARE Martinsville Washington Brighton MISSOURI DREI San Jose Denver ILLINOIS Indianapolis Middleport WEST KANSAS KAW Cincinnati VIRGINIA Kansas City KNWA Junction City Nitro Richmond Wood River Ghent Jeffersonville Charleston Salina St. Louis Cahokia River Road Louisville TBT Elmore Roanoke TBT Pueblo Louisville RGINIA Norfolk Great Bend VI Meramec Cora Hawesville Las Vegas (SCS) Bakersfield KO Wichita Four Neodesha Rivers KENTUCKY Calvert City (SCS) OLINA Pittsburg (SCH) CAR Cherryvale Grand Rivers NORTH Raleigh NEW MEXIC Joplin Paducah ARI O Coffeyville ZONA OKLAHOMA SKOL TENNESSEE Knoxville Los Angeles Nashville Asheville BLU Ontario Jonesboro Flagstaff TEXAS Tulsa Springdale San Bernardino New Johnsonville Charlotte Stillwater Tulsa Port Blytheville of Catoosa ARKANSAS Wilmington Oklahoma Osceola Albuquerque City 2 Chattanooga SOUTH CAROLINA Oceanside Amarillo SLWC West Memphis Port of Memphis Plaster Waldron GEORGIA Columbia City Glendale Little Rock Cherokee San Diego MISSISSIPPI Decatur Duluth Phoenix Guntersville Tijuana Plainview Mill Creek Atlanta LBWR ARS Pine Bluff BHRR B Mexicali Amory Port ABWR Columbus Charleston Lubbock Birmingham a Birmingham Ashdown j ABS Tuscaloosa a El Dorado MSR AUT SVHO Pacific Fort Worth Prattville Savannah C Dallas Scottsville LOUISIANA VSOR Eunice Abilene Newton Montgomery (Zacha) Gibsland Vicksburg a TXN Fitzgerald Nogales El Paso Shreveport Jackson Cuidad Juarez Ocean l Wink LAS ALABAMA i PVS f o Pecos Zwolle Lena r McIntosh n Jacksonville BBAY Mobile GOGR Pensacola i TIBR BRS JXPT a DeRidder Gulfport Baton Rouge Silsbee AWRR Austin Plaquemine Hockley West Lake Brimstone Lake Charles New Orleans Galena Park St. Charles Deer Park Houston Medina San Antonio WAL Port Arthur SAC Alvin Greens Port FLORIDA LEGEND WWAR Chihuahua Industrial Terminals Freeport Watco Operations Seadrift Tampa BNSF Refugio CN CP M EXIC O Canal CSXT Nuevo Laredo Corpus Christi Point KCS NS Gulf of Mexico Miami Coral UP Gables Other Short Lines Salinas Victoria Terminals & Ports Terminals & Ports (Dedicated) Saltillo Reynosa July 2020 Torreon Monterrey Matamoros Switching Mechanical Railcar Shops Mobile Mechanical Sites (Dedicated) Mobile Mechanical Sites (Open) Logistics Services Inland Waterways December 2020 Chicalote Tampico San Luis Potosi Atlantic Mexico City Ocean.
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