Surface Transportation Board Approves Acquisition of Great Lakes Central Railroad
September 06, 2025
September 06, 2025
WASHINGTON, Sept. 6 (TNSFR) -- The U.S. Surface Transportation Board has granted an exemption that allows Watco Holdings Inc., Owosso, Michigan, to acquire control of Great Lakes Central Railroad Inc. (GLC).
Watco, a noncarrier holding company, filed a petition in March 2025 to acquire all common stock of GLC, a Class III rail carrier. The Board's approval, subject to labor protective conditions, allows the acquisition to proceed without the standard prior approval requirements . . .
Watco, a noncarrier holding company, filed a petition in March 2025 to acquire all common stock of GLC, a Class III rail carrier. The Board's approval, subject to labor protective conditions, allows the acquisition to proceed without the standard prior approval requirements . . .