A Pittsburg, Kansas-based railroad equity company this week announced it has agreed to purchase a mid-Michigan regional hauler that runs from Ann Arbor to northern Michigan.
Watco Railroad Company Holdings announced on Thursday that it has reached an agreement to purchase Great Lakes Central Railroad, “the largest Class III regional railroad in Michigan with approximately 400 miles of track stretching through central and northern Michigan.”
“We are committed to honoring the history of the GLC and building upon our strong partnership with the Michigan Department of Transportation and our valued customers,” Watco CEO Dan Smith said…