The Surface Transportation Board (STB) has approved CN’s sale to Watco of non-core lines and assets on approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan.
The step is an important one toward the successful conclusion of the sale process that CN announced and launched in July of 2020, which also includes the sale of the Soo subdivision’s roughly 250 miles of track running from Sault Ste. Marie, Ontario to Oba, Ontario, officials said.
In a news release, CN and Watco said they will work together to implement a seamless transition for customers on the lines.
After closing, CN said it will continue to play a central role in Wisconsin and Michigan, as the transferred segments will remain connected to CN’s tri-coastal network.