JOC Staff | Jan 30, 2013 2:42PM EST
Pittsburg, Kan.-based Watco Railroad Company Holdings has purchased Ann Arbor Railroad.
A notice of exemption was filed with the Surface Transportation Board for Watco to purchase the railroad company’s stock on Dec. 27, 2012, and the acquisition of control exemption became effective on Jan. 26.
Ann Arbor Railroad serves southeastern Michigan and the Toledo, Ohio markets, focusing mostly on the automobile and manufacturing industries. It operates 50 miles of mainline track between Ann Arbor, Mich., and Toledo, as well as rail terminals in the Toledo area focused on automobile loading for Chrysler, General Motors and Ford. The railroad interchanges with Class I railroads Canadian National, CSX Transportation and Norfolk Southern, as well as short lines Great Lakes Central, Indiana & Ohio and Wheeling & Lake Erie.
