US EditionSTB Pumps the Brakes on Watco's Takeover of Great Lakes Central
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STB Pumps the Brakes on Watco's Takeover of Great Lakes Central
The U.S. Surface Transportation Board is seeking additional information about Watco’s proposed takeover of the Great Lakes Central Railroad. In March, Watco announced that it was acquiring Michigan’s Great Lakes Central and expressed hope for a swift approval from the federal regulator. However, the STB is now advising Watco to slow down, asserting that the transaction requires a more thorough review. Great Lakes Central operates approximately …
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