STB Delays Watco Purchase of CN Lines

The U.S. Surface Transportation Board has put the brakes on a move by short line holding company Watco to acquire Canadian National trackage in Wisconsin and Michigan.

The board said it was responding to concerns that some shippers, shipper associations, and a Wisconsin congressman have raised about the transaction.

CN plans to sell to Watco 650 miles of light density branches that once belonged to the Wisconsin Central.

Watco had said it wanted to begin operating the lines on June 30.

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