The US rail regulator's approved CN's sale of the Algoma Central Railway and other lines south of the border to an American short-line owner.
CN and US service and logistics company Watco have announced the US Surface Transportation Board's approved the sale of about 250 miles of track or "non-core lines and assets on the Soo subdivision" from Sault Ste. Marie to Oba - along with roughly 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan - with the two companies promising to work together in the coming weeks "to implement a seamless transition for customers on the lines".
Watco's already one of the largest short-line railroad holding companies in the U-S - with more than 5000 miles of track - while railroads controlled by Watco currently operate over 600 miles of track in Wisconsin.