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Rail News: M&A
3/21/2005
Rail News: M&A
Watco ready to launch 11th short line
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Later this month, The Watco Cos. Inc. plans to begin operating the Appalachian & Ohio Railroad Inc. in West Virginia.
Earlier this year, Watco leased a segment of the former B&O territory between Grafton and Cowen from CSX Transportation. The Appalachian & Ohio will operate over the 158.2 track miles.
In December, Watco began operating the Mission Mountain Railroad Inc. — its 10th short line — after leasing or purchasing two Montana lines totaling 40 track miles from BNSF Railway Co. Now, the short-line holding company's roster will include 11 small roads operating in 12 states.
Earlier this year, Watco leased a segment of the former B&O territory between Grafton and Cowen from CSX Transportation. The Appalachian & Ohio will operate over the 158.2 track miles.
In December, Watco began operating the Mission Mountain Railroad Inc. — its 10th short line — after leasing or purchasing two Montana lines totaling 40 track miles from BNSF Railway Co. Now, the short-line holding company's roster will include 11 small roads operating in 12 states.
