The U.S. Surface Transportation Board has approved Watco’s acquisition of the Great Lakes Central Railroad.

Based out of Owosso, Mich., Great Lakes Central operates approximately 400 miles of track in central and northern Michigan, including parts of the former Pennsylvania, New York Central, Grand Trunk Western, Pere Marquette, and Ann Arbor. Watco has been an equity investor in Great Lakes Central since 2013.

Watco announced its plans to purchase the railroad outright earlier this year, but the STB wanted more information on how the company would maintain service on the route. Watco also operates the nearby Ann Arbor and there was concerns that the company would divert traffic from GLC.

“The Great Lakes Central Railroad has been a vital part of Michigan’s transportation network and both my father, Louis P. Ferris, Jr., and I have been deeply passionate about its role in connecting industries and communities,” said Jennifer Ferris, President and CEO of the Great Lakes Central Railroad. “Thanks to our tremendous team, GLC has experienced remarkable growth over the years, strengthening our service and expanding our capabilities. With Watco as a long-time partner since 2013, we are confident they will honor the legacy we have built while continuing to serve Michigan’s industries and communities with the same dedication and excellence.”

—Railfan & Railroad Staff