Watco

STB Grants approval for Watco acquisitions in Wisconsin and Michigan

The Surface Transportation Board issued a decision granting approval for exemptions sought by Watco Holdings, Inc., and two of its subsidiaries (collectively, Watco) in the acquisition of approximately 652 miles of rail line in Wisconsin and Michigan from Wisconsin Central Ltd. (WCL), which is controlled by Canadian National Railway Company.

MTA extends signal modernization

The Metropolitan Transportation Authority (MTA) announced that the MTA Board approved the first of three contract awards that will extend signal modernization along the Queens Boulevard Line east of Kew Gardens-Union Turnpike station with Communication-Based Train Control (CBTC).