Benzinga | Dec 21, 2021 09:03AM EST

CN And Watco Announce Surface Transportation Board Approval Of The Sale Of Rail Lines In Wisconsin And Michigan

MONTREAL, Dec. 21, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) and Watco are pleased to announce that the United States Surface Transportation Board (STB) has approved the sale of non-core lines and assets on approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan. This marks an important step toward the successful conclusion of the sale process that CN announced and launched in July of 2020, which also includes the sale of the Soo subdivision (approximately 250 miles of track) that runs from Sault Ste. Marie, Ontario to Oba, Ontario.