![Watco will receive proceeds from a new Series E perpetual preferred equity security, allowing the transportation company to “refinance part of its capital structure, while also providing additional capital to support [its] ongoing customer growth initiatives and fund future acquisition opportunities.”](https://www.railwayage.com/wp-content/uploads/2021/07/WatcoForbes-2-300x169.jpg)
For Watco, New Investment Partner
Pittsburg, Kans.-based Watco—an owner and operator of short lines, terminals, ports and mechanical shops—has entered into a strategic equity relationship with a global investment management firm.
Watco
Small Road News: SLSI, Watco
The Short Line Safety Institute (SLSI) has released a 2020 report of safety culture assessment results; Watco has acquired the Geaux Geaux Railroad in Louisiana from Amzak Capital Management.
2021 Railway Age Readers’ Influential Leaders
RAILWAY AGE MAY 2021 ISSUE: The mantra of these railroaders: Making a difference. They’re not only helping to shape the industry, but also tomorrow’s leaders.
For Watco, New Texas Terminal
Watco is now offering a 222-acre transloading facility near Refugio, Tex., to support the bulk, chemicals, oil and gas, wind energy, agriculture, and steel industries.
Railway Age 2021 Readers’ Influential Leaders
Railway Age is pleased to present the results of its second annual Readers’ Influential Leaders program.
Watco Expanding Rail Portfolio
CN and Watco have reached an agreement on the sale of rail lines in Northern Ontario, Wisconsin and Michigan, the companies reported March 30.
Short Lines: Part of the ‘Green’ Solution
Already the leader in fuel-efficient surface transportation, the railroad industry is now making every effort to be a part of the solution to improving the environment, and the short line industry is all in on a variety of fronts.
CEO PERSPECTIVE: Integrated Transportation Services Fuel Growth
As part of a special series in Railway Age’s March 2021 issue, 11 North American railroad CEOs address the daunting challenges the freight rail industry faces as the 21st century enters its third decade—from operations and technology to marketing and growth. Here, Dan Smith, CEO of Watco, discusses how listening to customers, asking questions, and learning to solve their problems creates value.
RailPulse Moves Forward on Telematics Platform
The RailPulse℠ joint venture has selected Princeton Consultants to design its technology platform that “will facilitate and accelerate the adoption of telematics across the North American railcar fleet.”
Watco Moves Into South Dakota
Watco subsidiary Ringneck & Western Railroad LLC is purchasing the 285-mile Mitchell to Rapid City rail line in South Dakota.