Watco Companies has formed a strategic partnership with Oaktree Capital Management, L.P., for a $450 million investment of private equity capital in the short line operator.
Locomotive manufacturer NRE has released details of its recent contract with Watco Australia for eight light-axle locomotives to support the latter’s new contract in Queensland.
Watco Companies, LLC, is implementing its strategic succession plan with an executive leadership change.
Regional and shortline railway operator Watco is set to expand its Australian operations.
The short line operator is looking to start passenger rail service between Oklahoma’s two largest cities.
Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P.
Watco Cos. LLC, a short line railroad holding and transportation services company based in Pittsburg, Kan., has selected Herzog Technologies, Inc. (HTI) to provide Positive Train Control (PTC) hosting services. HTI previously announced PTC hosting contracts with Tacoma, Wash.-based short line Tacoma Rail and Ohio-based regional Wheeling & Lake Erie.
Construction is slated to start this month on a $184-million wheat straw pulp mill in Southeast Washington state, the first of its kind and the first new pulp facility of any kind in the state in years.