Watco gets $450M in Oaktree equity, adds two to board
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.
Watco
NRE building Watco Australia locomotives
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.
Smith new CEO at Watco
Watco Companies, LLC, is implementing its strategic succession plan with an executive leadership change.
Watco expands Australia rail freight operations
Regional and shortline railway operator Watco is set to expand its Australian operations.
Watco taking “Flyer” on OK passenger line
The short line operator is looking to start passenger rail service between Oklahoma’s two largest cities.
Class I deal: Watco adds Houston terminal
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.
HTI adds Watco to its PTC family
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.
Spuds boost UP, Watco Cold Connect
Union Pacific and its rail partners plan to up the frequency of its Cold Connect refrigerated produce service with an eye on expanded market opportunities for Idaho potatoes in New York state.
New WA pulp mill rail-served
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.
Watco opens Alabama safety training center
Watco Companies celebrated a new Safety Through Awareness and Training (STAT) Center with a ribbon cutting.