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CN and Watco Reach Agreement on Sale of Rail Lines

CN and Watco Reach Agreement on Sale of Rail Lines

Northern Ontario, Wisconsin, and Michigan

SAULT STE MARIE, ONTARIO   ~~~~~~~~  March 30, 2021  (LSN)  GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Watco are pleased to announce that they have reached an agreement for the sale of non-core lines and assets on the Soo subdivision (approximately 250 miles of track) that runs from Sault Ste. Marie, Ontario to Oba, Ontario and approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan. This marks the successful conclusion of the sale process that CN announced and launched in July of 2020.

In Ontario, Watco will continue freight operations as well as the Agawa Canyon Train Tour. Watco has also signed a Memorandum of Understanding with the Missanabie Cree First Nation regarding partnership opportunities for the Algoma Central Railway (ACR).

In both the United States and Ontario, CN will continue to play a central role as the transferred segments will remain connected to CN’s tri-coastal network, safely and reliably linking businesses to markets around the world.

The terms of the agreement were not disclosed and the acquisition of the rail lines in the United States is subject to regulatory authorization by the Surface Transportation Board.

CN Forward-Looking Statements
Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words.

Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

About Watco
Watco is a leading service and logistics company providing transportation, mechanical repairs and maintenance, material handling and warehousing, and logistics solutions for customers throughout North America and Australia. Watco is one of the largest short line railroad holding companies in the U.S. with more than 5,000 miles of track. Through its 40-year history, Watco has grown to be a leader in the railroad industry through exceptional customer service, improved safety and a strong commitment to its’ public and private partners. Watco controlled railroads currently operate over 600 miles of track within the state of Wisconsin. For more information on Watco, visit watco.com.

#LSN_SSM  #LSN_Econ  #LSN_WiscNews #LSN_MiNews

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  • Off-Highway Motorcycle Trail Passes
    Off-Highway Motorcycle Trail Passes

    Off-Highway Motorcycle Trail Passes

    NORTHERN, WISCONSIN  ~~~~~~April 26, 2021   (LSN)  The Wisconsin Department of Natural Resources (DNR) reminds the public that off-highway motorcycle trail passes are now available for non-residents to purchase.

    Until now, non-residents needed to register their off-highway motorcycle (OHM) in Wisconsin to operate on trails or other publicly established corridors.

    #LSN_Outdoors   #LSN_WiscNews #LSN_CircleTour 

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  • Superior program, Project SEARCH
    Superior program, Project SEARCH

    Superior program, Project SEARCH

    SUPERIOR, WISCONSIN   ~~~~~~~   May 11, 2021  (LSN)  The first group of student interns in the new Superior program, Project SEARCH, will be graduating Friday, June 4th and setting forth into the work world. We will have a short ceremony to recognize all the hard work and achievements the interns have put in this year, as well as recognition for the businesses of Superior who partnered with us. After the ceremony, a lunch will be provided for family, friends, and partners to enjoy the last day of the program, until next year.

    #LSN_WiscNews

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Superior program, Project SEARCH

graduating Friday, June 4th

Robert McKenzie 0 149 Article rating: No rating

SUPERIOR, WISCONSIN   ~~~~~~~   May 11, 2021  (LSN)  The first group of student interns in the new Superior program, Project SEARCH, will be graduating Friday, June 4th and setting forth into the work world. We will have a short ceremony to recognize all the hard work and achievements the interns have put in this year, as well as recognition for the businesses of Superior who partnered with us. After the ceremony, a lunch will be provided for family, friends, and partners to enjoy the last day of the program, until next year.

#LSN_WiscNews

Off-Highway Motorcycle Trail Passes

For Non-Residents Wisconsin DNR

Robert McKenzie 0 887 Article rating: No rating

NORTHERN, WISCONSIN  ~~~~~~April 26, 2021   (LSN)  The Wisconsin Department of Natural Resources (DNR) reminds the public that off-highway motorcycle trail passes are now available for non-residents to purchase.

Until now, non-residents needed to register their off-highway motorcycle (OHM) in Wisconsin to operate on trails or other publicly established corridors.

#LSN_Outdoors   #LSN_WiscNews #LSN_CircleTour 

Get Ready To Fish!

May 1 marks opening day in Wisconsin

Robert McKenzie 0 912 Article rating: No rating

MADISON, WISCONSIN  ~~~~~~  April 23, 2021  (LSN)  May 1 marks opening day for many Wisconsin fishing seasons!

Our state's unique mix of lakes, streams and rivers combined with easy fishing access and the potential for large fish make it one of the top fishing destinations in the nation.

Share the water, take someone fishing and make memories one fish at a time. 

#LSN_Outdoors  #LSN_WiscNews

Wisconsin State Park System Updates

49 state parks, more than 500 boat launches, 15 state forests, 44 state trails, over 5,000 campsites

Robert McKenzie 0 987 Article rating: No rating

Northern Wisconsin  ~~~~~~  April 16, 2021  (LSN)   With 49 state parks, more than 500 boat launches, 15 state forests, 44 state trails, over 5,000 campsites and much more – your springtime adventure awaits.

As we usher in a new season, the Wisconsin Department of Natural Resources has several operations updates on State Parks and other DNR-managed lands outlined below.

#LSN_CircleTour #LSN_WisNews  #LSN_Outdoors 

Famous Soo Locks Boat Tours Sails into 62nd Season

Soo Michigan

Robert McKenzie 0 1481 Article rating: No rating

SAULT STE MARIE, MICHIGAN   ~~~~~~  April 12, 2021  (LSN)  Famous Soo Locks Boat Tours is pleased to announce new changes for its 62nd season. Starting May 15, passengers can board the iconic yellow and blue tour boats for a 90-minute tour through the Soo Locks to enjoy highlights of the American and Canadian shorelines.

#LSN_CircleTour  #LSN_MiNews #LSN_Outdoors 

 

Chippewa County Health Department vaccinating crew members on the Great Lakes’ area ships

Lake Carriers’ Association and U.S. Army Corps of Engineers

Robert McKenzie 0 1486 Article rating: No rating

CHIPPEWA COUNTY, MICHIGAN  ~~~~~~  April 9, 2021  (LSN)  This past week Chippewa County Health Department (CCHD) was approached by the Lake Carriers’ Association and U.S. Army Corps of Engineers to collaborate on vaccinating crew members on the Great Lakes’ area ships. Since that proposal which was presented on Monday, CCHD staff will have vaccinated approximately 50 crew members on five ships with additional crew members to be vaccinated next week. The crews are receiving Johnson & Johnson vaccine and second dose Moderna vaccine.

#LSN_Health  #LSN_Shipping  #LSN_MiNews

War Memorial Hospital Installs Stop the Bleed Kits

Robert McKenzie 0 1038 Article rating: No rating

SAULT STE MARIE, MICHIGAN  ~~~~~~   April 7, 2021  (LSN)  The War Memorial has installed bleeding control kits throughout the hospital and at offsite clinic locations. Each kit contains resources to stop or control bleeding such as tourniquets, trauma bandages, gauze, shears, an emergency blanket, and personal protective equipment.

#LSN_MiNews #LSN_Health 

 

COVID-19 V SARS-CoV-2 Variant B.1.1.7 Identified in Chippewa County

14- day quarantine versus the 10-day quarantine.

Robert McKenzie 0 1213 Article rating: No rating

CHIPPEWA COUNTY, MICHIGAN   ~~~~~~  April 6, 2021 (LSN)   The Michigan Department of Health and Human Services (MDHHS) notified Chippewa County Health Department (CCHD) that the MDHHS Bureau of Laboratories identified the COVID-19 variant B.1.1.7 in two Chippewa County residents.

#LSN_MINews  #LSN_Health

2021 Spring Turkey Season Opener April 21

Bonus Harvest Authorizations Still Available For Several Periods And Zones

Robert McKenzie 0 1648 Article rating: No rating

NORTHERN, WISCONSIN  ~~~~~  April 6, 2021  (LSN)  The Wisconsin Department of Natural Resources (DNR) is reminding Wisconsinites to get ready for the upcoming 2021 spring turkey hunt happening April 21 - June 1.

The 2021 spring turkey hunt includes six, seven-day periods running Wednesday through the following Tuesday. Each of the DNR’s seven turkey management zones will be open for hunting.

#LSN_WiscNews #LSN_Outdoors 

Governor Signs Emergency Order Elevated Fire Risk Across Wisconsin

Wisconsin DNR fire crews fighting a wildfire in Menomonee Falls Friday

Robert McKenzie 0 1464 Article rating: 5.0

MADISON, WISCONSIN ~~~~~~  April 5, 2021  (LSN)  Gov. Tony Evers today signed Executive Order #110 declaring a State of Emergency in response to elevated wildfire conditions throughout Wisconsin.

Today, all of Wisconsin is at very high fire danger. The combination of dry vegetation, unseasonably warm temperatures, low relative humidity and increasing south or southeast winds will lead to continued elevated fire weather conditions. 

#LSN_Outdoors  #LSN_WiscNews

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