Watco adds third railroad in a week

Trains Industry Newsletter
Get a weekly roundup of the industry news you need.
By signing up you may also receive occasional reader surveys and special offers from Trains magazine. View our privacy policy.
PITTSBURG, Kan. — Watco has reached a deal to acquire Birmingham Southern Railroad from U.S. Steel Corp.’s Transtar subsidiary. It’s the third acquisition the Pittsburg-based railroad has announced this week.
Birmingham Southern serves more than 20 customers in the Birmingham metro area, including U.S. Steel’s Fairfield Works. It interchanges directly with CSX, Norfolk Southern, and BNSF Railway, and serves a barge terminal on the Black Warrior River. Watco has created a subsidiary, the Birmingham Terminal Railway, to operate the line.
The railroad was constructed starting in 1878, and operated for a time as a joint Louisville & Nashville-Southern Railway subsidiary. U.S. Steel acquired the line in 1907.
Stefan Loeb, Watco’s vice president of business development, says that while U.S. Steel will remain the short line’s biggest customer, it hopes to develop traffic from smaller shippers.
Earlier this week, Watco announced it would acquire a 90 percent stake in Wisconsin & Southern Railroad Co., and launched the Swan Ranch Railroad to serve an industrial park in Cheyenne, Wyo.
Leave a Comment
Want to leave a comment?
Only registered members of TrainsMag.com are allowed to leave comments. Registration is FREE and only takes a couple minutes.

Login or Register now.
Please keep your feedback on-topic and respectful. Trains staffers reserve the right to edit or delete any comments.


The Genesee & Wyoming 

Newsletter Sign-Up

By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy
Subscribe Up To 58% off the newsstand price!
Subscribe To Trains Mag Today