08.07.2020
Artikel Nummer: 32677
Watco takes over rail asset from Dow
The USA-headquartered transportation service company will acquire rail infrastructure assets and related equipment at six major North American sites. Watco will provide select rail services at Dow’s flagship locations in Freeport and Seadrift, Texas; St. Charles and Plaquemine, Louisiana; and Fort Saskatchewan and Prentiss in Alberta, Canada.
Watco owns and operates a diverse network of short line railroads, terminals, ports, and mechanical shops across North America and Australia.
Dow is the largest olefins and polyethylene manufacturer in North America. To execute the transaction with Dow, Watco will partner with Oaktree Capital Management, the company said. (ben)