Grand Trunk Corporation
Encyclopedia
The Grand Trunk Corporation is the subsidiary holding company
for the Canadian National Railway
's properties in the United States
. It is named for the former Grand Trunk Railway
, which CN absorbed in the early 1920s. The Association of American Railroads
has considered it to be a Class I railroad
since fiscal year 2002.http://web.archive.org/web/20030916134027/http://www.aar.org/PubCommon/Documents/AboutTheIndustry/Statistics.pdf
GTC was incorporated in Delaware on September 21, 1970 as Grand Trunk Industries, Inc., and renamed Grand Trunk Corporation on November 18, 1970. It acquired control of the CN's U.S. properties in December 1971, and has since acquired other companies, mostly through acquisitions of other holding companies: Illinois Central Corporation (IC) in 1999, Wisconsin Central Transportation Corporation (WC) in 2001, Great Lakes Transportation
in 2004, and Elgin, Joliet and Eastern Railway
in 2008.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for the Canadian National Railway
Canadian National Railway
The Canadian National Railway Company is a Canadian Class I railway headquartered in Montreal, Quebec. CN's slogan is "North America's Railroad"....
's properties in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. It is named for the former Grand Trunk Railway
Grand Trunk Railway
The Grand Trunk Railway was a railway system which operated in the Canadian provinces of Quebec and Ontario, as well as the American states of Connecticut, Maine, Michigan, Massachusetts, New Hampshire, and Vermont. The railway was operated from headquarters in Montreal, Quebec; however, corporate...
, which CN absorbed in the early 1920s. The Association of American Railroads
Association of American Railroads
The Association of American Railroads is an industry trade group representing primarily the major freight railroads of North America . Amtrak and some regional commuter railroads are also members...
has considered it to be a Class I railroad
Class I railroad
A Class I railroad in the United States and Mexico, or a Class I rail carrier in Canada, is a large freight railroad company, as classified based on operating revenue.Smaller railroads are classified as Class II and Class III...
since fiscal year 2002.http://web.archive.org/web/20030916134027/http://www.aar.org/PubCommon/Documents/AboutTheIndustry/Statistics.pdf
GTC was incorporated in Delaware on September 21, 1970 as Grand Trunk Industries, Inc., and renamed Grand Trunk Corporation on November 18, 1970. It acquired control of the CN's U.S. properties in December 1971, and has since acquired other companies, mostly through acquisitions of other holding companies: Illinois Central Corporation (IC) in 1999, Wisconsin Central Transportation Corporation (WC) in 2001, Great Lakes Transportation
Great Lakes Transportation
Great Lakes Transportation LLC is a group of transportation related companies primarily consisting of rail and water carriers catering to the needs of the steel making industry centered around the Great Lakes of North America...
in 2004, and Elgin, Joliet and Eastern Railway
Elgin, Joliet and Eastern Railway
The Elgin, Joliet and Eastern Railway is a Class II railroad that operates in the suburbs surrounding Chicago. The railroad is a link between Class I railroads in northeast Illinois and northwest Indiana...
in 2008.
Company | Acquired from | Date | Notes |
---|---|---|---|
Algoma Central Railway Algoma Central Railway The Algoma Central Railway is a railway in Northern Ontario that operates between Sault Ste. Marie and Hearst, with a branch line to Michipicoten. The area served by the railway is sparsely populated, with few roads... |
WC | ||
Bessemer and Lake Erie Railroad Bessemer and Lake Erie Railroad The Bessemer and Lake Erie Railroad is a class II railroad that operates in northwestern Pennsylvania and northeastern Ohio.The railroad's main route runs from the Lake Erie port of Conneaut, Ohio to the Pittsburgh suburb of Penn Hills, Pennsylvania, a distance of 139 miles... |
GLT | ||
Cedar River Railroad Cedar River Railroad The Cedar River Railroad is a shortline subsidiary of the Canadian National Railway that operates on former Illinois Central Gulf Railroad trackage. In 1991, the railroad was formed as a reorganization of the bankrupt Cedar Valley Railroad, which had begun operations in 1984... |
IC | ||
Chicago Central and Pacific Railroad Chicago Central and Pacific Railroad The Chicago Central and Pacific Railroad was a Class II railroad operating on the former Illinois Central Railroad mainline between Chicago, Illinois, Albert Lea, Minnesota, Omaha, Nebraska, and Sioux City, Iowa. The railroad was formed as a spinoff from the IC, with operations beginning on... |
IC | ||
Duluth, Missabe and Iron Range Railway Duluth, Missabe and Iron Range Railway The Duluth, Missabe and Iron Range Railway is a railroad operating in northern Minnesota and Wisconsin that hauls iron ore and later taconite to the Great Lakes ports of Duluth and Two Harbors, Minnesota... |
GLT | ||
Duluth, Winnipeg and Pacific Railway Duluth, Winnipeg and Pacific Railway The Duluth, Winnipeg and Pacific Railway is a subsidiary railroad of Canadian National Railway operating in northern Minnesota, United States. A CN system-wide rebranding beginning in 1995 has seen the DWP logo and name largely replaced by its parent company... |
CN | ||
Elgin, Joliet and Eastern Railway Elgin, Joliet and Eastern Railway The Elgin, Joliet and Eastern Railway is a Class II railroad that operates in the suburbs surrounding Chicago. The railroad is a link between Class I railroads in northeast Illinois and northwest Indiana... |
Transtar Inc. (United States Steel Corporation) | 2009 | |
Grand Trunk Western Railroad Grand Trunk Western Railroad The Grand Trunk Western Railroad is an important subsidiary of the Canadian National Railway , constituting the majority of CN's Chicago Division .... |
CN | ||
Great Lakes Fleet, Inc. | GLT | ||
Illinois Central Railroad Illinois Central Railroad The Illinois Central Railroad , sometimes called the Main Line of Mid-America, is a railroad in the central United States, with its primary routes connecting Chicago, Illinois with New Orleans, Louisiana and Birmingham, Alabama. A line also connected Chicago with Sioux City, Iowa... |
IC | ||
Pittsburgh and Conneaut Dock Company | GLT | ||
Sault Ste. Marie Bridge Company Sault Ste. Marie Bridge Company Sault Ste. Marie Bridge Company is a subsidiary of the Wisconsin Central Ltd. It operates a railroad bridge over the St. Marys River between Sault Ste. Marie, Michigan and Sault Ste. Marie, Ontario.-References:HAER MI-324... |
WC | ||
Waterloo Railway | IC | ||
Wisconsin Central Ltd. | WC | ||
Wisconsin Chicago Link Ltd. | WC | ||
Central Vermont Railway Central Vermont Railway The Central Vermont Railway was a railroad that operated in the New England states of Connecticut, Massachusetts, Vermont, New York, as well as the Canadian province of Quebec.... |
CN | Sold February 1995 to RailTex RailTex RailTex was a transportation holding company that specialized in owning and operating short line railroads across North America.Based in San Antonio, Texas, the public company was a leader in making unprofitable lines shed by Class I railroads into viable transportation routes.The company was sold... |
|
Detroit, Toledo and Ironton Railroad Detroit, Toledo and Ironton Railroad The Detroit, Toledo and Ironton Railroad was a railroad that operated between its namesake cities of Detroit, Michigan and Ironton, Ohio via Toledo between 1905 and 1983.-Early history:... |
direct | Merged December 1983 into Grand Trunk Western Railroad Grand Trunk Western Railroad The Grand Trunk Western Railroad is an important subsidiary of the Canadian National Railway , constituting the majority of CN's Chicago Division .... |
|
Detroit and Toledo Shore Line Railroad Detroit and Toledo Shore Line Railroad The Detroit and Toledo Shore Line Railroad is a historic railroad that operated in northwestern Ohio and southeastern Michigan.The Pleasant Bay Railway was incorporated in Michigan in March 1898 and purchased the Toledo and Ottawa Beach Railway, an Ohio company incorporated in January 1898, in... |
direct | Merged October 1981 into Grand Trunk Western Railroad Grand Trunk Western Railroad The Grand Trunk Western Railroad is an important subsidiary of the Canadian National Railway , constituting the majority of CN's Chicago Division .... |
|
Fox Valley and Western Ltd. | WC | Merged December 2002 into Wisconsin Central Ltd. | |
St. Clair Tunnel Company | CN | Merged September 2008 into Grand Trunk Western Railroad Grand Trunk Western Railroad The Grand Trunk Western Railroad is an important subsidiary of the Canadian National Railway , constituting the majority of CN's Chicago Division .... |