Grand Trunk Corporation
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Overview | |
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Headquarters | Montreal, Quebec, Canada |
Locale | United States |
Dates of operation | 1971– |
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.[1]
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,[1] 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.
References
- ^ a b c d e f g h Moody's Transportation Manual, 1992, pp. 233, 237
- ^ Railroad Retirement Board, Employer Status Determination: Central Vermont Railway, Inc., 1995
- ^ STB Finance Docket No. 34296, January 22, 2003
- ^ STB Finance Docket No. 35142, July 25, 2008
- ^ Railroad Retirement Board, Employer Status Determination: Grand Trunk Western Railroad, Inc., November 19, 2008