CN has announced the merger of the Elgin, Joliet and Eastern Railway Company into its Wisconsin Central Ltd. (WC) subsidiary, effective Jan. 1, 2013.
The company said the merger of the two affiliates will simplify its corporate structure and operations in the United States.
The merger was authorized through a notice of exemption for transactions within a corporate family filed with the U.S. Surface Transportation Board (STB) on May 23, 2012, that became effective on June 22, 2012. Voluntary implementing agreements with the unions representing the various crafts allowed the company to complete the merger.
CN added that the merger will not affect or alter the STB's continuing oversight and reserved jurisdiction over CN's 2009 acquisition of the EJ&E, the mitigation conditions imposed by the STB, or the voluntary mitigation agreements reached by CN and numerous communities along the EJ&E.