The Grand Trunk Corporation is the subsidiary

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

for the

Canadian National Railway The Canadian National Railway Company (french: Compagnie des chemins de fer nationaux du Canada) is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. CN i ...

's properties in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. It is named for CN subsidiary railroad

Grand Trunk Western Railroad The Grand Trunk Western Railroad Company is an American subsidiary of the Canadian National Railway operating in Michigan, Illinois, Indiana, and Ohio. Since a corporate restructuring in 1971, the railroad has been under CN's subsidiary holding ...

. The

Association of American Railroads The Association of American Railroads (AAR) is an industry trade group representing primarily the major freight Rail transport, railroads of North America (Canada, Mexico and the United States). Amtrak and some regional Commuter rail in North Am ...

has considered it to be a

Class I railroad In the United States, railroad carriers are designated as Class I, II, or III, according to annual revenue criteria originally set by the Surface Transportation Board in 1992. With annual adjustments for inflation, the 2019 thresholds were US$ ...

since

fiscal year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

2002. GTC was incorporated under

Delaware General Corporation Law The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most imp ...

on September 21, 1970 as Grand Trunk Industries, Inc., and renamed Grand Trunk Corporation on November 18, 1970. It acquired control of CN's U.S. properties; Grand Trunk Western,

Central Vermont Railway The Central Vermont Railway was a railroad that operated in the U.S. states of Connecticut, Massachusetts, New Hampshire, New York, and Vermont, as well as the Canadian province of Quebec. It connected Montreal, Quebec, with New London, Connect ...

and the

Duluth, Winnipeg and Pacific Railway The Duluth, Winnipeg and Pacific Railway is a subsidiary railroad of Canadian National Railway (CN) operating in northern Minnesota, United States. A CN system-wide rebranding beginning in 1995 has seen the DWP logo and name largely replaced by ...

in December 1971, and has since acquired other companies, mostly through acquisitions of other holding companies:

Illinois Central Railroad The Illinois Central Railroad , sometimes called the Main Line of Mid-America, was a railroad in the Central United States, with its primary routes connecting Chicago, Illinois, with New Orleans, Louisiana, and Mobile, Alabama. A line also co ...

(IC) in 1999,

Wisconsin Central Transportation Corporation Wisconsin () is a U.S. state, state in the Upper Midwest, upper Midwestern United States. Wisconsin is the List of U.S. states and territories by area, 25th-largest state by total area and the List of U.S. states and territories by populatio ...

(WC) in 2001,

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 on the Great Lakes of North America. GLT companies include: ...

in 2004, and

Elgin, Joliet and Eastern Railway The Elgin, Joliet and Eastern Railway was a Class I railroad, operating between Waukegan, Illinois and Gary, Indiana. The railroad served as a link between Class I railroads traveling to and from Chicago, although it operated almost entirely wit ...

in 2008.

References

External links

AAR Grand Trunk Corporation company profile
Canadian National Railway subsidiaries United States railroad holding companies Class I railroads in North America Transport companies established in 1970 {{US-rail-transport-stub

References

Further reading

External links