M&A Deal Summary

CN Acquires Great Lakes Transportation

On October 20, 2003, CN acquired transportation company Great Lakes Transportation for 380M USD

Acquisition Highlights
  • This is CN’s 1st transaction in the Transportation sector.
  • This is CN’s largest (disclosed) transaction.
  • This is CN’s 1st transaction in the United States.
  • This is CN’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2003-10-20
Target Great Lakes Transportation
Sector Transportation
Buyer(s) CN
Deal Type Add-on Acquisition
Deal Value 380M USD


Great Lakes Transportation

Monroeville, Pennsylvania, United States
Cargo ship SS Arthur M. Anderson, part of the Great Lakes Fleet.
Cargo ship SS Arthur M. Anderson, part of the Great Lakes Fleet.
Great Lakes Transportation owns businesses principally engaged in the transportation and handling of bulk commodities. Its units, which operate in four states and on four of the Great Lakes, include the Great Lakes Fleet, Inc.; the Duluth, Missabe & Iron Range Railway Company; the Bessemer and Lake Erie Railroad Company; and The Pittsburgh & Conneaut Dock Company.

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Buyer(S) 1



Montreal, Quebec, Canada


Category Company
Founded 1919
Sector Transportation
Revenue 17.1B CAD (2022)
CN terminal in Duluth, Minnesota.
CN terminal in Duluth, Minnesota.

CN is a railway transportation provider serving Canada and the Northern United States. The Company serves approximately 24,000 railroaders transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN was formed in 1919 and is based in Montreal, Quebec.

Overall 1 of 3
Sector (Transportation) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
2018-10-30 TransX Group of Companies

Winnipeg, Manitoba, Canada

TransX Group of Companies is a North American transportation company focused on providing transportation and logistics services for businesses of all sizes. TransX was formed in 1963 and is based in Winnipeg, Manitoba.

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