C&NW; is negotiating to buy 300 miles of track.
L. B. Foster Co. owns the lines being sought by Chicago & North Western in Michigan and Wisconsin. If a final deal is struck, the purchase price will be more than $50 million. The track has been up for sale for about a year. Chicago & North Western altogether operates 6,800 miles of track.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
