Re: Burkhardt Resigns (was: Declining oil traffic)

[James Robinson <NOSPAM@ERIE.NET>]

David Langley wrote:
 
> Now lets hope that Uncle Ed. gets into rail on the main land in a serious way
> soon or even he will not be able to turn it around. And if anyone can, he can.
> 
> David Langley. (Ed. Burkhardt's No 1 fan)

He'll have to move fast, he only has until August 31, unless he still
has influence in his consulting business.

==============================

Thursday July 8, 7:00 am Eastern Time

Company Press Release

SOURCE: Wisconsin Central Transportation Corporation

Wisconsin Central Transportation Corporation Announces Transition

ROSEMONT, Ill., July 8 /PRNewswire/ -- Wisconsin Central Transportation
Corporation (Nasdaq: WCLX - news) announced today that Edward A.
Burkhardt, 60, its Chairman, President and CEO, has resigned his
director and officer positions with the Company and its Affiliates,
effective as of August 31 to establish an independent railway investment
and consulting firm operating internationally. Mr. Burkhardt was one of
the Company's founders, and has served as its President and CEO for the
past 12 years. During his tenure, the Company grew from a start-up
regional railroad in the upper Midwest to a global transportation
holding company with interests in the UK, Canada, New Zealand and
Australia.

Thomas F. Power, Jr., 58, will succeed Mr. Burkhardt as the Company's
President and CEO. Mr. Power is a 31-year veteran of the transportation
industry. Mr. Power was also one of the founders of the Company and has
served as its Executive Vice President and Chief Financial Officer for
the past 12 years. Mr. Power is a member of the Board of Directors of
English Welsh & Scottish Railway Holdings Limited, Tranz Rail Holdings
Limited, and Australian Transport Network Limited. Mr. Power began his
railroad career at the New York Central Railroad, and served as Chief
Financial Officer and later Chief Executive Officer at the Chicago,
Milwaukee, St. Paul and Pacific Railroad before founding the Company
with Mr. Burkhardt.

Mr. Power said, ``Ed Burkhardt has built a strong foundation for WCTC,
both domestically and internationally. It is my plan to build on this
foundation to deliver greater shareholder value in the months and years
ahead.''

Wisconsin Central also announced that J. Reilly McCarren will be
promoted to President and Chief Executive Officer of all the Company's
North American operating subsidiaries, succeeding Mr. Burkhardt in those
roles. Mr. McCarren said that, ``We intend to continue the Company's
long-standing policy of providing superior customer service and
competing vigorously in the transportation markets we serve.''

Shares of Wisconsin Central Transportation Corporation are publicly
traded on the Nasdaq National Market System under the symbol WCLX.
WCTC's principal subsidiaries, Wisconsin Central Ltd., Fox Valley &
Western Ltd., Algoma Central Railway Inc. and Sault Ste. Marie Bridge
Company, operate approximately 2,900 route miles of railway serving
Wisconsin, Illinois, Minnesota, Michigan's Upper Peninsula, and Ontario,
Canada. WCTC holds a 39 percent equity interest in English Welsh &
Scottish Railway Holdings Limited, which operates most of the freight
railroad services in Great Britain. WCTC also holds a 24 percent equity
interest in Tranz Rail Holdings Limited, which operates 2,400 route
miles of railway nationwide in New Zealand. WCTC also holds a 33 percent
equity interest in Australian Transport Network Limited, which operates
450 route miles of railway statewide in Tasmania, Australia. For more
information, see Wisconsin Central's home page: www.wclx.com . 

SOURCE: Wisconsin Central Transportation Corporation