The company’s core services are freight transportation, material handling and storage, logistics, railcar repair and maintenance.

In 2022, in collaboration with BPI, Newsweek named Watco to its annual list of America’s Top 100 Most Loved Workplaces.

In December 2010 Watco entered the Australian rail haulage market when it was awarded a 10-year contract to operate grain services for the CBH Group of Western Australia.

On December 15, 2010, Kinder Morgan Energy Partners, announced an agreement whereby it would invest up to $150 million over the next year in Watco in exchange for a preferred equity position in the company.

Kinder Morgan made an initial $50 million preferred shares investment on January 3, 2011.

Kinder Morgan is a leading pipeline transportation and energy storage company in North America.

The transaction provides capital to Watco for further expansion of specific projects and offers Kinder Morgan the opportunity to share in the subsequent growth.

[16] In January 2022, Watco takes over operations to move cattle in Queensland CBH Group to Aurizon.