Boats of the Mackenzie River watershed carrier business in 1947. The last steam-propelled sternwheelers, the "S.S. Distributor" and "S.S. Mackenzie" were retired around the same time. In later years, with the construction of the Mackenzie Highway from Alberta to Great Slave Lake, the importance of the Athabasca-Slave River route dwindled and NTCL operations were based from shipyards in Hay River after 1959. NTCL became the primary water operator in the Mackenzie River watershed with the purchase of Hudson's Bay Company's fleet and equipment in 1958, and the total buyout of Yellowknife Transportation Company in 1965 including its fleet of diesel tug boats. Other small commercial operators
Mackenzie River watershed drains about 20 percent of Canada. It is the largest river flowing into the Arctic from North America, and including its tributaries has a total length of , making it the thirteenth longest river system in the world. Through its many tributaries, the Mackenzie River basin covers portions of five Canadian provinces and territories – British Columbia (BC), Alberta, Saskatchewan, Yukon, and Northwest Territories. Thutade Lake, in the Northern Interior of BC, is the ultimate source of the Mackenzie River via the Finlay–Peace River system, which stretches through BC and Alberta. The Athabasca River originates further south, in Jasper