Canadian Pacific to sell west end of its Dakota, Minnesota & Eastern line to Genesee

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CALGARY, AB and DARIEN, CT, Jan. 2, 2014 /PRNewswire/ - Canadian Pacific (CP) (TSX:CP) (NYSE:CP) and Genesee & Wyoming Inc. (G&W) (NYSE: GWR) announced today that they have executed an agreement pursuant to which CP will sell the west end of its Dakota, Minnesota & Eastern (DM&E) line to G&W for continued rail operations.
The west end encompasses approximately 660 miles of CP's current operations between Tracy, MN and Rapid City, SD; north of Rapid City to Colony, WY; south of Rapid City to Dakota Jct., NE; and connecting branch lines, as well as trackage from Dakota Junction to Crawford, NE, currently leased to the Nebraska Northwestern Railroad (NNW). Customers on the...

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[HDSDcouple]

ya nobody loves us up here in South Dakota. DM&E the red headed step child of the railroad industry.

 

[Bill Anderson]

What ever happened to the DM&E's plan to build a line into the Powder River Basin coal fields?

 

[DrewSD]

What ever happened to the DM&E's plan to build a line into the Powder River Basin coal fields?

Eminent domain problems, less demand for coal, I don't think they got a grant or low interest loan that they wanted, there were quite a few herdles and CP didn't want to dump the money in the line

 

[728 Cable Donkey]

The coal market dried up and other problems. Building a new line around the Mayo Clinic in Rochester , Minn. was another huge hurdle. It is hard to believe it is already 30 years since the CNW coal line was finished. I worked on part of that project back in 84' for a small bridge contractor out of Cheyenne. We built two county road bridges near the Wyoming Nebraska border north of Torrington.