This just in, a couple of days late. Apparently, the Canadian Pacific Railway is buying the Dakota, Minnesota & Eastern Railroad.

Per the CBC, the CPR said late Tuesday it will pay the $1.48 billion in cash, plus contingent future payments of up to US$1 billion based on progress on a long-term DM&E expansion to carry coal from the Powder River Basin of Wyoming.

If this does work, it would help to drive a stake into the BNSF/UP Powder River Basin system. That alone might be worth dropping the flag on the Class II carrier. News as I discover it.

Posted by: Country Pundit at 06:28 PM | No Comments | Add Comment
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