Canadian Pacific (CP) Explores Alternatives for Main Line Track, Including Sale

December 4, 2012 11:05 AM EST
Canadian Pacific (NYSE: CP) today announced its intention to explore strategic options for its main line track from Tracy, MN, west into South Dakota, Nebraska and Wyoming and is inviting expressions of interest from prospective partners.

The line includes approximately 660 miles of track which encompasses 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 branchlines. CP has operated the rail line in this area since it assumed operational control of the Dakota, Minnesota & Eastern (DM&E) railroad in 2008.

A number of grain, ethanol, clay and merchandise customers are rail-served in the area.

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