Canadian Pacific Railway is looking into the possibility of selling 660 miles of track in South Dakota and three surrounding states.
CP in 2007 bought 2,500 miles of track and equipment from South Dakota-based DM&E and its subsidiaries for $1.5 billion. CP on Tuesday said it was "inviting expressions of interest" for track from Tracy, Minn., into South Dakota, and into Nebraska and Wyoming.
Spokesman Ed Greenberg says CP has made no decision on selling the track but wants to see what interest is there.
CP on Monday said it was mothballing plans to extend its DM&E network into the Power River basin to ship Wyoming coal to power plants in other states. CP didn't directly link that decision with the one to seek interest in the DM&E west end.
Most Popular Today
New Hotel Coming To Southwest Sioux Falls
Riverboat Casino Ends Operation In Sioux City
Hard Rock Casino Opens In Sioux City
- 4.Your Money Matters
Hiring A Roofer
HJN Realtor Breaks Off To Form Own Agency
Sioux Falls On Track To Break Record Year For Construction
Hard Rock Hotel & Casino Opens In Sioux City Friday
- 8.Your Money Matters
Fix The Car Or Cash The Check?
Friday Morning Business Brief
Thursday Morning Business Brief