A sale of the South Dakota portion of the DM&E could take place by the end of the year.
The Canadian Pacific is down to “four or five interested parties” for the western part of DM&E and is closing in on a deal, said the company’s chief financial officer Brian Grassby.
Unless a major railroad is the buyer, South Dakota’s DM&E train could end up in the hands of a “short-line” railroad, which would make a deal with the Canadian Pacific for access to its international network. That worries many South Dakota shippers. For more click here.