Anybody want to buy a used railroad — cheap?
For sale: DM&E Railroad
By Jeffrey Pieters, Post-Bulletin, Rochester MN
A sale announcement may be coming soon from the Dakota, Minnesota & Eastern Railroad, a rail industry magazine reports.
Trains magazine, in a report posted to its Web site on Tuesday, said that DM&E's parent company, Cedar American Rail Holdings, is accepting bids from about 10 bidders. The bidders are finalizing their offers this week, the magazine reported.
Among the bidders are three railroad companies: Canadian National, Canadian Pacific and a shortline railroad company that was not named.
Cedar American Rail Holdings owns both the DM&E and Iowa, Chicago & Eastern railroads, which together make up a 2,000-mile-plus railroad system.
DM&E was denied on Feb. 26 in its application for a $2.3 billion federal loan.
(The rest is here. And a bit more here.)
By Jeffrey Pieters, Post-Bulletin, Rochester MN
A sale announcement may be coming soon from the Dakota, Minnesota & Eastern Railroad, a rail industry magazine reports.
Trains magazine, in a report posted to its Web site on Tuesday, said that DM&E's parent company, Cedar American Rail Holdings, is accepting bids from about 10 bidders. The bidders are finalizing their offers this week, the magazine reported.
Among the bidders are three railroad companies: Canadian National, Canadian Pacific and a shortline railroad company that was not named.
Cedar American Rail Holdings owns both the DM&E and Iowa, Chicago & Eastern railroads, which together make up a 2,000-mile-plus railroad system.
DM&E was denied on Feb. 26 in its application for a $2.3 billion federal loan.
(The rest is here. And a bit more here.)
Labels: DM and E
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