Railway Track & Structures - October 2007 - (Page 5)

INDUSTRY TODAY DM&E to merge with CPR, advance PRB Project The Dakota, Minnesota & Eastern Railroad has entered into an agreement that will result in a merger of its operations with Canadian Pacific Railway Limited. The announcement follows DM&E’s competitive process to find the best approach to advance the PRB project. Many options from outright sale of assets to more limited partnering arrangements were received and studied, but after considering all the proposals, DM&E has determined that this sale and merger transaction with CPR, as negotiated, is the best approach to continue the dramatic growth of the existing railroad business, and pursue the final construction phase of DM&E’s proposed expansion into the Powder River Basin. The merger will result in DM&E and its affiliated companies, including the Iowa, Chicago & Eastern Railroad, becoming part of the overall CPR rail network upon final regulatory approval. The merger is subject to final Surface Transportation Board approval, following the closing of the transaction. Contingent upon receipt of regulatory approvals thereafter, the companies are expected to operate under common control of CPR. Chris Dodge of HDR Engineering, Inc., wields the scissors to cut the ribbon opening the exhibit hall at the AREMA 2007 Annual Conference & Exposition at the Palmer House Hilton in Chicago in September, assisted by Chuck Emely, left, AREMA executive director and ceo, and Larry Etherton of Norfolk Southern, AREMA senior vice president. Etherton succeeded Dodge as AREMA president at the meeting, the most successful in AREMA’s history with approximately 1,300 attendees and a sold-out exhibit with a waiting list. Railroads need to invest $148 billion in infrastructure About $148 billion must be invested to expand the nation's freight rail infrastructure over the next three decades to make sure that adequate rail capacity exists to meet future demand, according to the results of a first-of-itskind study to measure rail capacity needs. Released September 20, the National Rail Freight Infrastructure Capacity and Investment Study ex- plores the long-term capacity expansion needs of the continental U.S. freight railroads. “These investments will help the freight rail industry ease highway congestion, reduce stress on highways and bridges, significantly lower transportation-related energy consumption and emissions and maintain existing capacity for Amtrak and local commuter rail,” said Association of American Railroads President and CEO Edward Hamberger. www.rtands.com Railway Track & Structures October 2007 5 http://www.rtands.com

Table of Contents Feed for the Digital Edition of Railway Track & Structures - October 2007

Railway Track & Structures - October 2007 Contents On Track Industry Today Supplier News AREMA News NRC News TTCI R&D Crossties by the Billions Provide Essentials for Full Support Modern Tools Manage Risk M/W Challenges: Better Management of Thermal Forces in CWR TTCI Celebrates 25 Years as Facility, 10 as Part of AAR Products and Literature People Calendar Sales Representatives Website Directory Advertisers Index Professional Directory Classified Advertising Chicago Perspective

Railway Track & Structures - October 2007

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.