View Single Post
Old 08-29-2009, 05:31 PM   #5
Senior Member
ShortlinesUSA's Avatar
Join Date: Oct 2005
Posts: 822

I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.
Mike Derrick

Shortline and Regional RR forum moderator
ShortlinesUSA is offline   Reply With Quote