Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home M&A

5/20/2004



Rail News: M&A

Progressive Rail to lease, operate Soo Line's track segments in Minnesota


advertisement


Progressive Rail Inc. (PR) continues to pursue network-expanding deals. A little more than a month after reaching an agreement with Union Pacific Railroad to lease and operate 17 track miles in Dakota and Scott counties, Minn., the 14-mile short line recently arranged a deal with interchange partner Canadian Pacific Railway to lease and operate 33.4 track miles in Minnesota owned by subsidiary Soo Line Railroad Co.

PR recently filed an exemption notice with the Surface Transportation Board to lease and operate the Lakeville Line between Lakeville and Northfield — including Northfield Yard — and segments of the Cannon Falls and Eagandale lines located in Dakota County, and between Rosemount and Eagan, respectively. The deal also includes access to a Rosemount siding, and team, house and wye tracks.