Hi-Railing in Wall

WASHINGTON — Ann D. Begeman was sworn in May 2, 2011 as a member of the U.S. Surface Transportation Board, bringing two decades of experience in transportation policy to the Board.

CALGARY– Canadian Pacific Railway Limited said it has reached an agreement to acquire the Dakota, Minnesota & Eastern Railroad Corporation and its subsidiaries (DM&E) for $1.48 billion. With this value-enhancing transaction, Canadian Pacific expands its current network by approximately 2,500 miles and increases its access to U.S. Midwest markets including agri-products, coal and ethanol. The deal consists of a $1.48 billion cash payment at closing and future contingent payments of up to approximately $1 billion. Future contingent payments of $350 million will become due if construction starts on the Powder River Basin expansion project prior to December 31, 2025. Further

FORT WORTH, Texas — BNSF Railway Co.’s 2008 economic development efforts were instrumental in the location of 127 new or expanded facilities in communities along BNSF. The development of these facilities resulted in about $4 billion in investments and the creation of more than 4,000 new jobs.For example BNSF’s economic development team assisted a local volunteer business group in Weston County, WY. To revitalize the area, the Weston County Development Board created a plan to build a regional industrial park, the Upton Regional Industrial Site. The 600-acre site is attracting new businesses to the area and will become home to