Hi-Railing in Wall

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

SIOUX FALLS, S.D. — Officials from the city of Sioux Falls, the state of South Dakota and BNSF Railway celebrated the closure of the 5,000th grade crossing on BNSF’s rail network, setting a new national record for grade crossing closures and safety improvement, the railroad announced.

Operation Lifesaver Inc. (OLI) and the Federal Railroad Administration (FRA) are awarding than $200,000 in competitive rail safety awareness grants to Operation Lifesaver programs in a dozen states.