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RAIL EMPLOYMENT



Rail News Home M&A

5/20/2004



Rail News: M&A

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


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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.


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