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Rail News: Rail Industry Trends

Canadian Pacific reopens flooded mainline


Yesterday, Canadian Pacific announced that the section of its mainline east of Medicine Hat, Alberta, that had been closed since June 18 is now open.

The line was closed by a “100-year rainfall event,” which washed out portions of the mainline in southeastern Alberta and Southwestern Saskatchewan, and caused widespread flooding, according to CP.

During the 11-day closure, the Class I used secondary network routes and detour routes on other railroads. CP now will work with shippers and supply-chain partners to reschedule shipments that may have been delayed, CP officials said in a prepared statement.

The railroad estimates the mainline closure will reduce second-quarter earnings by 10 cents to 13 cents per share.

Contact Progressive Railroading editorial staff.

More News from 6/30/2010