(Source: Capital Journal, October 29, 2014)
PIERRE, S.D. — An executive for the Rapid City, Pierre & Eastern Railroad said the start-up RCP&E is getting steadily better at moving grain this harvest – good news for farmers dealing with record wheat crops, good corn yields and some record sunflower yields.
Genesee & Wyoming Inc. bought 670 miles of track through the center of South Dakota and began operating the Rapid City, Pierre and Eastern Railroad in June of this year. The company bought the track – the west end of the former Dakota, Minnesota & Eastern – from the Canadian Pacific for about $210 million, plus about $7.5 million for some inventory, equipment and vehicles.
Full story: www.capjournal.com