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Canadian Pacific (CP) is indefinitely sidetracking plans to extend its network into the Powder...

  • Monday, December 3, 2012, 8:47 AM ET
    Canadian Pacific (CP) is indefinitely sidetracking plans to extend its network into the Powder River Basin coal producing region of the western U.S. and will take a $180M non-cash charge on its books. CP says it made the decision based on a deterioration in the market for thermal coal.
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    Smart move. When CP first said they wanted to build in the first question on everybody's mind was how will they get to the mines if BNSF and UP own the spine line? Question 2 was even if they get there where will they take the coal? It won't displace what's already moving BNSF and UP local and to the east and CP does't have that many power plants local to its lines.
    3 Dec 2012, 09:43 AM Reply Like
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