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

|About: Canadian Pacific Railway Li... (CP)|By:, SA News Editor

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.