Canadian Pacific derails Powder River Basin coal plan - KOTA Territory News

Canadian Pacific derails Powder River Basin coal plan

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Canadian Pacific coal train runs through British Columbia.  CP photo Canadian Pacific coal train runs through British Columbia. CP photo

The long-drawn out plan to extend a rail line into the Wyoming Powder River Basin is heading to the dust bin.

This morning, Canadian Pacific announced it will "defer indefinitely" the plan to extend rail into the Powder River Basin to access coal mines.  In making its decision, Canadian Pacific management stated that the "continued deterioration in the market for domestic thermal coal," as well as a steep drop in demand this year, is the reason.

The plan to tap the Wyoming mines to ship more coal east, was a Dakota Minnesota & Eastern railroad idea hatched in the mid-1990s.  When Canadian Pacific bought DM&E in 2007, it also got the option to build the 260-mile extension of DM&E's line into the basin.

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