Genesee & Wyoming's experience in managing rail lines acquired from Class I railroads will help it to further develop the western end of Canadian Pacific's Dakota, Minnesota & Eastern Railroad, CP said. The Class I is selling the line to GWI for $210 million subject to the Surface Transportation Board's approval. "[We] concluded GWI would provide the quality of customer service required going forward," said CP spokesman Ed Greenberg. "GWI will provide the focus and local service for customers along this corridor with ongoing access to CP’s international network."
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