Here is that story.Genesee & Wyoming Inc. (GWI) on Friday announced that its new Rapid City, Pierre & Eastern Railroad Inc. (RCP&E) subsidiary completed the acquisition of the Dakota, Minnesota & Eastern (DM&E) west end line from Canadian Pacific. The purchase price totaled about $210 million, plus $7.5 million for certain inventory, equipment and vehicles.
Officials turn out to support RC,P & E grant application
#1
Posted 02 June 2014 - 01:19 PM
Kevin Korell
OTOL Board Leader
Lakewood, NJ
#2
Posted 29 August 2015 - 02:39 PM
KOTA-TV, Rapid City, SD 8/25:
Officials turn out to support railroad's grant application
RAPID CITY, S.D. - Railroad customers and government officials turned out Tuesday to show support for the new owners of the D,M & E Railroad in Rapid City.
Now called the Rapid City, Pierre & Eastern Railroad the railroad is working to secure a federal Department of Transportation grant for line upgrades and those that turned out Tuesday hoped their backing might help the grant money come through.
The RC,P & E took over operations in the state last year after parent company Genesee & Wyoming acquired the struggling D,M & E line. And the move has been a good one, said customer Jerry Cope From Dakota Mill and Grain.
“We're here to show a success story for a railroad that was really struggling under previous ownership,” he said. “Now we have the RC,P & E here who really wants to be here. And we're glad to have a partner in transportation that wants to be here and wants to be part of South Dakota.
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