Flooding closes CP Rail track
June 24, 2011
Canadian Pacific Railway has shut a key cross-border track for up to 10 days because of flooding in Saskatchewan and North Dakota, dashing its hopes of putting a recent deluge of bad weather behind it.
The company said Thursday the rapidly rising Souris River forced the shutdown Monday night of a line running between southern Saskatchewan and the U.S. Midwest, one of three heavily used CP freight arteries into the United States.
The news comes a week after CP, Canada's second-biggest railway, said this year's spate of service disruptions due to heavy snow and then flooding looked to be over.
CP's shares are down 10 per cent this year, in part because of a biggerthan-expected two-thirds slump in profit in the firstquarter when avalanches and heavy snow in Western Canada forced it to close tracks.
© The Edmonton Journal
