Colorado, Midland & Pacific Railway Co. (CMPR), a wholly owned subsidiary of Rio Grande Pacific Corp. (Rio Grande), will not be able to go forward with the Tennessee Pass Line revival as filed, according to a March 25 decision by the Surface Transportation Board (STB), but the decision leaves open the possibility of re-filing.
The Colorado, Midland & Pacific Railway Co. (CMPR), a wholly owned subsidiary of Rio Grande Pacific Corp. (Rio Grande), has asked the Surface Transportation Board (STB) to “restrict the proposed lease of the [Tennessee Pass rail] Line against the transportation of crude oil, coal and hazardous commodities.”
If you missed this year’s Rail Equipment Finance Conference held in La Quinta, Calif., you may have missed the best rail equipment and finance program ever assembled in one location. Never fear, here is the “Financial Edge” annual summary of key takeaways from the speakers gracing the podium at REF 2019.
