Canadian Pacific Railroad - owner of Dakota, Minnesota & Eastern Railroad Corp. (DME) - 2008
The Dakota, Minnesota & Eastern
was formed in 1986, taking over lines owned by the Chicago & North Western located in South Dakota and Minnesota. The railroad is based in Sioux Falls, S.D. In 2002, DME formed the Iowa, Chicago & Eastern Railroad (ICE), which took over the operations of the I & M Rail Link. On Oct. 30, 2008, the Canadian Pacific Railroad (CP) acquired the DME and ICE through its U.S. subsidiary, the Soo Line Railroad Co. To simplify the corporate structure of CP's holdings in the United States, ICE has been merged into the DME and ICE no longer exists. The DME planned to build 262 miles and rebuild 650 miles of track, allowing the railroad access to coal located in the Powder River Basin in Wyoming, but CP has not yet determined if it will proceed with the project.
The combined DME operates more than 2,500 miles of track running from Rapid City, S.D., to Winona, Minn., located on the Mississippi River; and from Minneapolis to Chicago and Kansas City, paralleling the Mississippi River through Iowa. The railroad also operates a line across northern Iowa and one across southern Minnesota. Iowa operations consist of about 660 miles. The railroad has access to all major railroads at gateways in Chicago, Kansas City and St Paul, Minn. The DME currently employs nearly 1,300 people systemwide with 312 located in Iowa.
The main products handled by the DME include coal, farm products, food products, chemicals, waste products, primary metal products, nonmetallic metals and stone.