Canadian Pacific Railway Ltd. (TSX:CP) is expanding in the U.S. Midwest by paying at least US$1.48 billion for the Dakota, Minnesota & Eastern Railroad Corp., a move that will help CP Rail extend its coal and agriculture business.
“It complements what we do and creates a new footprint for growth,” chief executive officer Fred Green told [...]

Trains rumble slowly through downtown about three times a day, blocking traffic for a few minutes on the threshold of the Mayo Clinic.
The inconvenience isn’t a big deal to many of this city’s 95,000 residents. “Trains are romantic” and played a key role in the area’s history, says John Hunkele, 50, a baker.
But a plan [...]