Canadian Pacific Railway
The Plaza Terminal will be served by the Canadian Pacific Railway (TSX:CP) (NYSE:CP). CP is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. The CP’s extensive network reach, access to ports. and connections to short line, regional and Class 1 carriers, provide unparalleled access from the Bakken Shale to Gulf Coast, Midwest, Northeast, and Canadian markets.
With more than 15,000 track miles and global reach through its ports on the east and west coasts, the Canadian Pacific plays a key role in the energy supply chain. CP is the only rail carrier providing single line haul service between the Bakken and major crude oil markets in the Northeastern United States.
Dakota Gold believes that the substantial capital investment Canadian Pacific is making in the Bakken region, and on the Newtown sub line in particular, will allow the Plaza Terminal to more effectively realize its design capabilities and will have a material impact on some of the congestion issues experienced by all railroads during the rapid expansion of rail deliveries of Bakken crude.