Calgar Alberta - Canadian Pacific Railway Limited today completed the sale to Norfolk Southern Corp. (NS) of more than 280 miles of track from Schenectady, New York, to Sunbury, Pennsylvania, USA.
 
The US$214.5 million sale (subject to adjustments) of the Delaware & Hudson South (D&H) was first announced 14 Nov 2014 and approved by the U.S. Surface Transportation Board on 15 May 2015.
 
"We are pleased to have completed this transaction in partnership with Norfolk Southern," said Keith Creel, CP President and Chief Operating Officer.
 
"The sale allows CP to create value for our shareholders while better aligning the route with the railroad that already moves the majority of traffic over it."
 
The D&H South sale includes all branch lines and industrial spurs that connect to the Sunbury-Schenectady main line, plus some equipment, vehicles, and parts.
 
CP will formally cease rail operations on the corridor this evening.
 
Approximately 45,000 CP carloads and shipping containers move across the line annually, including consumer goods, salt, grain, and forest products.
 
In the past, CP has run its Holiday Train over the D&H South but due to the completion of this transaction, will no longer visit communities in this corridor.
 
However, this year CP will make one final donation to the food shelves it has previously supported in the area.
 
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