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Published October 21, 2008, 09:00 AM

Brief: Canadian Pacific buys O'Brien line

The Sioux Falls, S.D.-headquartered IC&E (Iowa, Chicago and Eastern) line, which runs through O’Brien County, Iowa, has been acquired by the Canadian Pacific Railway for $1.5 million.

SHELDON, Iowa — The Sioux Falls, S.D.-headquartered IC&E (Iowa, Chicago and Eastern) line, which runs through O’Brien County, Iowa, has been acquired by the Canadian Pacific Railway for $1.5 million.

The federal Surface Transportation Board has approved the merger, which will go into effect Oct. 30.

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