Canadian Pacific Railway considers selling off Latta Subdivision

Canadian Pacific Railway considers selling off Latta Subdivision Canadian Pacific Railway said Monday it is pursuing expressions of interest from third parties for its 92.3-mile track from Fayette to Bedford, Ind., known as the Latta Subdivision.
   The Latta Subdivision has connections and interchanges with four shortline railroads and two Class I railroads, the Norfolk Southern and CSX. The four shortlines are the Indiana Rail Road Co., Indiana Southern Railroad Inc., Louisville & Indiana Railroad Co. and Paducah & Louisville Railway Inc.
   “A range of outcomes is possible, including new operating arrangements with other railroads or the sale of the rail line to another operator. Abandonment of the line is not being considered, as sufficient business exists on the rail line to support ongoing operations,” said CPR.
   CPR expects to make a final decision on its course of action by the end of the year.