Overview
For legal and regulatory historical
reasons, our rail system is comprised of three entities (the DM&E Railroad,
the IC&E Railroad, and Cedar American Rail Holdings) that are operated as a
single system under common ownership and common management. Roughly 1,000 employees drive the system. 150
of those are Cedar American employees, which means they work for both operating
railroads together, providing operations, marketing, IT, and other
administration support. The two
operating railroads account for the balance of the other 1,000 employees. The
system collectively owns over 8,000 rail cars and about 200 locomotives.
DM&E Railroad began operations in 1986. Today it is one of the
largest regional (Class II) railroads in the
IC&E Railroad began operations is 2002. It has 1,400 miles of track in
On September 4, 2007, the DM&E announced it entered into an agreement that will result in a merger of its operations with Canadian Pacific Railway Limited (CP). Closing was held on October 4, 2007, and the merger is pending approval by the federal Surface Transportation Board (STB), which is expected to reach its decision by October 2008. Shares of the DM&E will be held by an independent voting trust until the STB review and approval process is complete.
History
|
1983 - 1985 |
Chicago & NorthWestern (C&NW) Railroad files to abandon a |
|
September 1986 |
DM&E is formed through the acquisition of 826 miles of rail infrastructure and 139 miles of trackage rights, and certain buildings, locomotives, vehicles, equipment and inventory from the C&NW. C&NW had operated the railroad for over 75 years. Lombard Investments, Inc.’s affiliated investor group provides the equity capital for the transaction and controlled the Company until Oct. 4, 2007. |
|
June 1994 |
DM&E completes the restructuring of certain operating agreements, and a subsequent recapitalization. |
|
1995 - 1996 |
DM&E issues revenue bonds with the South Dakota Railroad Authority and
borrowed under a bank facility to finance the upgrade of approximately 100
miles of its mainline track between Wessington and |
|
May 1996 |
DM&E acquires the Colony Line from the Union Pacific. |
|
February 1998 |
DM&E files its application with the federal Surface Transportation Board
(STB) seeking authority to construct approximately 260 miles of new railroad
line, primarily in southwestern |
|
December 1998 |
STB issues a decision stating the PRB Project meets the statutory transportation related requirements and is consistent with the criteria for a Certificate of Public Convenience and Necessity. |
|
November 2001 |
STB publishes a favorable final Environmental Impact Statement (EIS) on the PRB Project. |
|
January 2002 |
STB issues its decision granting approval to the PRB Project. |
|
February 2002 |
IC&E executes a definitive Asset Purchase Agreement to acquire the assets of IMRL railroad. |
|
July 2002 |
IC&E begins operations of the former IMRL. |
|
March 2003 |
STB grants common control to the DM&E of the IC&E. |
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February 2006 |
After approval of a supplemental EIS, the STB gives final approval for the PRB Project to proceed. |
|
August 2006 |
DM&E creates a new company, Wyoming Dakota Railroad
Properties, Inc., to act as a subsidiary for the construction and operation
of the |
|
September 2007 |
DM&E announces it has entered into an agreement that will result in a merger of its operations with the Canadian Pacific Railway Limited (CP). |
|
October 2007 |
CP completes its transaction to acquire the DM&E and its subsidiaries. |
Current Operations
The system transports nearly 280,000 carloads of freight yearly through the
upper
Structure and Management. Cedar American Rail H
System Map. The following map depicts the DM&E, IC&E and PRB project, as well as the complete CP network:

Management
Key Management Team
|
Name |
Birth Date |
Date of Hire |
Title |
|
Kevin V. Schieffer |
02/26/58 |
11/07/96 |
President and Chief Executive Officer |
|
Lynn A. Anderson |
03/19/47 |
09/05/86 |
Senior Vice President of Marketing |
|
Kurt V. Feaster |
04/07/52 |
12/14/92 |
Senior Vice President of Finance, Chief Financial Officer |
|
J. Ed Terbell |
05/27/52 |
05/16/05 |
Executive Vice President of Operations |
|
Steven Scharnweber |
09/23/51 |
10/31/95 |
Vice President of Engineering and Chief Engineer |
|
Randy H. Henke |
01/18/54 |
06/01/06 |
Vice President of |
|
Daniel L. Goodwin |
12/08/46 |
01/06/97 |
Chief Mechanical Officer |
|
|
12/01/55 |
06/16/87 |
Chief Transportation Officer |
Management Team Background
Kevin V. Schieffer began his role as President and Chief
Executive Officer of the DM&E in 1996, and is now the President and CEO of
Cedar American Rail Holdings. Mr.
Schieffer’s long history and close association with the Company started in
1983, three years prior to its start-up. Following a two-year abandonment fight, he
initiated negotiations with the C&NW Railroad in 1985, which led to the
creation of the DM&E the following year. From 1982 to 1987, Mr. Schieffer served as
counsel to U.S. Senator Larry Pressler,
Kurt V. Feaster joined the DM&E in 1992 as Chief Financial
Officer and today is also Senior Vice President of Finance for Cedar American
Rail H
J. Ed Terbell joined the DM&E in 2005 as its Executive Vice
President – Operations. Mr. Terbell has
over 31 years of progressively responsible experience in the engineering,
transportation and mechanical departments.
Prior to joining the railroad, Mr. Terbell was General Manager for
Canadian National. Mr. Terbell worked
for Wisconsin Central for a combined 14 years as VP – General Manager, Division
Manager and Chief Engineer. Prior to
joining the Wisconsin Central, Mr. Terbell was active in numerous roles for the
CN&W including Chief Engineer Construction, Assistant Division Manager
Engineering and Manager Maintenance Operations.
Mr. Terbell attended
Steven O. Scharnweber joined the DM&E in October 1995 as
its Manager of Track Maintenance and is now Vice President of Engineering and
Chief Engineer of Cedar American Rail H
Randy
H. Henke joined Cedar American Rail Holdings
in 2006 with more than 29 years experience in engineering, operations,
marketing and planning both domestically and internationally. He currently serves as the Vice
President of
Daniel L. Goodwin joined the DM&E in January 1997 as its Chief Mechanical Officer and now is the CMO for Cedar American Rail Holdings. Mr. Goodwin has 33 years of experience in the railroad industry, most recently as Superintendent of Motive Power for the Wheeling & Lake Erie Railway Company. Mr. Goodwin also held various positions at the Norfolk & Western Railroad. Mr. Goodwin also teaches classes in electrical and mechanical training.
Clyde F. Mittleider serves as the Chief Transportation Officer
for Cedar American Rail Holdings, with the responsibilities of managing the rail
car fleet, DM&E/IC&E transportation, the dispatching center and crew office. Mr. Mittleider began his railroad career with
the