P. M. BRIEFING : Rio Grande Makes Bid for Rail Line
Rio Grande Industries said today that it is trying to buy 500 miles of railroad between Kansas City and Chicago from Soo Line Corp. of Minneapolis.
The track would give Rio Grande, parent of the Southern Pacific and Denver & Rio Grande Western railroads, its first direct link to Chicago from the West Coast.
The railroad now must transfer goods to other lines, including Soo, in Kansas City.
Rio Grande said it is optimistic that it will be able to reach an agreement with Soo for the Kansas City-Chicago line, which passes through Missouri, Iowa and northern Illinois.
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