n Canadian Pacific transferred 1839route-km in the US Midwest to I&M Rail Link in April for US$250m. Formed by Montana Rail Link owner Dennis Washington, I&M includes a route from Kansas City to the Chicago area plus branch lines in Iowa, Minnesota and Wisconsin.

n A consortium headed by privatisedBrazilian steel manufacturer CSN acquired a 40% stake in iron ore giant CVRD during the privatisation auction on May 6. CVRD operates the Caraj

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