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Colorado Pacific Railroad to challenge Union Pacific over its monopoly stranglehold

Union Pacific tracks along the Eagle River through Dowd Junction. Colorado Pacific Railroad on Saturday announced it will challenge a deal between Union Pacific and Rio Grande Pacific to possibly rehabilitate the Tennessee Pass Line and offer passenger and freight service through Eagle County. In a brief press release, Hayden Soloviev, Vice Chairman of New York-based Solow Building Company and Crossroads Agriculture – the parent companies of Colorado Pacific Railroad – made its plans known Saturday afternoon after Rio Grande Pacific subsidiary Colorado, Midland & Pacific Railway Company announced its deal with UP on Thursday. Here’s the statement from Soloviev in its entirety:

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