This article was posted on TO yesterday.

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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:

“Colorado Pacific Railroad LLC (CXR) will be filing a protest at the Surface Transportation Board asking it not to approve the Tennessee Pass lease agreement announced December 31st between Union Pacific (UP) and Rio Grande Pacific (RGP) on grounds that UP thereby maintains its monopoly stranglehold across the Rocky Mountains in Colorado, in defiance of concerns about the Tennessee Pass line stated by the Board in its decision in the 1996 UP-SP merger case. It appears that CXR should also request the reopening of that case, to enable Colorado’s competitive access to the national railroad network. Further, RGP has selected a business entity name deceptively similar to ours, in a purposeful effort to confuse the public. This is legally actionable and will not be tolerated.”

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Full text here:

Colorado Pacific Railroad to challenge Union Pacific over ‘its monopoly stranglehold’