On June 29, Canadian Pacific (TSX/NYSE: CP) announced that the section of the CP main line east of Medicine Hat, Alberta, that has been closed since June 18 on account of flooding has been reopened. This follows the reopening of the southern line between Lethbridge, Alberta, and Swift Current, Saskatchewan.
During the 11-day outage CP made use of secondary network routes and detour routes on other railways in an effort to minimize impacts on domestic and international supply chains. The railroad said it will work closely with its customers and supply chain partners to reschedule and expedite shipments that may have been delayed by the temporary closure. The company currently estimates that the majority of the deferred shipments will be moved in the third quarter.