Railpace has posted a rebuttal from CPR. Well, a kind of rebuttal...
CANADIAN PACIFIC'S RESPONSE TO BLE LOCAL WEBSITE REPORT: There has continued to be a number of rumours and ongoing speculation in regards to the restructuring by CPR of its D&H railroad. As a matter of policy CPR does not comment on rumours or speculation on any aspect of their operations. However, in response to rumours posted on the BLE website regarding a possible deal between CPR and NS on the operations of the D&H, CPR made the following comments:
• CPR acknowledged NS is one of several railways that have expressed an interest in participating in the restructuring of the D&H
• CPR has not formalized any deal in regards to the restructuring of the D&H
• CPR will issue a formal news release when it has formalized its restructuring of the D&H
In other words, the fat lady has yet to sing.