CN acquiring Iowa Northern Railway
Acquisition will provide options for shipping to and from Iowa.
Source: feedstuffs.com
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Acquisition will provide options for shipping to and from Iowa.
The purchase of the Iowa rail line adds 275 track miles to the Canadian line.
MONTREAL –– CN on Dec. 6 reported signing and closing an agreement to acquire Iowa Northern (IANR), an approximately 275-mile U.S. regional railroad that it interchanges with in Waterloo and Cedar Rapids. Terms were not disclosed.
The deal will need to be approved by the U.S. Surface Transportation Board.
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