IAIS operates in the agro-industrial heartland of the U.S. Its main line runs between Chicago and Omaha, with a branch line to Peoria, connecting with each of North America’s seven Class I railroads, a number of short line railroads, and the Mississippi and Illinois River systems. IAIS’ customer base includes agriculture, construction, and consumer products. Key commodities transported include corn, soybeans, agricultural products such as ethanol and animal feed, construction stone, steel, sand and intermodal containers.
IAIS was formed in 1984, with RDC acquiring a minority interest in 1991 and 100% ownership since 2004.
Henry Posner III
“Recognized as a leader in safety and growth, IAIS’ location and independence provide competitive options for its customers, and the railroad serves an important role in industrial development for its territory,” said RDC and IAIS Chairman Henry Posner III. “RDC’s business model is based on partnerships, a model that originates fr
RDC, iCON Form IAIS Partnership Written by William C. Vantuono, Editor-in-Chief
Railroad Development Corp., the Pittsburgh-based railway investment and management company with interests in railways and related businesses in the Americas and Europe, on Dec. 31, 2020 entered into a strategic partnership with iCON Infrastructure LLC, an independent investment firm focused on investments in core infrastructure businesses across North America and Europe. iCON Infrastructure Partners V will acquire a 40% stake in Class II Iowa Interstate Railroad (IAIS). RDC will remain majority owner of IAIS and together with iCON V “will continue to support its strong management team and dedicated workforce in providing best-in-class service to IAIS’ diverse customer base.”