Iowa Northern 3806 South follows the Cedar River in northwest Cedar Rapids - 2011 Buddy Burton.

1 December 2011

Canadian Pacific and Iowa Shortline Announce Trackage Rights Agreement

Calgary Alberta - Canadian Pacific today announced a trackage rights agreement with the Iowa Northern Railway (IANR), which will enhance shipping alternatives for local customers and provide benefits for both railroads.
 
The agreement expands CP's market reach in Iowa and increases rail business options for customers' agricultural commodities via CP and IANR track. The agreement also provides Iowa Northern rights to operate over CP's line between Garner, Iowa, and Nora Springs, Iowa.
 
"The acquisition of the Forest City-Belmond line with access over CP from Garner to Nora Springs restores good service and competitive rates to customers who have not enjoyed rail service for several years," said IANR President Dan Sabin. "In our first three weeks, we have handled more loads off the line than had been handled over the past five years."
 
As a result of the agreement, CP can now market transportation services directly to existing and future customers served by the IANR.
 
"The agreement with Iowa Northern promotes economic growth within the state of Iowa and builds on CP's commitment to the shippers and communities in this region," said Jane O'Hagan, CP's Executive Vice-President, Marketing and Sales and Chief Marketing Officer. "It is a good example of CP working closely with shortline railroad connections to extend our franchise and develop mutually beneficial growth opportunities."
 
Across its 14,800-mile network in Canada and the United States, CP has collaborative arrangements with about 100 shortline railroads.
 
CP is committed to continuously improving operating efficiencies between rail carriers and developing new business by extending its services into markets previously beyond its reach. As a result, today CP is shipping goods to new markets and moving goods that were traditionally carried by trucks.
 
About Iowa Northern Railway
 
The Iowa Northern Railway Company is a family-owned, full-service, shortline railroad headquartered in Cedar Rapids, Iowa, USA. It operates offices, maintenance shops, and yard facilities in Manly, Greene, and Waterloo. For more information, visit Iowa Northern online at iowaNorthern.com