Canadian National Railway (CN) has inked a deal to buy an Iowa railway and connect it to its U.S. rail network, the company announced Dec. 6.
“We are delighted to have reached an agreement with Iowa Northern Railway. We look forward to the opportunities our combined network will provide customers, farmers, and our partners to respond to the needs of their existing and new markets,” said Tracy Robinson, CN’s president and CEO in a news release.
Iowa Northern Railway operates about 275 track miles (443 km) in Iowa, the release said. It serves upper Midwest agricultural and industrial markets.
CN did not disclose the terms of the transaction. The agreement awaits regulatory review by the U.S. Surface Transportation Board.
That decision is expected sometime next year, CN said.
–Geralyn Wichers is associate digital editor of AGCanada.com. She writes from southeastern Manitoba.
