CPKC’s Invigorated Industrial Development Strategy
Introducing The Rising Stars Of 2025
Richard Kloster On The Rail-Car Supply Chain’s Future
Sizing Up Winter MOW Equipment In Summer
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
railPrime
RAIL EMPLOYMENT & NOTICES
Rail News Home
M&A
Rail News: M&A
7/18/2006
Rail News: M&A
Iowa Interstate closes on Great Western acquisition
advertisement
Iowa Interstate Railroad Ltd. (IAIS) has completed its purchase of OmniTRAX’s Great Western Railway of Iowa L.L.C.
The acquisition, which had been announced in March, will enable the 552-mile IAIS to expand operations in the Council Bluffs, Iowa, area.
“Our intermodal facility was nearing capacity and interchange business with Union Pacific and BNSF has been growing, also,” said IAIS President and Chief Executive Officer Dennis Miller in a prepared statement. “The long-term plan will be to rehabilitate the newly acquired railroad, and incorporate the yards and operations into one facility.”
As a terminal switching carrier, the Great Western operated 30 miles of yard and industry tracks, provided rail-car storage and repair services, and served a transload facility and grain elevator. The short line interchanges with IAIS, BNSF Railway Co., Union Pacific Railroad and CBEC Railway Inc.
The acquisition, which had been announced in March, will enable the 552-mile IAIS to expand operations in the Council Bluffs, Iowa, area.
“Our intermodal facility was nearing capacity and interchange business with Union Pacific and BNSF has been growing, also,” said IAIS President and Chief Executive Officer Dennis Miller in a prepared statement. “The long-term plan will be to rehabilitate the newly acquired railroad, and incorporate the yards and operations into one facility.”
As a terminal switching carrier, the Great Western operated 30 miles of yard and industry tracks, provided rail-car storage and repair services, and served a transload facility and grain elevator. The short line interchanges with IAIS, BNSF Railway Co., Union Pacific Railroad and CBEC Railway Inc.
