CN to buy Iowa Northern

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MQT1223
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CN to buy Iowa Northern

Unread post by MQT1223 »

Looks like another Midwest regional is going to the Canadians, this time CN is picking up the Iowa Northern instead of CP buying back a railroad they had sold off prior.

[url] Date: 12/06/23 16:15
CN to Acquire Iowa Northern
Author: MILW86A

Read it here folks:

https://finance.yahoo.com/news/cn-acqui ... HCMHDyhxmR[/url]
1223 OUT! President and Founder of the Buck Creek Central, the Rolling River Route! (2012-2017) President and Founder of the Lamberton Valley Railroad, The Tin Plate Road! Proudly railfanning with Asperger's since 1996. :)

Man o' War
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Re: CN to buy Iowa Northern

Unread post by Man o' War »

Agricultural bonanza. Decent traffic base - mostly elevators, a couple of ethanol plants I think, and some lumber. Will also bolster traffic on the Iowa division. Sorry to see the paint scheme go though.

Man o' War

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cfriedri
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Re: CN to buy Iowa Northern

Unread post by cfriedri »

Will be interested to see what happens with the north end of the railroad. As I understood it, a lot of trains were built and sorted for the UP in Manly. I can't imagine CN will continue to do that.
Connor

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