CN (CNI) acquires Iowa Northern Railway

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CN to Acquire Iowa Northern Railway

December 6, 2023 5:05 PM EST

Acquisition Will Provide Options for Shipping to and from Iowa

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it has signed and closed an agreement to acquire Iowa Northern Railway (IANR), which operates approximately 275 track miles in Iowa connecting to CNs U.S. rail network. The transaction closed into an independent voting trust pending regulatory review of the transaction by the U.S. Surface Transportation Board (STB).

IANR serves upper Midwest agricultural and industrial markets covering many goods, including... More