{"id":7986,"date":"2024-02-02T12:37:56","date_gmt":"2024-02-02T02:37:56","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=7986"},"modified":"2024-02-02T12:37:56","modified_gmt":"2024-02-02T02:37:56","slug":"cn-files-paperwork-to-acquire-iowa-northern-hopes-to-complete-deal-by-fall","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=7986","title":{"rendered":"CN Files Paperwork to Acquire Iowa Northern; Hopes to Complete Deal by Fall"},"content":{"rendered":"<p><span>By Justin Franz\u00a0<\/span><\/p>\n<p><span>Iowa Northern Railway could become part of Canadian National before fall if a timeline put forth by the Class I railroad is approved by the U.S. Surface Transportation Board. This week, CN filed paperwork with the federal regulator to consider the proposed takeover \u2014 <\/span><a href=\"https:\/\/railfan.com\/canadian-national-to-acquire-iowa-northern\/\"><span>which was announced back in December<\/span><\/a><span> \u2014 as a \u201cminor\u201d transaction.\u00a0<\/span><\/p>\n<p><span>Iowa Northern operates on 218 miles of former Rock Island and Chicago Great Western trackage. The railroad was first established by a group of grain elevator operators in 1984 after Rock Island went bankrupt. The short line was then sold in 1994 to Iron Road Railways. The railroad operates a fleet of EMDs in an attractive maroon and gray paint scheme (inspired by another former Iron Road property, Canadian American). The railroad connects with CN at Waterloo, Iowa.\u00a0<\/span><\/p>\n<p><span>In its application, CN argues that customers will not be negatively impacted by the transaction and in fact, shippers will receive improved service from the Class I because it has more resources. The Class I has also vowed to maintain the railroad\u2019s existing interchange points with other railroads, including CPKC Railway, Union Pacific \u200b\u200band Cedar Rapids &amp; Iowa City Railway.\u00a0<\/span><\/p>\n<p><span>The STB considers railroad transactions to either be \u201cmajor\u201d or \u201cminor.\u201d A major transaction (like the CPKC merger) can take years, but a minor can take just a matter of months. For example, in late 2019, CP announced plans to take over Central Maine &amp; Quebec and by the middle of 2020, the transaction was done. CN is hoping for a similar timeline and has asked the board to make a decision on or before July 26, that would go into effect August 25.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/railfan.com\/cn-files-paperwork-to-acquire-iowa-northern-hopes-to-complete-deal-by-fall\/\">CN Files Paperwork to Acquire Iowa Northern; Hopes to Complete Deal by Fall<\/a> appeared first on <a href=\"https:\/\/railfan.com\/\">Railfan &amp; Railroad Magazine<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>By Justin Franz\u00a0 Iowa Northern Railway could become part of Canadian National before fall if a timeline put forth by the Class I railroad is [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":7987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[47],"tags":[11],"class_list":["post-7986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail-news","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/7986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7986"}],"version-history":[{"count":0,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/7986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/7987"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}