Type | Private |
---|---|
Industry | Railroad |
Founded | 2001 |
Defunct | 2020 |
Headquarters | Chicago, Illinois, United States |
Key people | Edwin E. Ellis, Jr, CEO |
Revenue | US$50 million |
Number of employees | 200 |
Subsidiaries | U.S.A. Permian Basin Railways Texas – New Mexico Railroad West Texas and Lubbock Railway Texas State Railroad Chicago Terminal Railroad Rio Grande Scenic Railroad Mount Hood Railroad Saratoga and North Creek Railroad U.K. Dartmoor Railway Weardale Railway |
Website | www |
Iowa Pacific Holdings was a holding company that owned railroad properties across North America and the United Kingdom, as well as providing services such as railcar repairs, leasing, management and consulting services to other operators. The company was founded in 2001 with headquarters in Chicago, Illinois.
Iowa Pacific's North American freight services are operated by subsidiary Permian Basin Railways, which was formed in 2002 to operate the Texas – New Mexico Railroad and the West Texas and Lubbock Railway; [1] since then, Iowa Pacific through Permian Basin has acquired the Arizona Eastern Railway in 2004, [2] (sold September 1, 2011 to Genesee & Wyoming Inc. [3] ) the San Luis & Rio Grande Railroad in 2005, [4] the Chicago Terminal Railroad in 2006 [5] and the Mount Hood Railroad in 2008. [6]
In addition to freight operations, Iowa Pacific operated several passenger train operations through North America. The Rio Grande Scenic Railroad began operations in 2006, [7] the Mount Hood Railroad, which operates both freight and passenger services, was purchased in 2008, [6] the same year Copper Spike Excursion Train service began over Arizona Eastern trackage. [8] [9]
In August 2011, the Arizona Eastern Railway was sold to Genesee & Wyoming. [10]
The Saratoga and North Creek Railway began operations in the summer of 2011, offering scheduled passenger rail service, as opposed to excursion trains. [11] Passenger operations ceased on April 7, 2018 as well as the final revenue freight train to remove stored tank cars. [12]
Iowa Pacific also owned the Dartmoor Railway and a controlling stake in the Weardale Railway, both heritage lines in England. [13] [14] Iowa Pacific purchased the companies in 2008, operating them under the name British American Railway Services. [15]
In 2012, Iowa Pacific acquired three railroad operations during the year:
In February 2014, Iowa Pacific began test runs of the Eastern Flyer, a proposed regular passenger train service between Oklahoma City and Tulsa. [18] However, the company later abandoned the project. [19]
In April 2015, Iowa Pacific announced a deal with the Indiana Department of Transportation and Amtrak to supply rolling stock and on-board services personnel for the Hoosier State , which runs between Chicago and Indianapolis. [20] [21] Indiana announced on January 30, 2017, that Amtrak would resume providing rolling stock for the Hoosier State on March 1, as Iowa Pacific was no longer able to fulfill the contract. [22] [23]
In May 2015, Watco announced that it would purchase two Iowa Pacific subsidiaries, the Texas & New Mexico Railway and the West Texas and Lubbock Railway. [24]
In September 2015, Iowa Pacific took over operations of the Grenada Railway in Mississippi. [25] The Grenada Railway, was subsequently acquired by RailUSA in August 2018 and renamed the Grenada Railroad. [26]
Iowa Pacific Holdings and its subsidiaries had severe financial trouble and held large debts. In 2019 and 2020, many of IPH's subsidiaries were placed into receivership. Along with IPH's subsidiaries facing serious financial trouble, Iowa Pacific's two main rolling stock holding companies, Heritage Rail Leasing and San Luis & Rio Grande Railroad were forced into Chapter 11 bankruptcy and were appointed a trustee by a U.S. bankruptcy court in Denver. [27] Iowa Pacific Holdings itself filed for Chapter 7 bankruptcy in U.S. bankruptcy court in Northern Illinois in late March 2021. [28] As of 2021, Iowa Pacific Holdings former rolling stock and subsidiary railroads have been sold and auctioned off by the appointed trustees. [29]
A transcontinental railroad or transcontinental railway is contiguous railroad trackage, that crosses a continental land mass and has terminals at different oceans or continental borders. Such networks can be via the tracks of either a single railroad or over those owned or controlled by multiple railway companies along a continuous route. Although Europe is crisscrossed by railways, the railroads within Europe are usually not considered transcontinental, with the possible exception of the historic Orient Express. Transcontinental railroads helped open up unpopulated interior regions of continents to exploration and settlement that would not otherwise have been feasible. In many cases they also formed the backbones of cross-country passenger and freight transportation networks. Many of them continue to have an important role in freight transportation and some like the Trans-Siberian Railway even have passenger trains going from one end to the other.
The Union Pacific Railroad, legally Union Pacific Railroad Company and often called simply Union Pacific, is a freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and West South Central United States.
The Association of American Railroads (AAR) is an industry trade group representing primarily the major freight railroads of North America. Amtrak and some regional commuter railroads are also members. Smaller freight railroads are typically represented by the American Short Line and Regional Railroad Association (ASLRRA), although some smaller railroads and railroad holding companies are also members of the AAR. The AAR also has two associate programs, and most associates are suppliers to the railroad industry.
The Atchison, Topeka and Santa Fe Railway, often referred to as the Santa Fe or AT&SF, was one of the larger railroads in the United States. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the Kansas–Colorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress.
The Chicago and North Western was a Class I railroad in the Midwestern United States. It was also known as the "North Western". The railroad operated more than 5,000 miles (8,000 km) of track at the turn of the 20th century, and over 12,000 miles (19,000 km) of track in seven states before retrenchment in the late 1970s. Until 1972, when the employees purchased the company, it was named the Chicago and North Western Railway.
The Grand Trunk Western Railroad Company was an American subsidiary of the Canadian National Railway operating in Michigan, Illinois, Indiana, and Ohio. Since a corporate restructuring in 1971, the railroad has been under CN's subsidiary holding company, the Grand Trunk Corporation. Grand Trunk Western's routes are part of CN's Michigan Division. Its primary mainline between Chicago and Port Huron, Michigan serves as a connection between railroad interchanges in Chicago and rail lines in eastern Canada and the Northeastern United States. The railroad's extensive trackage in Detroit and across southern Michigan has made it an essential link for the automotive industry as a hauler of parts and automobiles from manufacturing plants.
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Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 122 railroads in the United States, Canada, Belgium, Netherlands, Poland, United Kingdom and formerly Australia. It operates more than 13,000 miles (21,000 km) of owned and leased track. G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers. The company had its roots in the Class III Genesee and Wyoming Railroad, which began in 1899.
The Connecticut Southern Railroad is a 90-mile (140 km) long short-line railroad operating in Connecticut and Massachusetts. The company was formed in 1996 as a spinoff of Conrail by shortline holding company RailTex and subsequently acquired in 2000 by RailAmerica. Since 2012, it has been a subsidiary of Genesee & Wyoming. CSO is headquartered in Hartford, Connecticut, site of its Hartford Yard. The company also operates East Hartford Yard.
The New England Central Railroad is a regional railroad in the New England region of the United States. It began operations in 1995, as the successor of the Central Vermont Railway (CV). The company was originally a subsidiary of holding company RailTex before being purchased by RailAmerica in 2000. In 2012, the company was purchased by Genesee & Wyoming, its current owner.
The Arizona Eastern Railway is a Class III railroad that operates 265 miles (426 km) of railroad between Clifton, Arizona, and Miami, Arizona, in the United States. This includes trackage rights over the Union Pacific Railroad between Lordsburg, New Mexico, and Bowie, Arizona. The railroad serves the copper mining region of southeastern Arizona, and the agricultural Gila River Valley. Primary commodities are sulfuric acid, copper concentrate, copper anode and cathode, and copper rod and other copper processing materials. AZER also handles minerals, chemicals, building supplies and lumber. The railroad offers a transload location for lumber, building materials and other consumer commodities at Globe, Arizona.
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Maine Eastern Railroad was a railroad that operated in coastal Maine, between Brunswick and Rockland, on the former Maine Central Rockland Branch rail line. Maine Eastern passenger trains connected with the Amtrak Downeaster passenger train and Pan Am Railways at Brunswick Maine Street Station. The state of Maine did not renew the operating contract with MERR, which effectively ended operations at the end of 2015.
The Texas & New Mexico Railway is a class III short-line railroad operating in west Texas and southeast New Mexico. The railroad line operates on 111 miles of track from a connection with the Union Pacific at Monahans, Texas, and terminates at Lovington, New Mexico. The railroad primarily provides freight service for the oilfields and related industries in the region.
The following is a brief history of the North American rail system, mainly through major changes to Class I railroads, the largest class by operating revenue.
The Eastern Flyer was a proposed medium distance inter-city train traveling between Oklahoma City in central Oklahoma and Tulsa in north-eastern Oklahoma. It was originally planned to be a private operation by the Iowa Pacific Railroad, and its services were to have included a dome car, coaches and full meal service. This would have been the first regular passenger service to Tulsa since the Santa Fe discontinued service in 1971.