Canadian National Will Acquire Iowa Northern Railway
Canadian National announced last week that they are acquiring Iowa Northern Railway (IANR) – which operates around 275 track miles in Iowa in connection to CN’s U.S. rail network, AJOT reports.
The IANR largely serves the agricultural and industrial markets – covering a variety of goods including biofuels and grains – in the upper Midwest.
All that is left is for the Surface Transportation Board to review and approve the transaction. That decision is expected next year.
Weekly Rail Traffic for the Week Ending December 2nd, 2023:
- For the week ending December 2nd, rail traffic was 509,626 carloads and intermodal units – up nearly 5 percent (4.9 to be exact), according to AAR data.
- U.S. weekly intermodal volume was 272,577 containers and trailers – up 8.2 percent.
- Chemicals, petroleum and petroleum products, and motor vehicles and parts all saw increases. While non-metallic minerals, miscellaneous carloads, and grain all saw decreases.
- For the first 48 weeks of this year, North American rail volume was at 31,531,507 carloads – a decrease of 2.8 percent compared to last year.
You can check out other rail news from previous weeks, here.
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