| |
Iowa Pacific Holdings (IPH) was formed in March 2001 to acquire railroads and create rail-related businesses. IPH has focused on smaller feeder railroads with annual revenues of $7 million and less. IPH has successfully acquired and operated four railroads – while working to increase their value to rail customers and the communities they serve, through improvements in services, facilities and equipment.
IPH formed Permian Basin Railways (PBR) to acquire the Texas – New Mexico Railroad and the West Texas & Lubbock Railway in May 2002. In December, 2004, PBR acquired Arizona Eastern Railway. In December 2005, PBR acquired the San Luis & Rio Grande Railroad. Coincident with the acquisition of each railroad, IPH opened a Central Car Repair shop location to perform contract freight car repairs.
IPH management is a diverse group, collectively with hundreds of years of rail-industry experience. IPH managers have backgrounds with class I railroads, shortlines, Amtrak passenger and mail and express operations, railroad supply, intermodal, trucking companies; transloading, car repair and much more. With such wide-ranging expertise, IPH is uniquely capable of devising creative solutions to transportation problems.
IPH continuously seeks opportunities to increase rail freight business on its railroads through growth of existing traffic, relocation of new customers on-line or in conjunction with trucking to non-rail-served sites. In addition, IPH continues to explore expansion of its portfolio through new shortline acquisitions, joint ventures and other opportunities.
|
