Iowa Pacific Holdings
Encyclopedia
Iowa Pacific Holdings is a holding company
that owns railroad properties across North America and the United Kingdom, as well as providing services such as railcar repairs and leasing and management and consulting services to other operators. The company was founded in 2001 with headquarters in Chicago, Illinois.; current CEO is Ed Ellis.
and the West Texas and Lubbock Railway
; since then, Iowa Pacific through Permian Basin has acquired the Arizona Eastern Railway in 2004, (announced in August 2011 to be sold to Genesee & Wyoming Inc.) the San Luis & Rio Grande Railroad in 2005, the Chicago Terminal Railway in 2006 and the Mount Hood Railroad
in 2008.
In addition to freight operations, Iowa Pacific operates several passenger train operations through North America. The Rio Grande Scenic Railroad
began operations in 2006, the Mount Hood Railroad, which operates both freight and passenger services, was purchased in 2008, the same year Copper Spike Excursion Train service began over Arizona Eastern trackage. The Saratoga and North Creek Railroad
began operations in the summer of 2011, offering scheduled passenger rail service, as opposed to excursion trains.
Iowa Pacific also fully owns the Dartmoor Railway
and a controlling stake in the Weardale Railway
, both shortlines in the United Kingdom that operate freight and passenger services; Iowa Pacific purchased the companies in 2008, operating them under the name British American Railway Services.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that owns railroad properties across North America and the United Kingdom, as well as providing services such as railcar repairs and leasing and management and consulting services to other operators. The company was founded in 2001 with headquarters in Chicago, Illinois.; current CEO is Ed Ellis.
Holdings
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 RailroadTexas – New Mexico Railroad
The Texas–New Mexico Railroad is a shortline railroad operating in west Texas and southeast New Mexico. The railroad line operates on 104 miles of track from a connection with the Union Pacific Railroad at Monahans, Texas, and terminates at Lovington, New Mexico...
and the West Texas and Lubbock Railway
West Texas and Lubbock Railway
The West Texas and Lubbock Railway is a shortline railroad in Texas, owned by Iowa Pacific Holdings through its Permian Basin Railways subsidiary. It connects the BNSF Railway in Lubbock with agricultural and oil-producing areas to the west and southwest...
; since then, Iowa Pacific through Permian Basin has acquired the Arizona Eastern Railway in 2004, (announced in August 2011 to be sold to Genesee & Wyoming Inc.) the San Luis & Rio Grande Railroad in 2005, the Chicago Terminal Railway in 2006 and the Mount Hood Railroad
Mount Hood Railroad
The Mount Hood Railroad is a heritage and shortline freight railroad located in Hood River, Oregon, east of Portland, Oregon, United States....
in 2008.
In addition to freight operations, Iowa Pacific operates several passenger train operations through North America. The Rio Grande Scenic Railroad
Rio Grande Scenic Railroad
The Rio Grande Scenic Railroad of Colorado, a heritage railway, began operations in 2006, operating both steam and diesel locomotives in the San Luis Valley. Located south of Denver, Colorado, the Rio Grande Scenic Railroad operates out of Alamosa, Monte Vista and La Veta...
began operations in 2006, the Mount Hood Railroad, which operates both freight and passenger services, was purchased in 2008, the same year Copper Spike Excursion Train service began over Arizona Eastern trackage. The Saratoga and North Creek Railroad
Saratoga and North Creek Railroad
The Saratoga and North Creek Railroad is a shortline railroad that operates in the upper Hudson River region in New York State's Adirondack Mountains that began operation in July 2011....
began operations in the summer of 2011, offering scheduled passenger rail service, as opposed to excursion trains.
Iowa Pacific also fully owns the Dartmoor Railway
Dartmoor Railway
The Dartmoor Railway is a long railway line in Devon, England. From Crediton the line parallels the Tarka Line to the site of the former Coleford Junction. Heading west it then serves Sampford Courtenay, Okehampton and Meldon Quarry. The route is owned from Coleford to Meldon by Aggregate...
and a controlling stake in the Weardale Railway
Weardale Railway
The Weardale Railway is a British single-track branch line railway providing regular daily passenger service between Bishop Auckland , Wolsingham, Frosterley and Stanhope. Services began on 23 May 2010 after a lapse of almost sixty years. The railway originally ran from Bishop Auckland to...
, both shortlines in the United Kingdom that operate freight and passenger services; Iowa Pacific purchased the companies in 2008, operating them under the name British American Railway Services.