Thursday, December 01, 2011

CP expands reach in Iowa via short line

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Canadian Pacific has executed a trackage rights agreement with the Iowa Northern Railway that it says “expands CP’s market reach in Iowa and increases rail business options for customers’ agricultural commodities via CP anad IANR track.” The agreement provides Iowa Northern rights to operate over CP’s line between Garner, Iowa, and Nora Springs, Iowa.

cp_logo_2009.jpg“The acquisition of the Forest City-Belmond line with access over CP from Garner to Nora Springs restores good service and competitive rates to customers who have not enjoyed rail service for several years,” said IANR President Dan Sabin. “In our first three weeks, we have handled more loads off of the line than had been handled over the past five years.”

As a result of the agreement, CP can now market transportation services directly to existing and future customers served by IANR.

“The agreement with Iowa Northern promotes economic growth within the state of Iowa and builds on CP’s commitment to the shippers and communities in this region,” said Jane O’Hagan, CP’s executive vice-president, Marketing & Sales and chief marketing officer. “It is a good example of CP working closely with short line railroad connections to extend our franchise and develop mutually beneficial growth opportunities.”