Tuesday, May 29, 2012

Indiana Rail Road CEO honored with degree

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Rose-Hulman Institute of Technology in Terre Haute, Ind., has conferred an honorary Doctor of Engineering degree upon Thomas G. Hoback, founder, president, and CEO of The Indiana Rail Road Co. Hoback receive the degree Saturday during the school's 134th commencement ceremony.

Hoback was recommended for the honor by former Rose-Hulman President Matt Branam, not long before Branam died unexpectedly in April, the Institute says. Branam cited Hoback's leadership in the railroad industry and praised his 26-year, $120 million history of reinvestment and renovation of Indiana Rail Road's infrastructure.

Hoback called the honorary degree the "greatest, most humbling" distinction of his career and cited the many relationships – starting with Branam – he has developed with Rose-Hulman graduates who occupy leadership positions in a variety of industries.

"Matt was a terrific person and a dynamic, enthusiastic leader, and his loss is simply tragic," said Hoback. "His legacy will be carried on by the many Rose-Hulman graduates who are leaders in industry today and make a profound impression regarding the quality and significance of an education from the school.

"It is clear that Rose-Hulman is keenly attuned to the railroad industry's significance to our national infrastructure and economy, and I'm hopeful that more graduates are inspired to make their careers in railroading."

Indiana Railroad received Railway Age's 2012 Regional Railroad of the Year Award during the annual meeting of the American Short Line & Regional Railroad Association.