Henry Posner III

RDC, iCON Form IAIS Partnership

Railroad Development Corp., the Pittsburgh-based railway investment and management company with interests in railways and related businesses in the Americas and Europe, on Dec. 31, 2020 entered into a strategic partnership with iCON Infrastructure LLC, an independent investment firm focused on investments in core infrastructure businesses across North America and Europe. iCON Infrastructure Partners V will acquire a 40% stake in Class II Iowa Interstate Railroad (IAIS). RDC will remain majority owner of IAIS and together with iCON V “will continue to support its strong management team and dedicated workforce in providing best-in-class service to IAIS’ diverse customer base.”

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Posner Foundation benefits OLI safety programs

A substantial donation to Operation Lifesaver, Inc. (OLI) from the Posner Foundation of Pittsburgh, Pa., will go a long way toward assisting the non-for-profit organization with its railroad public safety initiatives.