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.”
Henry Posner III
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.
In a forum at the May 21, 2014 OECD (Organisation for Economic Co-operation and Development) International Transport Forum in Leipzig, Germany, Railroad Development Corp. Chairman Henry Posner III said that European railways “need to be opened up for both competition and cooperation to widen their market and become successful.”