Source: The Andersons


The Andersons, Inc. has made a significant minority investment in the Iowa Northern Railway Company and its subsidiaries.


IANR operates a 163-mile Class III (short line) railroad that runs diagonally through Iowa from northwest to southeast from Manly to Cedar Rapids and a branch line from Waterloo to Oelwein. With a fleet of 21 locomotives and 500 railcars, IANR primarily serves agribusiness customers. It is also involved in the development of logistics terminals designed to aid the transloading of various products including ethanol and wind turbine components. 


Original press release