Canadian National Railway to Buy Iowa Northern Railway
December 06 2023 - 4:43PM
Dow Jones News
By Sabela Ojea
Canadian National Railway said it is acquiring railroad operator
Iowa Northern Railway, without providing details on the value of
the deal.
The company on Wednesday said it has signed an agreement to buy
Iowa Northern Railway, which operates about 275 track miles in Iowa
connecting to Canadian National Railway's U.S. rail network.
The deal would support local businesses' growth prospects,
Canadian National Railway said.
"Iowa Northern Railway serves upper Midwest agricultural and
industrial markets covering many goods, including biofuels and
grain," it added.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
December 06, 2023 17:28 ET (22:28 GMT)
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