Overview

• Canadian National (CN) has signed an agreement to acquire Iowa Northern Railway, adding 275 miles of track to its North American network.
• The acquisition will connect Iowa Northern Railway's track to CN's U.S. rail network, providing single-line service to North American destinations.
• The deal is expected to support the growth of local businesses in Iowa by connecting them to larger markets.
• The U.S. Surface Transportation Board must approve the transaction before it can be completed, with a decision expected in 2024.
• Both CN and Iowa Northern Railway believe the deal will be beneficial for customers, employees, and the local Iowa economy.