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Iowa Pacific Holdings (IPH) was formed in March 2001 to acquire railroads and create rail-related businesses. IPH has focused on smaller feeder railroads (“shortlines”) with annual revenues of $10 million and less. IPH has successfully acquired and operated ten railroads – while working to increase their value to rail customers and the communities they serve, through improvements in services, facilities and equipment. IPH formed Permian Basin Railways (PBR) to acquire the Texas – New Mexico Railroad and the West Texas & Lubbock Railway in May 2002. Eight other shortlines followed, including the Arizona Eastern Railway, which was sold in September 2011. In 2008 IPH acquired rail-related businesses in the UK operated through British American Railway Services This includes the heritage railways Dartmoor Railway and Weardale Railway; the national rail freight operator Devon & Cornwall Railways; and track maintenance and locomotive leasing businesses. In 2015, WT&L and TNMR were sold and operations began on a new IPH shortline, Grenada Railroad IPH management is a diverse group, collectively with hundreds of years of rail-industry experience. IPH managers have backgrounds with class I railroads, shortlines, Amtrak, trucking companies, transloading, car repair and much more. With such wide-ranging expertise, IPH is uniquely capable of devising creative solutions to transportation problems. IPH continuously seeks opportunities to increase rail freight business on its railroads through growth of existing traffic, adding contiguous lines, relocation of new customers on-line or in conjunction with trucking to non-rail-served sites. In addition, IPH continues to explore expansion of its portfolio through development of passenger business, refrigerated rail freight, car storage, car repairs, car leasing, and property development, as well as continuing to seek additional rail acquisitions.
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