History
The railroad was formed on November 2, 1984, using former Chicago, Rock Island and Pacific Railroad tracks between Chicago, Illinois, and Omaha, Nebraska. It was in partnership with real estate firm Heartland Rail Corporation that the IAIS was able to operate. Heartland purchased the right-of-way and infrastructure for $31 million (of which, $15 million was a loan from the Iowa Railway Finance Authority), and then leased it to IAIS for operations.
The railroad's mainline is roughly a straight line between these two terminal cities with a branch line connecting Bureau to Peoria, Illinois. In recognition of the railroad's Rock Island Railroad heritage, the IAIS logo uses a shape similar to the original railroad's logo.
Read more about this topic: Iowa Interstate Railroad
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