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
Famous quotes containing the word history:
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“There is a history in all men’s lives,
Figuring the natures of the times deceased,
The which observed, a man may prophesy,
With a near aim, of the main chance of things
As yet not come to life.”
—William Shakespeare (1564–1616)
“History does nothing; it does not possess immense riches, it does not fight battles. It is men, real, living, who do all this.... It is not “history” which uses men as a means of achieving—as if it were an individual person—its own ends. History is nothing but the activity of men in pursuit of their ends.”
—Karl Marx (1818–1883)