Purchase By Progressive Rail
The Iowa Traction Railroad was purchased in fall 2012 by Progressive Rail, a shortline holding company based in Lakeville, Minnesota. Upon purchase, the line has been renamed Iowa Traction Railway. According to Progressive's President Dave Fellon, "It's right in our wheel house fits our model. It's a great little railroad." Comments by Progressive Rail officials in Trains Magazine indicate that the company plans to continue use of electric locomotives, possibly supplementing them with diesel, and that it is exploring the reopening of the line from Emery to Clear Lake.
Read more about this topic: Iowa Traction Railroad
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