(The following appeared on the Progressive Railroading website on May 31, 2011.)
Iowa Northern Railway Co. has filed an exemption notice with the Surface Transportation Board (STB) to operate 27.8 miles of track, referred to as the Forest City Line, which is owned by Union Pacific Railroad. The line is situated between Belmond and Forest City, Iowa, and includes 600 feet of connecting track in Garner, Iowa.
The North Central Iowa Rail Corridor L.L.C. seeks to acquire the Forest City Line from UP.
Full story: Progressive Railroading