User:NE2/WLO

Waterloo Railway, subsidiary of Illinois Central Railroad


 * 1955: Waterloo Railroad organized by IC and CRI&P to buy Waterloo, Cedar Falls and Northern Railway, Cedar Rapids-Waterloo-Waverly
 * 1968: IC gained full control
 * 1985 (30716): Waterloo Railroad acquired Water Valley Junction, MS (north of Grenada) to Bruce Junction, MS (interchange with Mississippi and Skuna Valley Railroad) from ICG; IC retained trackage rights; did IC acquire the remaining Iowa property then?
 * When did the name change? In 1985? It's Railroad in Moody's 1984 and Railway in 1987
 * 2001 (34014-5): acquired "nonexclusive freight operating easement" ("created to overlap the [CN] trackage rights as a means of protecting CN's rights in a pre-bankruptcy agreement whereby CN provided financing to BAR in return for CN's receipt of trackage rights") over soon-to-be bankrupt Bangor and Aroostook Railroad and subsidiary Van Buren Bridge Company, Madawaska, ME to Saint-Léonard, NB; CN to operate same under limited local trackage rights to Fraser Paper Company in Madawaska
 * Unused; instead BAR gave CN haulage rights
 * 2004 description: "Waterloo Railway Company (WRC), which operates [sic] in Mississippi and which also holds a freight operating easement over a line of railroad in Maine, though it does not presently conduct rail operations on that line."
 * 2008 (35100): acquired Woolworth, MS to Carlos, MS from IC; IC retained trackage rights with no change in operations ("would maintain Waterloo's existing asset portfolio upon any disposition of the Water Valley Line, and will facilitate freight car ownership and management functions performed by Waterloo within the CN system")