{"id":800685,"date":"2025-01-14T12:33:28","date_gmt":"2025-01-14T17:33:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/"},"modified":"2025-01-14T12:33:28","modified_gmt":"2025-01-14T17:33:28","slug":"cns-acquisition-of-iowa-northern-approved-by-stb","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/","title":{"rendered":"CN\u2019s Acquisition of Iowa Northern Approved by STB"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MONTREAL, Jan.  14, 2025  (GLOBE NEWSWIRE) &#8212; CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the U.S. Surface Transportation Board (STB) has approved CN\u2019s acquisition of Iowa Northern Railway Company (IANR).<\/p>\n<p align=\"justify\">The decision allows CN to combine IANR\u2019s 175 route miles with CN\u2019s nearly 20,000-mile rail network as early as February 13, 2025. A combined CN-IANR will offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN\u2019s North American network. Customers and local businesses along the IANR network will benefit from new optionality to respond to the needs of their existing markets and accelerate growth in new markets.<\/p>\n<p align=\"justify\">\u201cWe recognize and thank the STB for its commitment to a rigorous process that has yielded the right outcome. We look forward to welcoming the team at Iowa Northern Railway into our CN family of railroaders, and we are carefully preparing for a successful integration. We are excited to grow our network, offering customers, farmers and our supply chain partners with single-line access to new markets. This is an important step in our growth plan, reinforcing our commitment to providing customers with exceptional rail service and powering the economy.\u201d<\/p>\n<ul type=\"disc\">\n<li>Tracy Robinson, President and Chief Executive Officer, CN<\/li>\n<\/ul>\n<p align=\"justify\">\u201cI am honored by the STB\u2019s approval of Iowa Northern joining together with CN. This combination is a milestone in my 55-year career. I am proud of what Iowa Northern\u2019s employees and customers have built and their important role in Iowa\u2019s economy. I am also excited about the benefits of our combination for customers, employees, and the communities we serve.\u201d<\/p>\n<ul>\n<li>Daniel Sabin, Chairman at Iowa Northern Railway<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>CN Forward-Looking Statements <\/strong><br \/>\n        <br \/>Certain statements by CN included in this news release constitute \u201cforward-looking statements\u201d within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cassumes,\u201d \u201coutlook,\u201d \u201cplans,\u201d \u201ctargets,\u201d or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.<\/p>\n<p align=\"justify\">\n        <strong>About CN<\/strong><br \/>\n        <br \/>CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada\u2019s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.<\/p>\n<p align=\"justify\">\n        <strong>About Iowa Northern Railway<br \/><\/strong>The Iowa Northern, based in Waterloo, is a critical transportation network in Iowa, facilitating high levels of economic development for the communities it serves. The company has been long regarded as one of the country\u2019s premier and fastest-growing independent shortline railroads led by the Sabin family.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Contacts<\/u><br \/>\n                <strong><br \/>\n                  <em><br \/>\n                    <u>:<\/u><br \/>\n                  <\/em><br \/>\n                <\/strong><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Media<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Investment Community<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Jonathan Abecassis<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Stacy Alderson<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Director, Public Affairs and<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Assistant Vice-President<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Media Relations<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Investor Relations<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">(438) 455-3692<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">(514) 399-0052<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <a href=\"mailto:media@cn.ca\" rel=\"nofollow\" target=\"_blank\">media@cn.ca<\/a>\n          <\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <a href=\"mailto:investor.relations@cn.ca\" rel=\"nofollow\" target=\"_blank\">investor.relations@cn.ca<\/a>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMTg2OSM2NjkzODYyIzIwMDY1NDM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjUwYThlOTAtYTQ1NC00OGVlLTkwMGUtODEwNDZlYjQ2YjllLTEwMTgxMTY=\/tiny\/Canadian-National-Railway.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) &#8212; CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the U.S. Surface Transportation Board (STB) has approved CN\u2019s acquisition of Iowa Northern Railway Company (IANR). The decision allows CN to combine IANR\u2019s 175 route miles with CN\u2019s nearly 20,000-mile rail network as early as February 13, 2025. A combined CN-IANR will offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN\u2019s North American network. Customers and local businesses along the IANR network will benefit from new optionality to respond to the needs of their existing markets and accelerate growth in new markets. \u201cWe recognize and thank the STB for its commitment to a rigorous process that has &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CN\u2019s Acquisition of Iowa Northern Approved by STB&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800685","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CN\u2019s Acquisition of Iowa Northern Approved by STB - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CN\u2019s Acquisition of Iowa Northern Approved by STB - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) &#8212; CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the U.S. Surface Transportation Board (STB) has approved CN\u2019s acquisition of Iowa Northern Railway Company (IANR). The decision allows CN to combine IANR\u2019s 175 route miles with CN\u2019s nearly 20,000-mile rail network as early as February 13, 2025. A combined CN-IANR will offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN\u2019s North American network. Customers and local businesses along the IANR network will benefit from new optionality to respond to the needs of their existing markets and accelerate growth in new markets. \u201cWe recognize and thank the STB for its commitment to a rigorous process that has &hellip; Continue reading &quot;CN\u2019s Acquisition of Iowa Northern Approved by STB&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-14T17:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMTg2OSM2NjkzODYyIzIwMDY1NDM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CN\u2019s Acquisition of Iowa Northern Approved by STB\",\"datePublished\":\"2025-01-14T17:33:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMzMTg2OSM2NjkzODYyIzIwMDY1NDM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cns-acquisition-of-iowa-northern-approved-by-stb\\\/\",\"name\":\"CN\u2019s Acquisition of Iowa Northern Approved by STB - 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The decision allows CN to combine IANR\u2019s 175 route miles with CN\u2019s nearly 20,000-mile rail network as early as February 13, 2025. A combined CN-IANR will offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN\u2019s North American network. Customers and local businesses along the IANR network will benefit from new optionality to respond to the needs of their existing markets and accelerate growth in new markets. \u201cWe recognize and thank the STB for its commitment to a rigorous process that has &hellip; Continue reading \"CN\u2019s Acquisition of Iowa Northern Approved by STB\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-14T17:33:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMTg2OSM2NjkzODYyIzIwMDY1NDM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CN\u2019s Acquisition of Iowa Northern Approved by STB","datePublished":"2025-01-14T17:33:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/"},"wordCount":597,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMTg2OSM2NjkzODYyIzIwMDY1NDM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cns-acquisition-of-iowa-northern-approved-by-stb\/","name":"CN\u2019s Acquisition of Iowa Northern Approved by STB - 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