• JUser::_load: Unable to load user with id: 79
Monday, August 29, 2011

Indiana Rail Road Co. to invest $65 million in Hiawatha Yard

Written by 

Indiana Rail Road Company President and Chief Executive Officer Thomas Hoback, along with state of Indiana and Greene County officials, plan to announce a major capital investment and participate in a groundbreaking ceremony at INRD's Hiawatha Yard near Jasonville, Ind., at 11 a.m. (ET) Monday, Aug. 29.

Hiawatha Yard is the operational heart of the 500-mile Indiana Rail Road system, which is headquartered in Indianapolis and provides nearly 200 jobs in central and southwest Indiana and east-central Illinois.

The announcement is part of a $65-million, five-year investment plan INRD is undertaking to prepare for explosive growth in its rail traffic over the next five years. INRD's current traffic levels take the equivalent of 800,000 truckloads of freight off highways each year.

Get the latest rail news

The inside scoop from RT&S, IRJ and Railway Age on and off the track. Join our email list.