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  • Chicago Terminal Railroad (CTM)

  • Iowa Pacific Holdings and its subsidiaries had severe financial trouble and held large debts. In 2019 and 2020, many of IPH's subsidiaries were placed into receivership. Along with IPH's subsidiaries facing serious financial trouble, Iowa Pacific's two main rolling stock holding companies, Heritage Rail Leasing and San Luis & Rio Grande Railroad were forced into Chapter 11 bankruptcy and were appointed a trustee by a U.S. bankruptcy court in Denver. [27] Iowa Pacific Holdings itself filed for Chapter 7 bankruptcy in U.S. bankruptcy court in Northern Illinois in late March 2021.[28] As of 2021, Iowa Pacific Holdings former rolling stock and subsidiary railroads have been sold and auctioned off by the appointed trustees
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Chicago Terminal Railroad (CTM)

Iowa Pacific Holdings and its subsidiaries had severe financial trouble and held large debts. In 2019 and 2020, many of IPH's subsidiaries were placed into receivership. Along with IPH's subsidiaries facing serious financial trouble, Iowa Pacific's two main rolling stock holding companies, Heritage Rail Leasing and San Luis & Rio Grande Railroad were forced into Chapter 11 bankruptcy and were appointed a trustee by a U.S. bankruptcy court in Denver. [27] Iowa Pacific Holdings itself filed for Chapter 7 bankruptcy in U.S. bankruptcy court in Northern Illinois in late March 2021.[28] As of 2021, Iowa Pacific Holdings former rolling stock and subsidiary railroads have been sold and auctioned off by the appointed trustees

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Chicago Terminal Railroad (CTM)

 #1415097  by Jeff Smith
 
This topic is for discussion of the Chicago Terminal Railroad, a subsidiary of Iowa Pacific.

http://www.iowapacific.com/railroads/ch ... l-railway/" onclick="window.open(this.href);return false;

Re: Chicago Terminal Railroad (CTM)

 #1439889  by zmuzak
 
Hi Jeff. Is CTR still active by the Clybourn Metra UP station? I was wondering whatever happened to the brown ILSX 900 that was always parked there and hasn't been seen in a few months. Thank you.

Re: Chicago Terminal Railroad (CTM)

 #1443696  by Tadman
 
I don't know that they have any customers left. They existed to serve the former east-of-river MILW trackage which is mostly gone. Finkl Steel moved south near the old NKP main at 95th, Peerless Confection moved somewhere out to the burbs, and I think General Iron uses barge now.
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