Iron Road Railways

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Iron Road Railways Inc.
Industry Rail transport
Founded Alexandria, Virginia
Founder Robert T. Schmidt, Benjamin F. Collins, John F. DePodesta, Daniel Sabin
Headquarters Alexandria, Virginia, United States
Area served
United States and Canada
Key people
Robert T. Schmidt (President)
Subsidiaries Canadian American Railroad, Bangor and Aroostook Railroad, Windsor and Hantsport Railway, Van Buren Bridge and Construction Company, Quebec Southern Railway, Northern Vermont Railroad, Iowa Northern Railway

Iron Road Railways Incorporated (IRR) was a railroad holding company which owned several short line railroads in the U.S. state of Maine, as well as the Canadian provinces of Quebec, New Brunswick and Nova Scotia.

IRR was formed in 1994 and headquartered in Alexandria, Virginia. Its president was Robert T. Schmidt and officers included Benjamin F. Collins, John F. DePodesta, and Daniel Sabin.[1]

IRR owned the following subsidiaries:


2002 bankruptcy and divestment[edit]

In 2002, IRR's "Bangor and Aroostook System" (BAR, CDAC, VBB, and QS/NV) entered bankruptcy protection and service became jeopardized. Both CN and New Brunswick Southern Railway applied to the Surface Transportation Board for permission to operate former BAR lines that served major industrial customers in northern Maine. CN was granted permission to operate from Van Buren, Maine to Madawaska, Maine, while NBSR was granted permission to operate former BAR lines from Brownville Junction south to Searsport and north to Madawaska; neither applications became necessary after the BAR lines were sold.

The BAR, CDAC, and part of the QS/NV were sold in October 2002 to Rail World, Inc. which reorganized the lines under its newly formed subsidiary Montreal, Maine and Atlantic Railway.

The NV south of Newport to Wells River, Vermont was purchased by the state of Vermont and operation contracted to Washington County Railroad.

The VBB had been operated on tracks leased from owner CP Rail. In January 2003, CP Rail sold this small line to CN.

Former IRR president Robert T. Schmidt retained ownership of the Windsor and Hantsport Railway while another former IRR officer Daniel Sabin took ownership of the Iowa Northern Railway.