MASON CITY, Iowa – Progressive Rail of Lakeville, Minn., under the name Iowa Traction Railway Co., has filed a notice of exemption with the Federal Surface Transportation Board to acquire the 10.4-mile Iowa Traction Railroad. The railroad is the last remaining electrically powered freight railroad in the U.S., harking back to its days as the Mason City & Clear Lake interurban railroad and is a popular target for railroad enthusiasts.
Progressive Rail President Dave Fellon is well aware of the railroad’s history and intends to keep the railroads four Baldwin-Westinghouse steeplecab electrics in operation. The railroad also owns former Chicago, North Shore & Milwaukee interurban passenger car No. 727.
The transaction may be completed on or after Sept. 30, 2012.