Railroad Development Corporation (RDC) has entered into a strategic partnership with iCON Infrastructure, pursuant to which iCON Infrastructure Partners V (iCON V) will become a 40% partner in Iowa Interstate Railroad (IAIS). RDC will remain the majority owner of IAIS and together with iCON V will continue to support its strong management team and dedicated workforce in providing best-in-class service to IAIS’s diverse customer base.

IAIS is a regional freight railroad operating in the agro-industrial heartland of the USA. Its main line runs between Chicago and Omaha, with a branch line to Peoria, connecting with each of North America's seven Class I railroads, a number of short line railroads, and the Mississippi and Illinois river systems. Its customer base is diversified among agriculture, construction, and consumer products. Key products handled by IAIS include corn, soybeans, agricultural products such as ethanol and animal feed, construction stone, steel, sand, and intermodal containers.