The Indiana Rail Road Company (INRD), founded March 18, 1986, is a privately-held, 500-mile railroad with a full-time staff of almost 200. The company hauls a variety of consumer, energy and industrial products, and serves central and southwest Indiana and central Illinois with nationwide connections at transportation hubs such as Chicago, Indianapolis and Louisville, Ky.
The company is an entrepreneurial success story. INRD Founder, President and CEO Thomas Hoback purchased a rail line slated for abandonment by a previous owner and, in 25 years, increased business more than 12-fold and transformed the railroad into a state-of-the-art, heavy-haul transportation system.
In 2010, the Indiana Rail Road hauled the equivalent of 800,000 truckloads of freight, providing an environmentally-friendly transportation alternative and reducing gridlock on our highways.
INRD is also active in the community, operating the annual Santa Train, serving as sponsor of major programs at the Indiana Historical Society and Eiteljorg Museum of American Indians and Western Art, and by providing support for a variety of local community programs.
Corporate Headquarters:
101 W. Ohio St., Suite 1600, Indianapolis
Operating Hub:
Hiawatha Yard, 1250 S. Meridian St., Jasonville, Ind.
Executive Management:
- Thomas G. Hoback, President and Chief Executive Officer
- Robert Babcock, Vice President, Transportation and Mechanical
- Micheal Engel, Vice President and Chief Accounting Officer
- Larry Kaelin, Vice President, Business Development
- David Long, Vice President, Marketing & Sales
- James Merritt, Vice President, Public Affairs
- Peter Ray, Vice President, Engineering
Sampling of Customers:
Ameren; Bemis; Duke Energy; General Electric; The Hershey Co.; Indianapolis Power & Light Co.; Lincolnland Agri-Energy; Marathon Petroleum; Mont Eagle Mills; Naval Surface Warfare Center (NWSC) Crane; Peabody Energy; PolyOne Corp.; Rogers Group
System Mileage:
232 miles owned; 320 additional miles under trackage rights, haulage agreements
2011 Capital Expenditures for Infrastructure (no tax dollars or abatements):
$21 million
Total Infrastructure Investments, 1986-2010:
More than $100 million
2010 Estimated Employment/Payroll:
200 people/$12 million (less than 20 employees when founded)
2010 Estimated Total Payroll, Property and Corporate Taxes:
$10.5 million
Motive Power Fleet (as of 4/21/11):
41 diesel-electric locomotives; 131,500 aggregate horsepower