Altamont Press Discussion Board :: Discussion :: Re: How to improve Iowa Pacific

Re: How to improve Iowa Pacific

Author: J. K. Trowling

Date: 01-16-2017 - 08:12

Joe Cullum Wrote:
-------------------------------------------------------
> So I've been thinking...
>

>
> Why did IPH decide to sell profitable money-making
> lines like AZER hauling copper or Permian Basin in
> Texas? I don't get it... Why do they decide to
> keep lines that have very little freight when
> passenger ops make little monew... Does their
> management need more time to develop freight?
>
> I hope they get a chance. It looks like Ellis has
> a plan for these sales but I don't see it...
>
> Joe Cullum in Exeter

And herein lies the problem with Iowa Pacific Holdings (again, as pointed out, it and Iowa Pacific are one in the same and there is nothing new here): They have sold off everything of value to pay off portions of what is tremendous debt, and Ed Ellis continues to play trains with no plan to do anything that makes even a penny. And people are owed money from coast to coast, including everyone from small advertising companies involved with the various excursions to historical societies who leased IPH the classic diesels to power its passenger trains to abruptly laid off employees whose final checks weren't paid.

Hopefully 2017 will bring Iowa Pacific Holdings the "mercy killing" it needs. Too many people have been swindled and left holding the bag already.

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Subject	Written By	Date/Time (PST)
How to improve Iowa Pacific	Joe Cullum	01-14-2017 - 11:47
Re: How to improve Iowa Pacific	wsabo	01-14-2017 - 13:26
Re: How to improve Iowa Pacific	I could be wrong	01-14-2017 - 16:16
Re: How to improve Iowa Pacific	Afghanistan Alfred	01-15-2017 - 18:46
Re: How to improve Iowa Pacific	Cctgm	01-15-2017 - 19:19
Re: How to improve Iowa Pacific	Douby	01-16-2017 - 18:13
Re: How to improve Iowa Pacific	ShortlinesUSA	01-17-2017 - 05:03
Re: How to improve Iowa Pacific	J. K. Trowling	01-16-2017 - 08:12
Re: How to improve Iowa Pacific	Anon	01-17-2017 - 13:57

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J. K. Trowling Wrote:
-------------------------------------------------------
> Joe Cullum Wrote:
> --------------------------------------------------
> -----
> > So I've been thinking...
> > 
> 
> > 
> > Why did IPH decide to sell profitable
> money-making
> > lines like AZER hauling copper or Permian Basin
> in
> > Texas? I don't get it... Why do they decide to
> > keep lines that have very little freight when
> > passenger ops make little monew... Does their
> > management need more time to develop freight?
> > 
> > I hope they get a chance. It looks like Ellis
> has
> > a plan for these sales but I don't see it...
> > 
> > Joe Cullum in Exeter
> 
> 
> And herein lies the problem with Iowa Pacific
> Holdings (again, as pointed out, it and Iowa
> Pacific are one in the same and there is nothing
> new here): They have sold off everything of value
> to pay off portions of what is tremendous debt,
> and Ed Ellis continues to play trains with no plan
> to do anything that makes even a penny.  And
> people are owed money from coast to coast,
> including everyone from small advertising
> companies involved with the various excursions to
> historical societies who leased IPH the classic
> diesels to power its passenger trains to abruptly
> laid off employees whose final checks weren't
> paid.
> 
> Hopefully 2017 will bring Iowa Pacific Holdings
> the "mercy killing" it needs.  Too many people
> have been swindled and left holding the bag
> already.

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