Permian Basin Railways
Permian Basin Railways (PBR) is a wholly-owned subsidiary of Iowa Pacific Holdings (IPH). PBR was formed in May, 2002 to purchase the Texas – New Mexico Railroad (TNMR) and the West Texas & Lubbock Railway (WTLC), collectively the Permian Basin Railways. Subsequent railroad acquisitions by IPH have been under the umbrella of PBR. In addition to TNMR and WTLC, PBR owns the San Luis & Rio Grande Railroad (SLRG) acquired in December 2005, the Chicago Terminal Railway, Mount Hood Railroad and the Saratoga & North Creek Railway.