[10] The Saratoga and North Creek Railway began operations in the summer of 2011, offering scheduled passenger rail service, as opposed to excursion trains.

[11] Passenger operations ceased on April 7, 2018 as well as the final revenue freight train to remove stored tank cars.

[19] In April 2015, Iowa Pacific announced a deal with the Indiana Department of Transportation and Amtrak to supply rolling stock and on-board services personnel for the Hoosier State, which runs between Chicago and Indianapolis.

[20][21] Indiana announced on January 30, 2017, that Amtrak would resume providing rolling stock for the Hoosier State on March 1, as Iowa Pacific was no longer able to fulfill the contract.

Along with IPH's subsidiaries facing serious financial trouble, Iowa Pacific's two main rolling stock holding companies, Heritage Rail Leasing and San Luis & Rio Grande Railroad were forced into Chapter 11 bankruptcy and were appointed a trustee by a U.S. bankruptcy court in Denver.