Posts Tagged ‘Peter Mills’

INRD Names New President and CEO

June 14, 2021

The Indiana Rail Road has named Dewayne Swindall as its next president and CEO.

He replaces Peter Mills, who is leaving the company. Mills has headed INRD since July 2015.

Swindall is a former general superintendent at Canadian National who began his railroad career as a conductor and rose through a number of management positions with increasing responsibility.

He also worked for nine years as an executive at short line holding company Genesee & Wyoming.

INRD Opens Trans-Loading Facility

July 16, 2016

Indiana Rail Road has opened a trans-loading facility 35 miles south of Terre Haute, Indiana, adjacent to Hoosier Energy’s Merom Generating Station.

Indiana Rail Road 2The rail-to-truck trans-load facility is the third terminal of its kind on INDR system.

“We’ve opened Merom today to serve our partners at Hoosier Energy and Nelson Brothers mining services, to help them create more efficient supply chains,” said Indiana Rail Road President and CEO Peter Mills in a statement.

“Merom will offer operational efficiencies and superior service to agricultural and manufacturing companies across the Wabash Valley – in Indiana and Illinois – so we look forward to creating new partnerships through this great asset.”

INRD, which has a 250-mile system that is primarily based in Indiana, said it will soon begin service to its Venture Logistics warehouse and cross-dock facility on the south side of Indianapolis.

Hoback to Retire as Indiana Rail Road Head

December 5, 2014

Indiana Railroad President and CEO Thomas G. Hoback has announced his retirement effective June 30, 2015.

Hoback, one of the co-founders of the INRD, will be succeeded by Peter Mills. Hoback will continue to serve on the railroad’s board of directors.

“After nearly 30 years of concentrated focus on growth, and having reinvested nearly $200 million of our earnings into improvements, INRD is in the best physical condition it has ever been,” Hoback said in a statement. “With innovative marketing and customer service, we have grown our business by a compounded rate of more than 12 percent annually, and today we move the equivalent of more than 800,000 truckloads of freight per year. The transformation of this company has been truly remarkable, and it’s due to an entrepreneurial spirit and an outstanding group of professionals who are among the best in the business.”

Mills is vice president of finance operations for CSX and has served on the INRD board for 10 years. He will resign from CSX on June 30 after a 26-year career and relocate to Indianapolis.

Mills earned bachelor’s and master’s degrees from the University of Delaware and has held numerous management and financial leadership positions for CSX, including managing director of investor relations and director of international sales and marketing for Europe.

“Pete is a natural fit to assume leadership at Indiana Rail Road because he will continue the legacy of entrepreneurial thinking that has made us so successful,” Hoback said. “He will bring a real passion for business development while drawing on his commercial management experience.”

“This is the career opportunity of a lifetime for me to join Indiana Rail Road,” Mills said. “Tom and his team have built a remarkable franchise with which I have been associated for the past 10 years in my role on the board. I am excited about this opportunity and look forward to the future.”

The Indiana Rail Road was founded in March 1986, taking over a former Illinois Central branch line that originally extended from Effingham, Ill., to Indianapolis.

In 1977, Illinois Central Gulf petitioned to abandon the line between Indianapolis and Linton, Ind.

The petition was denied, but the line was ordered closed after numerous track defects were discovered in a 38-mile stretch.

The line reopened two years later and shortly thereafter ICG reached an agreement to sell the route to Hoback and his investors.

A 2006 acquisition brought the Canadian Pacific’s southern Indiana operations (former Milwaukee Road) into the Indiana Rail Road network, thereby providing the INRD access to Chicago and Louisville.

Despite what were considered long odds and doubts that a turnaround was possible, Hoback and his team of 16 employees at the startup of the INRD worked to restore customer confidence in the railroad.

Today, INRD moves Indiana cargo to and from Asia and points all over North America, and is considered a short-line industry leader in safety, technology and marketing.

Hoback also helped build a legacy of corporate giving and community involvement at INRD. A passionate supporter of public safety, education, historic preservation and the arts, he directed corporate donations toward police, fire and school infrastructure, and the purchase of classroom equipment and education materials for communities across the railroad’s system.

“After nearly 30 years of concentrated focus on growth, and having reinvested nearly $200 million of our earnings into improvements, INRD is in the best physical condition it has ever been,” Hoback said. “With innovative marketing and customer service, we have grown our business by a compounded rate of more than 12 percent annually, and today we move the equivalent of more than 800,000 truckloads of freight per year. The transformation of this company has been truly remarkable.”