of the Eastern Flyer, a proposed regular passenger train service between Oklahoma City and Tulsa. However, the company later abandoned the project after local governments failed to obtain operating rights that would have allowed the Eastern Flyer to reach stations in either of the two major cities. 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. 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. In May 2015, Watco announced that it would purchase two Iowa Pacific subsidiaries, the Texas & New Mexico Railway and the West Texas and Lubbock Railway. In September 2015, Iowa Pacific took over operations of the Grenada Railway in Mississippi. The Grenada Railway, was subsequently acquired by RailUSA in August 2018 and renamed the Grenada Railroad. Dissolution Iowa Pacific Holdings and its subsidiaries had severe financial trouble and held large debts. In 2019 and 2020, many of IPH's subsidiaries were placed into receivership. 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. Iowa Pacific Holdings itself filed for Chapter 7 bankruptcy in U.S. bankruptcy court in Northern Illinois in late March 2021. As of 2021, Iowa Pacific Holdings former rolling stock and subsidiary railroads are being sold and auctioned off by the appointed trustees. References United States railroad holding companies Defunct companies based in Chicago Railway companies established in 2001 2001 establishments in Illinois