Illinois Central Gulf

Company History: On August 10, 1972, the Illinois Central Railroad merged with the Gulf, Mobile and Ohio Railroad to form the Illinois Central Gulf Railroad (reporting mark ICG).
In 1988 the railroad's then-parent company IC Industries spun off its remaining rail assets and changed its name to the Whitman Corporation (which became PepsiAmericas in 2000 and was acquired outright by PepsiCo in 2010). On February 29, 1988, the newly separated ICG dropped the "Gulf" from its name and again became the Illinois Central Railroad.
On February 11, 1998 the IC was purchased for approximately $2.4 billion in cash and shares by Canadian National Railway (CN). Integration of operations began July 1, 1999.

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