Iowa Terminal Railroad Co. v. Interstate Commerce Commission and United States of America, Iowa Traction Railroad Co., Intervenor

Opinion for the court filed by Circuit Judge BUCKLEY.

BUCKLEY, Circuit Judge:

Iowa Terminal Railroad Company petitions for review of an Interstate Commerce Commission order establishing the sale price for a 10.4-mile section of Iowa Terminal’s line. The Commission issued the order pursuant to a statute that permits a prospective purchaser to require the sale of railroad facilities that would otherwise be abandoned. Because we find certain of the Commission’s valuations to be unsupported by either the evidence or the statute, we remand them to the Commission for further consideration.

I.…