thumb|Registered Bond of the Indiana Harbor Belt Railroad, issued 17. June 1919.
The Indiana Harbor Belt Railroad is a Class III railroad in the United States.
Ownership
The IHB is jointly owned by Conrail Shared Assets Operations (51%) and Canadian Pacific Kansas City Limited (49%). These shareholders trace their ownership stake in IHB to previous mergers and acquisitions in the railroad industry. Conrail's ownership is traced back to the Penn Central Transportation Company and prior to that, the New York Central Railroad and Pennsylvania Railroad. CPKC's ownership is through its subsidiary, the Soo Line, which inherited it from the Chicago, Milwaukee, St. Paul and Pacific Railroad (also known as the "Milwaukee Road"). Also, the IHB's northern terminus is the Milwaukee District West Line in Franklin Park, Illinois, which is operated by Metra and CPKC.
Route and facilities
The line comprises of track— of single mainline track, of double-main track and of additional yard and side track—starting northwest of Chicago in Franklin Park, Illinois at CPKC's Elgin Subdivision, traveling southeast around the city to its headquarters in Hammond, Indiana.
The railroad's largest yard is Blue Island located in Riverdale, Illinois.