Íslenskir Járnbrautir

Íslenskir Járnbrautir or IJ is the national railway infrastructure company of. It owns the entire rail network of the country, including the rail link and the light railway system in the. It's sole shareholder is the Icelandic government.

History
On August 8, 1998, 66% of the stock in the company was sold by the government to IJ Acquisition Group Ltd., a consortium of the (31.5%),  (31.5%),  (5%), and IJ Samgöngufjárfesting Hf. (led by Icelandic entrepreneurs Matthias Irnes Abrahamsson and Grímur Þórarinsson) (44%). As part of the buyout, the company introduced a new logo and corporate identity. The new logo included the letters "I" and "J" that are colored red and are merged each other to symbolize the company's name.

The railway was bought back by the government in a transaction completed in July 2009. Two new wholly-owned subsidiaries were formed: IJ Járnbrautargerð Hf., responsible for managing the railway infrastructure, and IJ Farmþjónusta Hf., which took over the parent company's freight operations. This was to comply with European Union legislation.

Rolling stock
The railway's current motive power includes seventeen former 's (purchased in 2001). The newest locomotives include a set of locomotives (built at the  plant in, ). The newest passenger cars were built by in  and put into service in 2016.