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American Industrial Transport, a business formerly known as American Railcar Industries, is a specialist in railcar leasing and repair, [2] headquartered in Saint Charles, Missouri. AITX, both the name and primary railcar mark, leases railcars in the covered hopper and specialized tank car markets.
SP then designed the first car with ACF Industries that same year. [14] [15] 1984: ACF is purchased by Carl Icahn. 1988: Spin-off company American Railcar Industries (ARI) is founded. [16] 1997: ACF reaches a leasing agreement with GE Capital Railcar for 35,000 of its 46,000 railcars, mostly on 16-year leases with optional purchase agreements ...
US Railcar applied for an $8.7 million grant from the federal government, but the application was denied. [6] The state of Ohio has offered the company $3.6 million in financial assistance, and private investment would provide the remainder of the necessary money to build the factory, estimated to cost around $14 million. [7]
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Also in 2019, Greenbrier acquired American Railcar Industries (ARI), a transaction valued at $400 million. [29] The acquisition added two railcar manufacturing and two railcar component and part producers to Greenbrier's operations, increasing the company's U.S.-based workforce and insulating it from uncertainties related to North American free ...
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