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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.
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. [17] [18] 2003: ACF Industries LLC became a successor to ACF Industries, Incorporated on May 1, 2003. [4]
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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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On 18 February 2010, US Railcar announced that it had formed a joint venture with American Railcar Industries, dubbed US Railcar Company LLC, to better "design, manufacture, and sell Diesel Multiple Units." [1] On 19 November 2010, however, the two companies announced the dissolution of the venture, citing "current market conditions" [4] as the ...