Monday, July 30, 2012

CIT Rail orders 3,000 tank cars

CIT Group Inc. announced Monday, July 30, that railcar lessor CIT Rail has ordered an additional 3,000 tank cars from multiple manufacturers. Deliveries are to begin in 2014.

"These new car orders demonstrate CIT Rail's commitment to supporting our customers' growth initiatives," said George Cashman, president of CIT Rail.

"We continue to build our fleet and maintain one of the youngest fleets in the industry, offering rail carriers and shippers modern, high-capacity equipment that maximizes their loading efficiencies while transporting goods."

Including these orders, CIT Rail since the beginning of 2011 has placed orders for railcars valued at $1.8 billion.