Cathcart Expanding Railcar Repair Business
Columbus, Ohio-based Cathcart Rail has signed an agreement to purchase The Andersons’ railcar repair business. The deal is expected to close this summer; terms were not disclosed.
Appalachian Railcar Services Inc
People News: AITX, INRD
American Industrial Transport, Inc. (AITX) has promoted John Ward to Senior Vice President of Repair Services, and brought on a new Vice President of Repair Services and a Plant Manager in Milton, Pa. Also, Indiana Rail Road Company (INRD) has elevated Matt Haire to Assistant Vice President, Information Technology.
Cathcart Rail Acquires Appalachian Railcar Services
Cathcart Rail and its financial partner, Star America Infrastructure Partners, LLC, have acquired Appalachian Railcar Services (ARS), a railcar repair and maintenance company based in Eleanor, W.Va.
ARS completes tank shop expansion
Appalachian Railcar Services (ARS) recently announced that it has completed a major capital expansion at its Elk Mills, Md., facility to create a full-service tank car shop with new, state-of-the-art interior and exterior blast and paint capability.
ARS acquires FreightCar America’s repair and maintenance services business
Appalachian Railcar Services, Inc. (ARS) announced Sept. 30, 2015 that its wholly-owned subsidiary, ARS Nebraska, LLC, has acquired all of FreightCar America, Inc.’s railcar repair and maintenance services business.
Rail Connection forms JV with ITE Management
Rail Connection Inc. (RCI), a subsidiary of Appalachian Railcar Services Inc. (ARS), has formed a joint venture with ITE Management L.P. with the purpose of acquiring, leasing and operating railcars, the company announced on May 8, 2015.