Cathcart Rail has completed its acquisition of the railcar repair business of The Andersons, Inc., and welcomes Nuveen, a leading global investment manager with more than $1.2 trillion of assets under management, as an equity stakeholder alongside Star America Infrastructure Partners, LLC.
Columbus, Ohio-based Carthcart Rail on July 8 completed its acquisition of The Andersons’ railcar repair business. Also, global rail fastening supplier Pandrol has provided an Ultrasonic Rail Testing Kit to SBS Transit Ltd. in Singapore; and Ricardo and Danish firm PantoInspect will bring PanMon pantograph monitoring technology to railroads across North America and Latin America.
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.
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.
Intramotev, a St. Louis, Mo.-based technology startup, has developed an autonomous freight car that can be used in standard railroad interchange service. The vehicle, called the TugVolt, is “currently focused on short-haul routes of 600 miles or less, and designed with standard couplers and air braking that allow it to be hauled in or haul a traditional consist in addition to independent operation,” according to company Co-founder and Chief Executive Officer Timothy Luchini.
Railway Age is recognizing the R.J. Corman Railroad Company/Memphis Line (RJCM) as its Short Line Railroad of the Year, and Lake State Railroad (LSRC) as its Regional Railroad of the Year for 2021. The Belpre Industrial Parkersburg (BIP) Railroad and Grenada Railroad each earned a Short Line Honorable Mention.
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.