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.
Cathcart Rail
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.
TugVolt: Autonomous Plus Standard Interchange
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’s 2021 Short Line and Regional Railroads of the Year
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 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.