NS Recognizes 48 Safe Shippers
Norfolk Southern (NS) is honoring 48 customers for safely handling products regulated as hazardous materials.
The Andersons
Cathcart Rail Completes The Andersons Transaction; Adds Nuveen
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.
Supply Side: Cathcart Rail/The Andersons, Pandrol, Ricardo
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.
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.
AITX Acquires The Andersons, Inc. Railcar Leasing Unit for $0.55B, Cash
The Andersons, Inc. has sold its railcar leasing business to American Industrial Transport, Inc. (AITX) for approximately $550 million in cash, and also intends to sell off its remaining railcar repair business, including 29 U.S. facilities, as part of a “strategic decision” to jettison all its railcar interests and focus on its agricultural businesses, which include commodity trading, ethanol and plant nutrient sectors.
NS Recognizes 43 Safe Shippers
Norfolk Southern (NS) has presented its 2020 Thoroughbred Chemical Safety Award to 43 customers for safely handling products regulated as hazardous materials.
Small Road News: OmniTrax, TNW Corp.
Denver-based OmniTRAX is linking with customers interested in locating in northeast Ohio; TNW Corp., a Dallas, Tex.-based operator of short lines and logistics centers, has expanded its railcar service offerings in partnership with The Andersons Rail Group.
The Andersons Choose RailcarRx as Software Provider
The Andersons, Inc. has chosen RailcarRx as the railcar repair software provider for its Rail Group.
The Andersons acquiring FreightCar America Danville plant
The Andersons Inc. on Aug. 1 signed a $2.2 million agreement to purchase FreightCar America Inc.’s Danville Railcar Facility, Danville, Ill. The company intends to turn the now-shuttered freight car manufacturing plant into a full-service freight and tank railcar repair shop.