American Industrial Transport, Inc. (AITX) has expanded its repair and maintenance network across the U.S. Northeast and Midwest with facilities in Milton, Pa. and Clinton, Ind. Both facilities are currently open and actively servicing repair customers.
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 appointed Eric Baltz as Chief Financial Officer. Baltz joins AITX following 14 years with coal producer Peabody Energy, most recently as Senior Vice President and Chief Accounting Officer.
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.
American Industrial Transport, Inc. (AITX) has appointed Vince Mantia and Terry Hicks as Account Managers for its Railcar Repair Services business.
American Industrial Transport, Inc. (AITX) has named Kurt Higginbotham as President, effective Oct. 1, 2021.
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.
AITX Railcar Services, LLC, with a $23.36 million investment, is expanding its Brookhaven, Miss., maintenance and repair facilty.
American Industrial Transport™ Inc. (AITX™) is the new name and brand of the railcar leasing and repair business of the former ARI (American Railcar Industries), whose railcar manufacturing division was acquired by The Greenbrier Cos. from ITE Management LP (ITE) in July 2019.