Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






Rail News Home Mechanical

9/26/2006



Rail News: Mechanical

American Railcar Leasing orders 1,000 tank cars from American Railcar Industries


advertisement


American Railcar Industries Inc. (ARI) recently reached an agreement with American Railcar Leasing L.L.C. (ARL) to supply 1,000 new tank cars.

ARI will deliver 500 cars each in 2008 and 2009. Beginning in 2008, some of the cars will be manufactured at the company’s rebuilt Marmaduke, Ark., tank-car plant, which was damaged by a tornado in April and will resume full production by year’s end.

ARL also exercised an existing contract’s options to purchase an additional 1,000 tank cars from ARI to be built beginning in 2008 in Marmaduke and an additional 400 covered hoppers to be manufactured at the car builder’s Paragould, Ark., plant in 2008.

“ Our backlog continues to be very strong and is expected to hit a new record this quarter,” said ARI President and Chef Executive Officer James Unger in a prepared statement. “While we expect third-quarter covered hopper volumes to be strong when compared to last year, they will reflect some planned volume slowdown compared to the second quarter.”

ARL is controlled by Carl Icahn, who is ARI's principal stockholder and serves as the car builder's chairman.


Contact Progressive Railroading editorial staff.

More News from 9/26/2006