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Rail News: Mechanical

The Andersons adds 1,180 rail cars to lease fleet


Yesterday, The Andersons Inc. announced it acquired 1,180 rail cars. Terms weren’t disclosed.

The acquisition increases The Andersons Rail Group’s fleet 8 percent to 15,980 cars and diversifies its portfolio. The group also owns more than 115 locomotives.

“Growing our rail-car inventory is consistent with our goal of becoming the total rail solutions provider for our customers,” said The Andersons President and Chief Executive Officer Mike Anderson in a prepared statement.

The Andersons Rail Group leases cars and locomotives, and offers fleet management and car repair services.

Contact Progressive Railroading editorial staff.

More News from 3/31/2005