Thomas to succeed Wells as TTX leader

TTX Co. CEO Tom Wells plans to retire July 6 after leading the rail-car pool management firm for nearly two decades. To succeed him, TTX's board has appointed Marty Thomas president and CEO. 

Thomas was promoted to president in December 2025 and since has assumed responsibility for the company's day-to-day operations. He joined TTX in November 2024 as executive vice president. 

Thomas previously spent 29 years with GE Transportation and Wabtec Corp., where he held leadership positions of increasing responsibility involving operations, Class I mechanical operations, integrated supply chain management and global fleet asset management. 

Wells joined TTX in 2001 as senior VP of fleet management and was appointed president and CEO in 2008. 

"Tom's leadership has shaped TTX into the company it is today and I am grateful for the opportunity to learn from him during this transition," said Thomas. "TTX plays a vital role in supporting North America's freight-rail network and I am honored to lead this exceptional organization." 

Founded in 1955 and privately owned by North America’s leading railroads, TTX manages a pool of more than 180,000 rail cars that are used by Class Is, regionals and short lines.