American Industrial Transport, a business formerly known as American Railcar Industries, is a specialist in railcar leasing and repair,[2] headquartered in Saint Charles, Missouri. AITX, both the name and primary railcar mark, leases railcars in the covered hopper and specialized tank car markets.[3]
| Company type | Private |
|---|---|
| Nasdaq: ARII | |
| Founded | 1988[1] |
| Founder | American Railcar Industries |
| Parent | ITE Management |
| Website | aitx |
History
edit.jpg)
American Railcar Industries (ARI) was formed in 1988 and grew in railcar repair as a result of acquiring business assets from ACF Industries.[4] At that time ARI manufactured components for railcars, and also provided painting, repair and fleet management services. By 1999, the company was manufacturing both hopper and tank cars.
In December 2018 the business was purchased by ITE Management.[5][6] In April 2019 it was announced the manufacturing assets had been sold to The Greenbrier Companies. ITE continues to own the maintenance and leasing businesses[7][8] In July 2020, it was rebranded American Industrial Transport.[9]
American Industrial Transport Leasing
editAITX leases and manages over 16,000 tanks and covered hopper cars serving the petroleum, chemical, food, agriculture, fertilizer and plastic pellet markets.
The tank cars are used for a variety of liquid and liquified gas commodities such as vegetable oils, asphalt, various chemicals, LPGs and petroleum products. AITX's covered hopper cars are used for transporting commodities such as grains, plastic pellets, flour, sugar and various minerals.
Headquartered in Saint Charles, a suburb of St Louis, Missouri.
American Industrial Transport Repair
editAITX facilitates seven full service repair shops, in Brookhaven, Mississippi, Bude, Mississippi, Goodrich, Texas, Longview, Texas, North Kansas City, Missouri, Sarnia, Ontario, and Tennille, Georgia[10]
AITX also runs numerous mobile locations in Emmetsburg, Iowa, Gonzales, Louisiana, Hastings, Nebraska, Hudson, Colorado, LaPorte, Texas, and Mounds, Illinois.
References
edit- ^ "AMERICAN RAILCAR INDUSTRIES, INC. FORM 10-K". 2015. United States Security and Exchanges Commission. 2015. Retrieved September 23, 2024.
- ^ William D. Middleton; George M. Smerk; Roberta L. Diehl (2007). Encyclopedia of North American Railroads. Indiana University Press. p. 116. ISBN 978-0-253-34916-3.
- ^ "AITX (AITX LLC)". Progressive Railroading. Retrieved 22 July 2020.
- ^ "Company Overview of American Railcar Leasing LLC". Bloomberg Businessweek. Archived from the original on September 1, 2014. Retrieved 7 March 2014.
- ^ ITE to acquire American Railcar Industries Railway Gazette International November 2, 2018
- ^ Deal closes for St Charles public company St Louis Business Journal December 6, 2018
- ^ St Charles company's manufacturing assets to be sold in $400M deal St Louis Business Journal April 18, 2019
- ^ Greenbrier to acquire American Railcar Industries in $400m deal Railway Gazette International April 18, 2019
- ^ American Industrial Transport brand launched Railway Gazette International July 30, 2020
- ^ "AITX Repair Network". AUTX.