Rail

American Railcar will invest in leasing plan

Posted on December 14, 2010

American Railcar Industries Inc. (ARI) said it plans to invest in railcar leasing as it seeks to expand and diversify its business in response to customer demands and market conditions.

"ARI is very excited to offer railcar leasing and provide another option for customers to utilize our quality railcars," said President/CEO James Cowan. "We remain committed to meeting the needs of our customers. The economy and railcar market have been challenging over the last couple of years and ARI is responding to those challenges with an expanded market strategy."

The company, which currently sells, repairs, refurbishes and provides fleet management services for railcars, believes railcar leasing will provide customers with a broader offering of services.

ARI is currently in negotiations with American Railcar Leasing LLC (ARL), an affiliate, to enter into an agreement pursuant to which ARL would identify potential leasing customers for ARI in exchange for fees payable by ARI to ARL.

ARI also anticipates that the leasing business will provide a more consistent stream of cash flows and revenue, which management expects would diversify the company and improve performance during the down cycles of the railcar market. ARI currently plans to fund leasing operations through existing cash.

View comments or post a comment on this story. (0 Comments)

More News

New Metra railcar RFP allows for alternative designs

Proposals will be due in August and Metra hopes to finalize a deal by the end of the year for at least 200 new cars.

Sonoma-Marin rail system carries 100,000th bicyclist

Since opening its doors in 2017, SMART passengers have included bicyclists who use their bikes to get to and from stations on a regular basis.

Alstom opens online marketplace for mobility sector

StationOne connects professionals in the railway industry and is designed as an efficient way to both promote and access the broadest possible range of products and services.

LAX breaks ground on automated people mover

Once completed in 2023, the APM will connect with L.A. Metro's light rail system.

MBTA opens $17M rail station on schedule, on budget

The Blue Hill Avenue Station marks the completion of the Fairmount Commuter Rail Line.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation