CIT orders 5,000 new tank cars and hoppers
Written by William C. Vantuono, Editor-in-ChiefCIT Rail, which owns more than 100,000 railcars leased to approximately 500 customers in North America, has announced orders for 5,000 new tank cars and hoppers from “multiple manufacturers.”
Deliveries are scheduled throughout 2012. The orders include an option for an additional 1,750 railcars that was part of an order for 3,500 cars earlier this year. The company said the new orders respond to increasing demand as the the economic recovery continues.
“It is important that we maintain a young, modern fleet of high-quality railcars that enable carriers and shippers to maximize loading efficiencies while transporting goods,” said George Cashman, president of CIT Rail. “These orders reinforce our commitment to the rail transportation industry and will allow us to capitalize on growth opportunities within the market.”
