Kalpana Kalpana (Editor)

American Railcar Industries

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Founded
  
1988

Parent organization
  
Icahn Enterprises

American Railcar Industries wwwamericanrailcarcomContentimgARI20stacked

Stock price
  
ARII (NASDAQ) US$ 45.94 -0.92 (-1.96%)28 Feb, 10:24 AM GMT-5 - Disclaimer

Headquarters
  
Saint Charles, Missouri, United States

Subsidiaries
  
Southwest Steel III, LLC, Southwest Steel II LLC

Profiles

American Railcar Industries is an American manufacturer and maintainer of hopper and tanker railcars, headquartered in Saint Charles, Missouri. Through its subsidiary American Railcar Leasing (ARL) it also leases railcars in the covered hopper and specialized tank car markets. In 2013 investor Carl Icahn owns a controlling interest in both companies.

Contents

American railcar industries tank car on govliquidation com


History

ARI was formed in 1994 as a subsidiary of ACF Industries (ACF)), which had been leasing railcars since 1923. s 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 tanker cars.

In 2004 ARI formed a subsidiary company, American Railcar Leasing. This new company in turn acquired, via a series of transfer transactions between the related companies, the railcars and related leases from ACF_Industries.

In 2006, ARI expanded by purchasing Custom Steel, a railcar parts manufacturer which had been owned by Steel industries.

In 2009, the company reincorporated in North Dakota to take advantage of new North Dakota Publicly Traded Corporations Act.

American Railcar Leasing

In 2014, ARL owns over 25,000 tank and covered hopper cars (with their two most common reporting marks being ACFX and SHPX) and serves the petroleum, chemical, food, agriculture, fertilizer and plastic pellet markets. In 2006 this amounted to more than 10% of the lease cars in the United States.

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. ARL's covered hopper cars are used for transporting commodities such as grains, plastic pellets, flour, sugar and various minerals.

ARL is headquartered in St. Charles, Missouri, a suburb of St. Louis, Missouri. They have five sales offices located in St. Charles, Missouri, Pointe-Claire, QC, Rochelle Park, NJ, Hinsdale, IL, and The Woodlands, TX.

References

American Railcar Industries Wikipedia