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CIT Rail orders 5000 wagons

28 Jul 2011

USA: On July 26 CIT Rail announced it had placed orders for a total of 5 000 covered hopper and tank wagons to be supplied by various manufacturers during 2012.

'It is important that we maintain a young, modern fleet of high-quality railcars that enable carriers and shippers to maximise loading efficiencies while transporting goods,' said CIT Rail President George Cashman. 'These orders reinforce our commitment to the rail transportation industry and will allow us to capitalise on growth opportunities within the market.'

CIT Rail is part of asset finance and leasing company CIT Group. It says it is the third largest wagon leasing business in North America, with more than 100 000 wagons leased to around 500 customers.