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Leasing takeover
By Railway Gazette International2003-05-01T10:00:00
CIT Rail Resources has acquired rolling stock lessor Flex Leasing Corp. The San Francisco-based firm’s 7200 general-purpose freight wagons, worth around $400m, bring CIT Rail Resources’ total fleet to 54000 vehicles, with an average age of seven years. Along with 550 locos, the wagons are leased to railways across the ...
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