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Transportation Company - North American Car - Railroad Equipment

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Transportation Company - North American Car - Railroad Equipment
Company Name North American Car
Category Railroad Equipment
Year Founded 1907
Final Year of Operation 1986
Termination Acquired
Successor/Parent General Electric Railcar Services (Details)
Country United States (Details)
Transportation Company - North American Car - Railroad Equipment

Company History: The successful North American Car Company of Chicago, was incorporated in 1907. It grew and expanded, proving that the railcar leasing business could be quite profitable if well managed. North American was active in all the normal specialties of shipper lines, even including poultry. The company later became involved with the production of their own cars. They designed, produced and marketed tank cars, hoppers and boxcars. North American Car Corp. was based in Chicago, Illinois at 222 South Riverside Plaza.

In 1986 GE Railcar Services Corp. acquired the assets of North American Car Corp. GE acquired ~35000 railcars and 14 maintenance units in North America at a cost of $420 million. North American Car, a unit of Tiger International Inc., filed for Chapter 11 bankruptcy reorganization in Los Angeles in December, 1984. NACC had been Tiger International's only profitable unit.

Successor/Parent History:
GE Capital Rail Services, also known as GE Railcar, or GE Railcar Services Corporation was a business unit of GE Capital, a division of General Electric. It is a distinct business unit from General Electric's railway locomotive manufacturer.
GE Rail Services offers leases and manages railcars (railway wagons) for the North American market; its product range includes all types of common freight wagon including box, flat, covered and uncovered hopper (gondola), and tank wagons. The company also manages service and repair of wagons.
In 1997, ACF (reporting marks: ACFX) reached leasing agreement with GE Capital Railcar for 35000 of its 46000 railcars, mostly on 16 year leases with optional purchase agreements.

In 2015 GE Capital announced the sale of its tank car and services business to Marmon Holdings, and the remainder of the business (other wagons, locos) to First Union Rail.

From Wikipedia

Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.

Item Links: We found: 3 different collections associated with North American Car - Railroad Equipment
Item created by: gdm on 2017-10-10 09:57:45. Last edited by gdm on 2019-02-15 13:25:54

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