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Transportation Company - Tank Train - Railroad Equipment

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Transportation Company - Tank Train - Railroad Equipment
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Company Name Tank Train
Category Railroad Equipment
Termination Subsidiary
Successor/Parent GATX Corporation (Details)
Country United Kingdom (Details)
Transportation Company - Tank Train - Railroad Equipment

Company History: General American's TankTrain system of interconnecting tank cars provides shippers with a quick and cost-effective method of moving large volumes of bulk liquids. The TankTrain system consists of an entire string of cars that can be loaded or unloaded from a single System connection. The last car in each set (of 12 cars) is left 3/4 full. Then nitrogen gas (non-flammable, non-toxic) is used to purge the loading lines of any remaining oil which fills the last car.

The TankTrain System was first tested by the Alaska Railroad. The ARR purchased two sets of three that were linked together. They didn't stay that way though and eventually wound up as individual cars. Some ARR crew members felt they were more bother than they were worth. The cars had to be kept turned in a certain direction which wasn't always operationally easy. If one car was Bad Ordered then the whole string had to go in the shop. The ARR ceased using them in the late 1970s and they were all shipped to the lower 48. A much updated version of the TankTrain was later fielded for the Southern Pacific "Oilcan" that went from central California, over Tehachapi Pass, to Los Angeles. Later, the run went from Mojave to L.A.,

Successor/Parent History:
GATX Corporation (NYSE: GMT) is an equipment finance company based in Chicago, Illinois. Founded in 1898, GATX's primary activities consist of railcar operating leasing in North America and Europe. In addition, GATX leases locomotives in North America, and also has significant investments in industrial equipment. GATX derives its name from its primary reporting mark for its North American railcars, "GATX". The mark itself was derived from GATX's prior corporate name, General American Transportation Corporation. Since all non-railroad owners of railcars must append an "X" to the end of their mark, GAT became GATX. The General American Transportation Corporation became GATX Rail Corporation, a unit of the GATX Corporation, on January 1, 2000.

GATX mainly applies the GATX mark to tank cars, although the mark has been used in other examples such as with hoppers; GATX's primary freight car marks are GACX (for general-service freight cars), GGPX (for coal cars), GIMX (for intermodal cars), GPLX (for plastic pellet cars), GMTX and LLPX (for locomotives), and GPFX (for pressure-differential cars). GATX also owns a number of other marks, including GABX, GAEX, GFSX, GOHX, GSCX, IPSX, and TRIX. Many GATX cars carry a large "GATX" logo in the upper right-hand corner of the car regardless of the reporting mark they carry; this logo is applied for marketing reasons and does not have any operational significance.
GATX engages in both full-service and net leasing of railcars. In a full-service lease, a GATX-owned mark is applied to the car, and GATX maintains the railcar and pays for any required property insurance and property taxes. In a net lease, the lessee applies its mark to the car, and the lessee pays for any required property insurance and property taxes. Often, on a net-leased car, there is no evidence of GATX ownership, although some net lease cars carry a GATX logo.
The most common type of car in the GATX North American fleet is the tank car; other major car types include covered hoppers, open-top hoppers, and gondolas. GATX invests in nearly every type of railcar operated in North America. In Europe, tank cars also make up GATX's largest fleet, but unlike in North America, GATX's European fleet includes substantial quantities of intermodal cars which are owned in a GATX joint venture called AAE Cargo. In contrast, GATX's North American intermodal car fleet is relatively small. This is true of most North American operating lessors; historically the bulk of the industry's intermodal investment has been made by TTX Corporation, which is jointly owned by North America's Class I railroads. X Corporation, which is jointly owned by North America's Class I railroads.

Brief History:
The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.

Item Links: We found: 1 different collections associated with Tank Train - Railroad Equipment
Item created by: gdm on 2017-10-10 09:58:44. Last edited by gdm on 2023-03-10 07:38:42

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