American Railcar Industries, Inc. Announces Launch of In-House Management of Railcar Leasing Business and Increased Sales Force
In planning for this endeavor, ARI has increased its workforce, including by adding staffing to internally manage its own lease fleet and increasing its sales and marketing staff. ARI promoted internal ARI resources, recruited talent from external companies with important rail experience, and hired certain key ARL sales and lease personnel including John O'Bryan as Chief Commercial Officer to lead the team. The Company expects to continue to build out its lease management, sales and marketing team.
Over the past several years, ARI has grown its lease fleet to more than 12,000 railcars. ARI's commitment to building its leasing business is strong and will continue in the future. In the first quarter of 2017, more than half of ARI's railcar production and shipments were for lease. Furthermore, ARI's order backlog of railcars as of
"We want everyone to know that ‘it's all here' at ARI, and we are excited by this opportunity to further enhance our capabilities," said
ARI's heritage covers many years with leadership in all aspects of railcar manufacturing, innovation, creative leasing solutions, and railcar repair services. "It's all here" highlights ARI's ability to provide railcar solutions for all of our customers' needs.
"We are excited to focus on providing a seamless relationship between ARI and our customers," said
ARI is a prominent North American designer and manufacturer of hopper and tank railcars. ARI provides its
railcar customers with integrated solutions through a comprehensive set of high quality products and related services. ARI manufactures and sells railcars, custom designed railcar parts, and other industrial products. ARI and its subsidiaries also lease railcars manufactured by the Company to certain markets. In addition, ARI and its subsidiaries provide railcar repair services through its various repair facilities, including mini-shops and mobile units, offering a range of services from full to light repair. More information about
Forward Looking Statement Disclaimer
This press release contains statements
relating to the Company's objectives, long-term strategies and/or future business prospects, events and plans that are forward-looking statements. Forward-looking statements represent the Company's estimates and assumptions only as of the date of this press release. Such statements include, without limitation, statements regarding: transitioning management of our lease fleet from ARL to in-house, our anticipated lease fleet management capabilities, anticipated benefits regarding the growth of our leasing business and our management and sales teams, expected future trends relating to our industry, products and markets, anticipated customer demand for our products and services, trends relating to our shipments, leasing business, railcar services, revenues, profit margin, capacity, financial condition, and results of operations, our backlog and any implication that our backlog may be
indicative of our future revenues, and our strategic objectives and long-term strategies. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. Potential risks and uncertainties that could adversely affect our business and prospects include without limitation: our prospects in light of the cyclical nature of our business; the health of and prospects for the overall railcar industry; risks relating to transitioning management of our lease fleet from ARL to in-house and the termination of our remaining arrangements with ARL, including the ongoing railcar management agreement pursuant to which ARL remains manager of
the railcars held by our subsidiary,
AMERICAN RAILCAR INDUSTRIES, INC. 100 Clark Street, St. Charles Missouri63301 americanrailcar.com 636.940.6000
News Provided by Acquire Media