TTX Company
 |
|
| Private | |
| Industry | Freight car provider |
| Founded | November 1955 |
| Founders | Pennsylvania Railroad, Norfolk and Western and Rail-Trailer Corp. |
| Headquarters | Chicago, United States |
|
Area served
|
North America |
|
Key people
|
Thomas F. Wells, President and CEO |
| Website | http://www.ttx.com |
TTX Company (formerly Trailer Train) is a leading provider of railcars and related freight car management services to the North American rail industry. TTX’s pool of railcars – over 220,000 cars and intermodal wells – is ideal for supporting shippers in the intermodal, automotive, paper & forest, metals, machinery, wind energy and other markets where flatcars, boxcars and gondolas are required.
Owned by North America’s leading railroads, TTX’s free-running pools provide fungible assets that minimize total empty miles, further lowering costs and minimizing risk for the industry, helping the railroads conserve their capital for other critical infrastructure needs. Customers easily recognize TTX’s bright yellow cars as a consistent, high quality, well-maintained fleet that serves many transportation needs.
View "The Benefits of Pooling"
TTX was founded in 1955 by the Pennsylvania Railroad (predecessor to Conrail), the Norfolk and Western Railway (predecessor to Norfolk Southern), and Rail-Trailer Corporation. Pennsylvania Railroad employees - 6,000 in total - entered possible names in a drawing for the new company, and the name "Trailer Train" won. Trailer Train's original goals were to standardize TOFC railcar practices, foster the growth of transportation, provide its members with the best available equipment at the lowest cost, and keep its members abreast of new developments. In 1991, the company changed its company name from Trailer Train to TTX.
TTX continues to operate under pooling authority granted by the Surface Transportation Board (STB). The STB, and its predecessor the ICC, repeatedly recognized TTX’s important public benefits, and over 60 years later still finds that TTX lowers costs for the rail industry and supports the growth of the North American Railroad network. The flatcar pool was first approved in 1974 and then reauthorized in 1989, 1994, 2004 and most recently on October 1, 2014 for a 15-year term.
TTX's railcar fleet consists of three key car types: flatcars, boxcars and gondolas. Half of the fleet is dedicated to flatcars and intermodal wells, with a quarter dedicated to auto racks for hauling finished vehicles. The remaining quarter of the pool includes boxcars, gondolas and specialized flatcars to carry a wide variety of general merchandise commodities. TTX provides standardized car types and re-purposes idle assets to serve a dynamic marketplace.
...
Wikipedia