CIT
Group Inc. (NYSE: CIT) cit.com,
a global leader in transportation finance, today announced that CIT
Rail, the third largest railcar lessor in North America, has placed
orders for an additional 3,000 tank cars from multiple manufacturers.
Deliveries are scheduled to begin in 2014.
George Cashman, President of CIT Rail (Photo: Business Wire)
“These new car orders demonstrate CIT Rail’s commitment to supporting
our customers’ growth initiatives,” said George
Cashman, President of CIT Rail. “We continue to build our fleet and
maintain one of the youngest fleets in the industry, offering rail
carriers and shippers modern, high-capacity equipment that maximizes
their loading efficiencies while transporting goods.”
Including these orders, since the beginning of 2011, CIT Rail has placed
orders for $1.8 billion in new railcars.
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About CIT Rail
CIT Rail owns more than 100,000 railcars and 450 locomotives leased to
approximately 500 customers and provides financial solutions to the bulk
freight transportation marketplace. It supports the North American
transportation system by working with freight shippers, receivers and
carriers to customize financial solutions for each customer’s individual
needs. As a full service lessor and owner of one of the youngest, most
diversified fleets of rail assets in North America, CIT Rail brings
unparalleled asset management expertise and commitment to the
transportation sector. citrail.com
About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more
than $33 billion in finance and leasing assets. A member of the Fortune
500, it provides financing and leasing capital to its small business and
middle market clients and their customers across more than 30
industries. CIT maintains leadership positions in small
business and middle
market lending, factoring,
retail
finance, aerospace,
equipment
and rail
leasing, and global
vendor finance. CIT also operates CIT Bank (Member FDIC), BankOnCIT.com,
its primary bank subsidiary, which offers a suite of online savings
options designed to help customers achieve a range of financial goals. cit.com
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50357729〈en
