US Railcar
| Industry | Railcar manufacturing |
|---|---|
| Founded | 2009 |
| Headquarters | Columbus, OH, USA |
|
Key people
|
Barry Fromm, president/CEO |
| Products | Passenger cars, diesel multiple units |
| Website | www.usrailcar.com |
US Railcar is a manufacturer of railroad , including passenger cars and diesel multiple units. It was formed in 2009 and is the successor company to Colorado Railcar after that company shut down in December 2008.
US Railcar's predecessor, Colorado Railcar, ceased operations on 23 December 2008 because of a "major liquidity problem". The business remained closed until July 2009, when a group of investors, part of the Value Recovery Group (VRG), purchased the assets of Colorado Railcar and renamed the company US Railcar. The new company operated as a subsidiary of VRG, with the headquarters of both companies located in Columbus, Ohio.
On 18 February 2010, US Railcar announced that it and American Railcar Industries had formed a joint venture, dubbed US Railcar Company LLC, to better "design, manufacture and sell Diesel Multiple Units." On 19 November 2010, however, the two companies announced the dissolution of the venture, citing "current market conditions." The National Association of Railroad Passengers speculated that the cause of the failure of the joint venture was the cancellation of the proposed 3-C passenger corridor in Ohio.
US Railcar currently operates no construction facilities; any products ordered from the company would be built by American Railcar under contract. The company plans to construct a facility in Gahanna, Ohio, near the Port Columbus International Airport, which would be built with a mix of public and private funds. US Railcar applied for an $8.7 million grant from the federal government, but the application was denied. The State of Ohio has offered the company $3.6 million in financial assistance, and private investment would provide the remainder of the necessary money to build the factory, estimated to cost around $14 million. If constructed, the proposed facility would be around 100,000 square feet (9,300 m2) in size and would be located on thirteen acres (5.3 ha) of land. It would employ up to 200 people.
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Wikipedia