COLUMBUS, Ohio — Freight rail firm Cathcart Rail has signed an agreement to purchase the railcar repair business of The Andersons, Inc. The purchase is expected to close this summer.
“The Andersons railcar repair network aligns perfectly with Cathcart Rail’s strategic goal of offering a broad array of rail services across a national footprint, we are looking forward to welcoming The Andersons employees to the Cathcart family” Cathcart Rail CEO Casey Cathcart said in a press release. “With the addition of The Andersons railcar repair network, Cathcart Rail’s nearly 1,000 employees across 100-plus locations make it the leading railcar services company in the country.”
Cathcart Rail, founded in 2015 by the father-and-son team of Thomas and Casey Cathcart, was featured in a 2017 Trains Magazine feature [“Reading, Writing, and Railcars,” January 2017]. The company’s three divisions include repair facilities, field services, and rail services, the latter including three short lines: the Belpre Industrial Parkersburg Railroad, Bucyrus Industrial Railroad, and Cornhusker Railroad. It currently employees nearly 800 people at 70-plus locations in 23 states. More information is available at the company website. The Andersons, Inc., an agriculture-based company, includes commodity merchandising, renewables, and plant nutrient sections; see its website for more.
