CHARLOTTE, N.C. — Railcar pooling company TTX will move its headquarters to Charlotte, the City of Charlotte announced Tuesday.
TTX, currently based in Chicago, will invest at least $13.8 million and create 150 jobs in Charlotte’s central business district.
“We believe Charlotte presents a unique opportunity for TTX that provides for strategic partnerships to strengthen our business,” TTX CEO Thomas F. Wells said in a press release. “Our company is positioned to provide strong rail and freight car management services from the Charlotte metro area – as such, we are excited to partner with local innovators, business leaders and academic institutions to drive value for the North American rail industry and the local economy.”
TTX, founded as Trailer Train in 1955 by the Pennsylvania Railroad, manages a fleet of more than 170,000 intermodal cars, automotive flatcars, general merchandise flatcars, boxcars, and gondolas. More on the company is available at its website.
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