VTG Rail Inc. has acquired a fleet of 1,135 rail cars from the American rail car leasing company Redwood Rail. Following this process, VTG Rail is enlarging its fleet to about 5,200 rail cars. VTG also assumed the associated leases as well as Redwood Rail’s existing customer relationships. “For us, acquiring the fleet is an important strategic step that will further strengthen our position in the US market,” Chris Schmalbruch, President of VTG Rail said.
The rail cars it inherited from Redwood Rail further diversified the buyer’s portfolio. In particular, freight cars for the transport of grain, cement, sand, plastics products and logs have been transferred to VTG. Taking over the existing leases means that, at the same time, VTG has acquired new customers. These include two class I railroads as well as a global commodities company.
VTG Rail, Inc is the US subsidiary of VTG AG, one of Europe’s leading rail car leasing and rail freight logistics companies, with a fleet consisting of more than 80,000 railcars.
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