TTX Company

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TTX Company
Private
Industry Freight car provider
Founded December 1955
Founders Pennsylvania Railroad, Norfolk and Western and Rail-Trailer Corp.
Headquarters Chicago, United States
Area served
North America
Key people
Thomas F. Wells, President and CEO
Slogan Forward thinking
Website http://www.ttx.com

TTX Company (formerly Trailer Train) is a private company that owns a large fleet of freight cars and provides them to stockholding railroads. It also provides freight car management services (information and accounting). TTX is the largest railroad car provider in the United States.[1]

History[edit]

TTX was originally founded in 1955 by the Pennsylvania Railroad (predecessor to Conrail), the Norfolk and Western Railway (predecessor to Norfolk Southern), and Rail-Trailer Corporation. 6,000 Pennsylvania Railroad employees entered possible names in a drawing for the new company, and the name "Trailer Train" won.[2] Trailer Train's original goals were to standardize TOFC railcar practices, foster the growth of transportation, provide its members with the best available equipment at the lowest cost, and keep its members abreast of new developments. In 1991, the company changed its company name from Trailer Train to TTX.

Fleet[edit]

The TTX fleet consists of over 200,000 flatcars, double-stack cars, autoracks, boxcars, and gondolas.[1] TTX owns a large number of reporting marks, reflecting the wide variety of cars that it owns.

Ownership[edit]

TTX is privately-owned by North America's railroads and functions as the industry’s railcar cooperative, operating under pooling authority granted by the Surface Transportation Board, the successor to the ICC. Given TTX’s ownership, they seek to maximize railcar efficiency and not margins. TTX’s members are free to pursue their own car supply strategies too – there is no obligation to use TTX equipment. Members are permitted to take cars OFF of car hire after a period of five days (called “turn back”); in effect, they only pay for the TTX cars when the cars are needed to move business.

[edit]

The former logo of the company, replaced in 2008.

Between 1991 and 2008, the company used a yellow and black logo.

In March 2008, the company released a new logo, colored Tuscan red in honor of one of the founding railroads, the Pennsylvania Railroad. The logo also contains the company's new slogan, "Forward Thinking."[1]

See also[edit]

References[edit]

  1. ^ a b c TTX (2008). "Hot News!". Railpace Magazine. Retrieved 2008-03-08. 
  2. ^ Curtis D. Buford (1982). Trailer Train Company: A Unique Force in the Railroad Industry. Newcomen Society in North America. p. 13.