We are pleased to update you that American Industrial Transport has acquired the railcars and certain other assets and operations formerly owned by SMBC Rail Services. We are now one of the leading, full-service railcar providers serving the North American freight shippers.
We know how important it is to have partners you trust that bring you options and flexibility. Our integrated solution provides you the railcars, repair services, and business transparency to meet and exceed your goals. We are committed to investing in resources that gives you more logistics predictability and the confidence to keep your business moving ahead.
With this acquisition, AITX owns and operates a productive, young fleet of nearly 100,000 railcars that scales across the car types and specifications you need. In addition, AITX runs one of the most expansive repair networks with over twenty locations across full-service tank and freight car repair, mobile, onsite customer partnerships, and railcar storage.
You can anticipate a smooth transition with no interruption in your business, and no impacts on your day-to-day operations, including in areas such as billing, payment, and account management.
We are building a great company focused on getting better every day. Your partnership and business make this all possible and are greatly appreciated.