Thursday, August 03, 2017

Vertex rings up Tealinc car order

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Vertex Railcar's optimized 2480cf aggregate hopper. Vertex Railcar's optimized 2480cf aggregate hopper. Vertex Railcar Corp.

Vertex Railcar Corp. has received an order from lessor Tealinc. for its optimized 2,480cf aggregate hopper car.

"This is the second rail lessor in recent months that has chosen us to be their aggregate car solution after visiting our facility in Wilmington N.C., and interacting with our entire team,” said Vertex Chief Executive Donald Croteau. “This serves as strong validation for us of our commitment to making the highest quality, best built rail car asset that all users in the North American market can rely on. We are proud to be chosen as an important supplier for this excellent rail leasing group.”

Terms of the orders were not disclosed. The cars will begin shipping in the early fall of this year.

Julie Mink , president of Tealinc, Ltd., based in Colorado Springs, Colo., said, “As a railcar owner and active operating lessor we have been searching for a manufacturer capable of building railcars to serve our aggregate customers. We value the demonstrated quality, quantity flexibility, and a true mutually beneficial relationship that working with Vertex provides. We had assumed many things when we were planning our visit to VRC; however when we arrived in Wilmington, N.C., the capability, exceptional quality standards and passion shown by everyone at Vertex was more than we could have hoped for and we are confident that these Vertex-built railcars will serve our aggregate customers while in the Tealinc private railcar fleet for many years to come.”

This order is one of two recently received by Vertex by different customers. The second is from another lessor for a large quantity of lightweight 7,500cf wood chip cars. The company is in the process of building four cars: Two different tank cars, two aggregate cars, a wood chip car and a flat car. In total Vertex said it has five active orders with four customers.