TTX Company is a provider of railcars and related freight car management services to the North American rail industry. TTX's pool of railcars – over 165,000 cars and intermodal wells – supports shippers in the intermodal, automotive, paper & forest, metals, machinery, wind energy and other markets where flatcars, boxcars and gondolas are required. Owned by a number of large North American railroads, TTX's pools allow members to share capacity to reduce costs and risk.
History
TTX was founded in 1955 by the Pennsylvania Railroad and the Norfolk and Western Railway, and Rail-Trailer Corporation. Pennsylvania Railroad employees - 6,000 in total - entered possible names in a drawing for the new company, and the name "Trailer Train" won. TrailerTrain'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 TrailerTrain to TTX. TTX operates under pooling authority granted by the Surface Transportation Board. The flatcar pool was first approved in 1974 and then reauthorized in 1989, 1994, 2004 and most recently on October 1, 2014 for a 15-year term.
Fleet
TTX's railcar fleet consists mainly of flatcars, autoracks, boxcars and gondolas. Half of the fleet is dedicated to flatcars and intermodal wells, with a quarter dedicated to auto racks for hauling finished vehicles. The remaining quarter of the pool includes boxcars, gondolas and specialized flatcars to carry a wide variety of general merchandise commodities. TTX provides standardized car types and re-purposes idle assets to serve a dynamic marketplace. The fleet is maintained through a network of independent repair facilities, TTX owned Field Maintenance Operations located at intermodal terminals throughout North America and TTX-owned heavy repair shops located in Jacksonville, FL, North Augusta, SC, Waterford, MI and Mira Loma, CA.
Ownership
TTX is privately owned by North America's railroads and functions as the industry's railcar cooperative. The nine major railroads listed below all own shares of the company with a voting member from each railroad making up the TTX Board of Directors.
Between 1991 and 2008, the company used a yellow and black logo with speedlines connecting the two T's and an X. In March 2008, the company released a new logo, colored Tuscan red in honor of one of the founding railroads, the Pennsylvania Railroad.
