Who owns union tank car
Union Tank Car Company introduces significant tank car design improvements, eliminating under frames, tank bands, running boards and expansion domes. Union Tank Car Company introduced the Funnel Flow car design, which greatly improved speed and completeness of unloading.
It also begins tank car leasing services in Mexico. Union Tank Car Company increases production capacity by 30 percent with the purchase of a manufacturing plant in Sheldon, Texas. Since , Union Tank Car Company, along with its Canadian affiliate Procor, has provided high-quality equipment and comprehensive tank car services to our customers throughout North America. At UTLX, we recognize the importance of delivering the best products and services to the many stakeholders who depend on us.
UTLX is proud to be a recognized leader within the community of builders, lessors and shippers of railroad tank cars, working closely with customers to provide practical solutions to industry needs. At the heart of our success is the more than 3, dedicated employees who serve our customers every day, striving to uphold our company values and exceed the needs of our customers.
Edwin Drake brought in the first drilled oil well at Titusville, Pennsylvania. The company was purchased by Standard Oil in and its headquarters moved to Ohio. Five years later, its name was changed to Union Tank Car Co. As part of John D. Rockefeller's innovative scheme to avoid state antitrust measures, Union Tank Car was incorporated in New Jersey in as a subsidiary of the newly incorporated Standard Oil Trust.
By , Union Tank Car owned a fleet of 10, cars, far more than any other private car operator. It shipped products solely for its parent company until , when the Standard Oil Trust was dissolved by the federal government.
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