September 30, 2015 - Marmon Holdings, Inc. has reached a definitive agreement with General Electric Capital Corporation and, as of September 30, 2015, has acquired substantially all of GE Railcar Services’ owned fleet of railroad tank cars.
The acquired railcar assets will become part of the portfolio of rail equipment managed by Marmon's Union Tank Car Company and Procor Limited.
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May 21, 2015 - On May 1, Canada’s Minister of Transport, the Honourable Lisa Raitt, and U.S. Transportation Secretary, Anthony Foxx, announced enhanced tank car standards during a joint press conference held in Washington, D.C.
The enhanced tank car standards are an amendment to Canada’s Transportation of Dangerous Goods rules for Class 3 flammable liquids, which became effective when published in Canada Gazette II on May 20, 2015. In the U.S., the final rule (HM-251) is set to become effective July 7, 2015.