Roll the freight on Chicago & Northwest System - American railroad in 1947 - WDTVLIVE42
In 1898, Max Epstein founded a railcar leasing company based in Chicago, called the Atlantic Coast Dispatch One of the first companies to hire specialized cars to the railways, the operation Epstein started with just 28 used cars in 1902, the name was changed to German-American Co for in 1907, when the company had a fleet of 400 cars, opened repair and maintenance shops in East Chicago, Indiana; He then began to manufacture new tank car steel, in addition to rent those used in 1916, when the company began selling shares to the public and changed its name to American General Char Corp For there was a 2300 fleet of cars and annual revenues of about 3 million 1920, the American general had become a major producer of tank cars, including special cars lined glass or nickel for the transportation of milk, acids and other liquids in the early 1920s, the company's factories in East Chicago and Warren, Ohio, turned a year to 10,000 new cars, worth about 20 million in 1933, when it owned a fleet of nearly 50,000 cars, the company changed its name to American General Transport Corp. 1940, when about 3,000 people worked at the factory East Chicago, US General was the princi pal railcar lessor in the nation in the early 1960s, a turnover of 250 million approached Shortly after the name change GATX Corp in 1975, the company began to get out of the car- manufacturing company GATX Corp. But added to its traditional activities by leasing aircraft and the establishment of a large financial services division in the late 1990s, GATX, still headquartered in Chicago, had a fleet of nearly 90,000 railcars, employed approximately 6,000 people across the country, and has a turnover of about 1 7 billion.
This entry is part of the first dictionary of Chicago businesses Encyclopedia 1820-2000 which was prepared by Mark R Wilson, with additional contributions from Stephen R Porter and Janice L Reiff.
The Chicago electronic Encyclopedia 2005 Chicago Historical Society Encyclopedia of Chicago 2004, the Newberry Library All Rights Reserved Portions are owned by other institutions and individuals additional information on copyright and permissions.
American General Corp Transport, General American Transportation.