Fleet Financing

AITX strengthens management team – inaugurates next phase of growth Via Railcar Services


Welcomes New Company President, Industry Veteran and Innovator Kurt Higginbotham

ST. CHARLES, Mo., September 29, 2021 / PRNewswire / – American Industrial Transport, Inc. (“AITX”) is pleased to announce that Kurt Higginbotham is appointed Chairman, effective October 1, 2021.

AITX welcomes Kurt Higginbotham as President and joins Sean Hankinson, Commercial Director and Melanie Connellee, CFO and COO to strengthen the leadership team.

ITE Management, a leading asset manager, acquired ARI in 2018, divested its manufacturing operations, retaining rental and repair, maintenance and service operations. It was rebranded as American Industrial Transport, Inc., with a vision and focus on a flexible, customer-centric rail service provider. By following this trajectory, by August 2021, AITX extended its platform with the acquisition of the leasing business of The Andersons. Today, AITX and its affiliates operate approximately 60,000 railcars and, growing, have 16 repair facilities across North America, and a focus on data and technology to improve railcar productivity.

As President, Mr. Higginbotham has a clear vision to drive growth through improved products and services, data innovations and responsive teams. With more than thirty years of experience as an entrepreneur, innovator and owner of railcars and railcar services, Higginbotham brings a proven capacity for anticipation and leadership in the increasingly dynamic rail and industrial transport market. He was the Founder, President and CEO of Appalachian Railcar Services (“ARS”), a pioneering solutions provider in repair networks, rail operations, transshipment and logistics. Thanks to Higginbotham’s leadership, ARS and its business units have extended their offering to more than 30 locations, averaging 25% year-over-year growth.

Joining Mr. Higginbotham is Sean hankinson as sales manager. AITX welcomed Mr. Hankinson with its acquisition of the rental business of The Andersons. For over thirty years, Hankinson has developed and executed customer railcar programs in the areas of leasing, fleet operations, financing and lifecycle optimization. As Commercial Director, he manages customer relations and AITX’s position in the market. Most recently, Hankinson was vice president and general manager of The Andersons’ Rail Group. Prior to that, he worked for nearly twenty-five years at FreightCar America and its predecessors, culminating as senior vice president of sales and marketing.

they join Melanie Connelle, CFO / COO of AITX. Ms. Connellee is an accomplished financial and operations leader who is at the forefront of process management, implementing operating platforms that maximize systems, data and organizational efficiency. During his thirty-year career, Connellee has specialized in the transportation and industrial sector, holding key positions at Meridian Waste, a vertically integrated waste management company and Direct ChassisLink, Inc. the largest chassis supplier. from shipping and domestic containers to the US intermodal industry. . Prior to that, she focused on large-scale acquisitions, strategic planning and IT integrations at EY, JP Morgan and McKinsey & Company.

“It is an honor to join AITX. We are transforming the business to be razor sharp as the world’s best customer-centric car rental and service provider through the use of talent and technology, ”said Kurt higginbotham, president of AITX. “We have a great and growing team who have the rare opportunity to build a dynamic business that truly partners with customers, sees around the curve and delivers what they need. “

About American Industrial Transport, Inc.
American Industrial Transport, Inc. is a leading provider of railcar services with car rental, repair and data solutions. AITX’s large and diverse car rental fleet provides customers with shipping flexibility and a portfolio of financing options. AITX’s best railcar repair network spans North America with full-service repair, mobile operations and on-site partnering capabilities. For more information, please visit www.aitx.com.

Contacts:
American Industrial Transport, Inc.
Diane gould
Director, Legal and Corporate Compliance
Telephone: 636-940-6092
Email: [email protected]

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SOURCE American Industrial Transport, Inc.


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