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AIG Selling Railcar Leasing Unit - AIG Rail Services, Inc.

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    October 2006
  • From: Allentown, PA
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AIG Selling Railcar Leasing Unit - AIG Rail Services, Inc.
Posted by Paul_D_North_Jr on Monday, November 22, 2010 7:33 PM

Article in today's - Mon., 22 Nov. 2010 - Wall Street Journal, bottom of page C3, cols. 1-3, titled "AIG Shops Rail-Car Arm To Private Equity, Others" by Serena Ng and Anupreeta Das, which is also at the following link: 

http://online.wsj.com/article/SB10001424052748704444304575628353167651216.html 

Key points - over 10,000 cars, book value of approx. $660 million [$66,000 per car average - PDN], newer and better quality than some rivals, but there's no attempt to sell it to "strategic buyers", such as GATX, First Union Rail Corp., Greenbrier Cos., etc.

- Paul North. 

"This Fascinating Railroad Business" (title of 1943 book by Robert Selph Henry of the AAR)

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