CIT Announces Order for 3,500 Railcars
CIT Group Inc. (NYSE: CIT) today announced that CIT Rail, ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013. These orders are for various tank car models that support the transportation of products across the oil/gas sector, which is experiencing increased production due to expanded exploration and drilling, as well as for covered hopper cars that support the expanding North American plastic resin industry, which is benefiting from low natural gas prices.
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