TTX moving to Charlotte

July 11. TTX Co., a major provider of railcars and related freight car management services to the rail industry, will move its headquarters to Charlotte, creating 150 jobs. The company will invest $14.5 million in Mecklenburg County.

“Designated as the number one state in the nation do to business for the second year in a row, our quality of life, infrastructure and talented, well-educated workforce lets companies know they will find success in North Carolina,” said Gov. Roy Cooper. “Charlotte’s stellar reputation as a place to do business makes TTX’s decision to move its headquarters to the Queen City no surprise.”

TTX, currently headquartered in Chicago, is a railcar pooling company founded as Trailer Train in 1955 by the Pennsylvania Railroad. The company is privately owned by North America’s leading railroads and functions as the industry’s railcar cooperative. TTX’s right-sized, low cost, reliable fleet of over 170,000 railcars serves North America’s railroads and the world’s freight needs.

TTX helps railroads meet their customers’ needs by providing well-maintained railcars in an efficient, pooled environment, investing $6 billion in additional railcars over the past ten years alone. TTX has a complete engineering and design team to care for its large and varied fleet with maintenance operations in terminals across the United States.

Today’s decision will establish the company’s headquarters in Charlotte and includes units involved with finance, information technology, human resources, and business and product development, among others.

“We believe Charlotte presents a unique opportunity for TTX that provides for strategic partnerships to strengthen our business,” said Thomas F. Wells, president and CEO of TTX.