Union Tank Car Company or UTLX (their best known reporting mark) is a railway equipment leasing company (and car maintenance / manufacturing) headquartered in metro Chicago, Illinois. As the name says, they specialise in tank cars, and covered hopper cars.
Founded in 1866 by J. J. Vandergrift, in response to the economic activities of Standard Oil, as of September 2005, according to their site, they have about 80,000 cars in their fleet.
Vandergrift was involved in the conflicts in the oil regions of Western Pennsylvania in the 1860s–1870s. Eventually, Union Tank Car Company and his other holdings, which included pipeline and riverboat transport companies, merged with the company that later became Standard Oil. Rockefeller, once Captain Vandergrift's nemesis, made him Vice President of Standard Oil. Captain Jacob J. Vandergrift also had a town built and named in his honor by George G. McMurtry in Western Pennsylvania in 1895.
TransUnion was formed as a holding company in 1968, and began acquiring credit bureaus. The Marmon Group acquired TransUnion in 1981.
Union Tank Car Company is still owned by Marmon. In 2008 60% of Marmon Holdings itself has been acquired by Berkshire Hathaway, with the remaining 40% to be acquired in the next five to seven years.
Famous quotes containing the words union, car and/or company:
“If the union of these States, and the liberties of this people, shall be lost, it is but little to any one man of fifty-two years of age, but a great deal to the thirty millions of people who inhabit these United States, and to their posterity in all coming time.”
—Abraham Lincoln (1809–1865)
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)
“More company increases happiness, but does not lighten or diminish misery.”
—Thomas Traherne (1636–1674)