Cathcart Rail-backed Appalachian Railcar Services completed the acquisition of Amarillo railcar repair facility from Progress Rail.

Cathcart Rail-backed Appalachian Railcar Services, a rail services organization, completed the acquisition of Amarillo railcar repair facility from Progress Rail, a provider of rail and transit products and services. Financial terms were not disclosed. "ARS will be ready to deliver unparalleled quality, value, and service to its customers, with a continued focus on safety. We have been investing in our assets and people and will continue to invest in the ARS network to match our customers' expectations. Our greatest assets are our team members and our customers and, as such, Cathcart is excited to continue its strategy for growth in an effort to provide additional opportunities for both," said Cathcart Chief Executive Officer Scott Driggers," Scott Driggers, Cathcart CEO.