The State of the New Tank Car Market w/ Kate Suprenuk – President of Leasing & Manufacturing – UTLX & Procor
Welcome to the American Railroading Podcast! In this episode our host Don Walsh is joined by guest Kate Suprenuk, President of Leasing & Manufacturing at Union Tank Car (UTLX) & Procor. Together they discuss the current state of the new tank car market, the tank car leasing market, and they touch on the history of Union Tank Car Company, formed in 1891 by Standard Oil Company founded by John D. Rockefeller. Tune in to this episode to gain valuable insights and broaden your understanding of American Railroading! You can find this episode and more on the American Railroading Podcast's official website at www.AmericanRailroading.net , and watch our YouTube Channel at the link below. Welcome aboard!
KEY POINTS:
- The American Railroading Podcast remains in the Top 10% of all podcasts globally, now downloaded in 52 countries around the world!
- The podcast has experienced incredible growth in the last year, including a 137% increase in video views on our YouTube channel!
- In 1891 the Union Tank Car Company (originally named the Union Tank Line) is formed by Standard Oil Company, to operate their tank car fleet.
- Tank cars have evolved greatly over the years from the first generation created in 1865, which was comprised of a flat car with two wooden barrels.
- Of the many factors affecting the new tank car market, interest rates are a major factor.
- The parent company of UTLX and Procor, Marmon Holdings, Inc., a Berkshire Hathaway Company, is comprised of 11 industry groups and over 30,000 team members, 6,000 of whom are in the rail industry.
- The Marmon Motor Company won the inaugural Indy 500 in 1911 with the Marmon Wasp.
- You can now submit your nomination for our 3rd Annual – American Railroading Podcast - Honor our Heroes Award, sponsored by our friends at Boots for Troops in Tomball, TX. Details given in the episode.
- If you like what we do, please leave us a 5-Star Review!
LINKS MENTIONED:
https://www.americanrailroading.net
https://www.therevolutionrailgroup.com
https://www.youtube.com/@americanrailroadingpodcast
Kate Suprenuk
President of Leasing and Manufacturing for UTLX and Procor
Prior to becoming President of Leasing and Manufacturing for ULTX and Procor, Kate held positions as President of Railcar Leasing / North America, President of Leasing, and VP of Portfolio and Services Strategy at UTLX. Prior to joining UTLX, Kate spent 20 years at GE Capital Rail Services where her roles included Chief Financial Officer for 6 years, and in her previous 14 years she held various positions in Finance and Accounting. Originally from the East Coast, Kate holds a Bachelor of Science degree in Accounting from Villanova University. Kate lives in the Chicago area where she enjoys cycling, snowboarding, and outdoor adventures, and she also loves volunteering. She is a current Board Member at the Railway Supply Institute (RSI), a Booster Club Board Member and Finance Chair for William Fremd High School, and she’s also a Community Volunteer for the Viator House of Hospitality. Kate also spent 10 years as a Board Member, League Commissioner, Coach and member of the Audit Committee for Palatine Community Baseball and Softball, and she spent 3 years with an Arlington Heights (IL) Organization as Vice Chairman. When she’s not leading teams or out on the trails, you’ll likely find Kate cheering on her three kids at volleyball matches.