The Andersons Rail Business Did Well in 2016

The Andersons reported this week that its rail business led its 2016 revenue even though on the whole the Maumee, Ohio, company said it was disappointed in its results overall.

OhioDuring 2016, The Andersons said its rail business earned $32.4 million in pretax revenues while the ethanol business was second, generating about $24.7 million in revenue.

The company said that it sold underperforming facilities and closed some grain facilities.

The rail operations include locomotive and railcar sales and leasing as well as rolling stock repairs.

Lease income fell to $2.9 million in 2016 from $4.5 million in 2015. However, The Andersons said revenue from car sales and the repair business rose.

In 2016, the company reported $4.7 million in car sales compared to less than $1 million in 2015. The railcar repair business generated $2.1 million last year, compared to about $1.5 million in 2015.

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