Rail News

Ex-Im Bank approves $83 Million for sale of U.S. Locomotives to Canada

Ex-Im Bank approves $83 Million for sale of U.S. Locomotives to Canada

28 February 2012 Press Release Rail & Coach News

The Export-Import Bank of the United States (Ex-Im Bank) approved an $83.1 million loan guarantee to support the sale of six American-made locomotives, railroad cars, and mining equipment to the Iron Ore Company of Canada (IOC). This transaction supported 500 U.S. jobs across a range of American businesses in six states (Arkansas, Illinois, Missouri, Tennessee, Virginia and Wisconsin).