American Railcar Industries, Inc. designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products comprising sand and cement; pressure and non-pressure tank railcars; and other railcars. This segment also manufactures railcar components, such as tank railcar components and valves, tank heads, discharge outlets for hopper railcars, tank railcar components and valves, tank heads, manway covers, wheel pair sets, outlet components and running boards for industrial and railroad customers, and hitches for the intermodal market; and aluminum and special alloy steel castings for the trucking, construction, mining, and oil and gas exploration markets, as well as finished, machined castings, and other custom machined products. The Railcar Leasing segment leases hopper and tank rail cars. As of December 31, 2014, this segment leased 7,730 railcars. The Railcar Services segment offers railcar services primarily to leasing companies and shippers of tank and specialty hopper railcars. This segment provides repair services consisting of cleaning, interior and exterior coating, repair/rebuilding, non-destructive testing, and engineering services for a variety of railcar types; and engineering and field services. American Railcar Industries, Inc. was founded in 1988 and is headquartered in St. Charles, Missouri.