[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[Extensions of Remarks]
[Pages 21993-21994]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        HONORING ANDY F. REARDON

                                 ______
                                 

                         HON. JAMES L. OBERSTAR

                              of minnesota

                    in the house of representatives

                      Thursday, September 25, 2008

  Mr. OBERSTAR. Madam Speaker, today, I am pleased to honor Mr. Andrew 
F. Reardon, who will retire later this year from his position as 
Chairman and CEO of TTX Company. His retirement will mark the end of a 
distinguished career in the railroad industry that has spanned more 
than three decades.
  When Andy began working for the St. Louis and San Francisco Railroad 
in 1977, the nation's railroads were on the precipice of disaster, with 
much of the eastern railroads in

[[Page 21994]]

bankruptcy or under federal control and the western railroads failing 
to earn their cost of capital. Andy played an important role in the 
rail renaissance by holding key positions at Union Pacific, Burlington 
Northern, and Illinois Central. In 1990, Andy served on the Railroad 
Retirement Board and helped it achieve a sound financial footing. His 
service to the industry continued at TTX Company, which he joined in 
1992, and culminated in his appointment as President and CEO of TTX 
Company in 2000.
   Under Andy's stewardship, TTX has grown, increased its financial 
stability, and become more innovative in its design and deployment of 
rail equipment to the nation's freight rail carriers. America's freight 
railroads are a unique asset to the nation, and TTX Company, which 
helps shippers save money by providing them access to the nation's 
largest specialty rail car fleet, has been an important contributor to 
that success.
  This past June, Andy was promoted to the post of Chairman and CEO of 
TTX, a fitting reward for a man who has led his company and industry 
into the 21st century well-equipped to meet the challenges ahead.

                          ____________________