Kate Suprenuk has been appointed President, Railcar Leasing North America, for Marmon Rail. In this role, Suprenuk will lead the leasing business of Union Tank Car Company (UTLX) and Procor Limited, which encompasses all of Marmon Holdings railcar...
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November 07, 2023, 07:20 AM
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The Greenbrier Companies, Inc. announced it had received orders for 15,300 new railcars with an aggregate value of $1.9 billion during its fiscal fourth quarter ended on Aug. 31. Orders for the quarter demonstrate Greenbrier's lease origination...
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September 21, 2023, 07:10 AM
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LTi Technology Solutions (LTi) announced its ongoing technology partnership and collaboration with Modern Rail Capital (MRC), providing a technology transformation, moving from LTi’s LeasePlus to its cloud lease and loan technology platform – ASPIRE....
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August 21, 2023, 07:18 AM
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The Greenbrier Companies, Inc. hosted its inaugural Investor Day in New York, during which members of the company's leadership team discussed Greenbrier's market-leading position and diverse capabilities, strategic priorities, and multi-year...
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April 14, 2023, 07:15 AM
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The Greenbrier Companies, Inc. announced it had received orders for 4,500 new railcars with an aggregate value of $580 million during its fiscal second quarter ended on Feb. 28. Orders for the quarter included tank cars, automobile-carrying railcars...
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March 22, 2023, 07:12 AM
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Trinity Industries, Inc. announced that Chief Executive Officer and President, Jean Savage, has been named as the League of Railway Women (LRW) 2022 Railway Woman of the Year. This award comes in recognition of Savage’s drive for operational...
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January 13, 2023, 07:12 AM
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The Greenbrier Companies, Inc. announced it acquired a 100 percent interest in GBX Leasing (GBXL), its railcar leasing joint venture with The Longwood Group. This furthers Greenbrier’s strategy to grow its lease fleet and expand its services offering...
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January 04, 2023, 07:15 AM
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The Greenbrier Companies, Inc. announced the Chief Operating Officer for its Manufacturing business, William (Bill) Krueger, has been appointed to President of Greenbrier Manufacturing Operations. In this role, Krueger will be responsible for all new...
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September 01, 2022, 07:07 AM
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Owl Rock, a division of Blue Owl Capital Inc. announced that certain of its funds have made an initial equity commitment to Amergin Asset Management, a newly formed portfolio company created to invest in a leasing platform focused on railcar and...
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August 03, 2022, 07:18 AM
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The Board of Directors of The Greenbrier Companies, Inc. confirmed that Lorie L. Tekorius will become the principal executive officer of the company, effective immediately, following the previously announced retirement of William A. Furman from all...
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July 11, 2022, 07:12 AM
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The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, has appointed Lorie Tekorius to the role of President and CEO, effective March 1. Chairman, CEO and Co-Founder William A....
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February 28, 2022, 07:23 AM
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The Greenbrier Companies, Inc. announced the completion of its first offering of railcar asset-backed securities (ABS) and long-term financing for GBX Leasing (GBXL), a joint venture between Greenbrier and The Longwood Group.GBXL’s wholly owned...
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February 10, 2022, 07:19 AM
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The Greenbrier Companies, Inc. in its first fiscal quarter ending Nov. 30, 2021 reported new railcar orders for 6,300 units valued at $685 million. These orders increased its backlog to 28,000 units valued at $3 billion. Greenbrier announced new...
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February 03, 2022, 07:09 AM
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Trinity Industries, Inc. announced the completion of the previously announced sale of its highway products business for $375 million in cash subject to certain adjustments based on levels of cash, debt, and working capital at closing and for certain...
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January 03, 2022, 07:05 AM
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Three of America's leading industrial and transportation companies – United States Steel Corporation, Norfolk Southern Corporation and The Greenbrier Companies, Inc.– jointly announced a new, more sustainable steel gondola railcar. Using an...
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December 09, 2021, 07:23 AM
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MUL Railcars, Inc., a railcar leasing company, announced it has changed its name to PNW Railcars, Inc.Mitsubishi HC Capital Inc. implemented the business Integration through an absorption-type merger (the Merger) on April 1, 2021, in which Mitsubishi...
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December 03, 2021, 07:20 AM
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The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced it received new orders of 6,200 units valued at $670 million during the first fiscal quarter that began Sept. 1....
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December 02, 2021, 07:15 AM
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The Greenbrier Companies, Inc. announced its Board of Directors appointed President and Chief Operating Officer Lorie Tekorius, as the company's next CEO and President, effective March 1, 2022. On the same date, Greenbrier's co-founder, Chairman and...
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October 27, 2021, 07:22 AM
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The Greenbrier Companies, Inc. announced the acquisition of more than 3,600 railcars, a portion of which will be held in GBX Leasing (GBXL), a recently formed special purpose subsidiary which is approximately 95 percent owned by Greenbrier.GBXL was...
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October 13, 2021, 07:12 AM
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The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced it has completed the formation of GBX Leasing, a special purpose subsidiary, to own and manage a portfolio of...
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April 07, 2021, 07:10 AM
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The Greenbrier Companies, Inc. announced plans to form GBX Leasing, a new leasing joint venture (JV) with The Longwood Group to develop an owned portfolio of leased railcars primarily to be built by Greenbrier. Longwood is a Chicago-based...
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February 08, 2021, 07:25 AM
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Trinity Industries, Inc. announced its plans to enter into a joint venture with Norfolk Southern, GATX Corporation, Genesee & Wyoming and Watco to create a coalition that is expected to accelerate rail modal transformation through the advancement of...
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November 13, 2020, 07:25 AM
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The Board of Directors of The Greenbrier Companies, Inc. announced Chairman and CEO Bill Furman has agreed to continue in his current position for up to two more years, retiring in 2022. As part of the company's ongoing succession planning process...
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July 13, 2020, 07:20 AM
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MUL Railcars, Inc. (MULR) Chairman Kenji Yasuno announced Anders Vestergaard assumes the role of CEO as Jim Sharp, the company's founding CEO, completes his service with the company in a preplanned management transition.MULR, based in Portland, OR, ...
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July 01, 2020, 06:59 AM
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Trinity Industries, Inc. announced a realignment of responsibilities for some of its most senior executives. Eric R. Marchetto has been appointed Trinity’s Chief Financial Officer succeeding Melendy E. Lovett, who will return to her previous position...
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March 30, 2020, 07:30 AM
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Stonebriar Commercial Finance announced the promotion of Jeff Griffin to Managing Director of Rail Leasing. He joined Stonebriar in 2016 to support its existing railcar portfolio by working to keep the existing railcar portfolio 100 percent leased...
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March 05, 2020, 07:20 AM
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Trinity Industries, Inc. announced E. Jean Savage, a member of the company’s Board of Directors and Vice President of the Surface Mining & Technology division of Caterpillar Inc., has been appointed Chief Executive Officer and President, effective...
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January 15, 2020, 07:30 AM
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Banks including Wells Fargo & Co., Citigroup Inc., PNC Financial Services Group Inc. and CIT Group Inc. own hundreds of thousands of railcars that carry coal, grain and other commodities through North America. It is an unusual line of business for...
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December 27, 2019, 07:30 AM
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Trinity Industries, Inc. announced Gregg B. Mitchell, currently Chairman, Trinity Highway Products & Trinity Logistics Group, has been named Chief Commercial Officer of TrinityRail. In his new role, Mitchell will have oversight and responsibility for...
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November 14, 2019, 07:15 AM
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Stonebriar Commercial Finance (SCF) announced it has entered into an agreement with The Greenbrier Companies Inc. to purchase 3,000 new railcars. The order is comprised of a mix of tank and freight cars that deliver over a four-year period, beginning...
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September 18, 2019, 07:25 AM
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Trinity Industries, Inc. announced Timothy R. Wallace has notified the Board of Directors of his decision to retire as Chief Executive Officer and President. The Trinity Board is initiating a search to identify his successor and will consider both...
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September 09, 2019, 07:28 AM
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Thomas J. Clark has joined MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Regional Vice President.Clark brings over 30 years of experience in the broader rail industry to MULR. For the past 20...
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July 09, 2019, 07:15 AM
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Theodore W. Baun will join MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as its new Chief Commercial Officer beginning July 1.Baun brings 25 years of experience in the railcar industry to MULR. ...
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June 19, 2019, 07:19 AM
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The Greenbrier Companies, Inc. announced its Senior Vice President and Acting Chief Financial Officer, Adrian Downes, has been appointed Chief Financial Officer. In addition to continuing his duties managing Greenbrier's accounting, tax, internal...
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June 03, 2019, 07:20 AM
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Pioneer Railcorp, a railroad holding company that owns short-line railroads and other railroad-related businesses, and BRX Transportation Holdings, LLC, an entity formed by Brookhaven Rail Partners and Related Infrastructure, announced entry into a...
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May 20, 2019, 07:20 AM
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Trinity Industries, Inc. Eric R. Marchetto, currently Executive Vice President and Chief Commercial Officer of TrinityRail, has been named Senior Vice President of Trinity and Group President of TrinityRail. As Group President of TrinityRail...
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March 20, 2019, 07:01 AM
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CIT Group Inc. announced it has completed the sale of NACCO, its European rail leasing business, for net proceeds of $1.1 billion based on current exchange rates. The sale was completed in two separate transactions and included approximately $1.2...
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October 05, 2018, 07:20 AM
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FreightCar America, Inc. announced it has hired Dan Wallace, who will become the Vice President and General Manager, Leasing at FreightCar America.
Wallace has over 15 years of experience in all facets of railcar leasing. Most recently, he was the...
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August 20, 2018, 07:22 AM
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Stonebriar Commercial Finance announced the closing of a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms: General Equipment, Rail Leasing...
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June 26, 2018, 07:30 AM
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RGCX, LLC announced it has been acquired by Corrum Capital. The acquisition provides RGCX with greater resources and flexibility in the railcar market and enables the company to pursue a long-term growth strategy. The new owner plans to fuel growth...
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June 22, 2018, 07:20 AM
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Trinity Industries, Inc. introduced the name of its future infrastructure company as Arcosa, Inc., following the separation of the two companies into independent, publicly traded companies. The previously announced spin-off remains on track to be...
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May 16, 2018, 07:15 AM
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Trinity Industries announced that its Board of Directors has unanimously approved a plan to pursue a spin-off of the Company’s infrastructure-related businesses to Trinity shareholders. The separation is planned as a tax-free spin-off transaction to...
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December 15, 2017, 07:05 AM
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According to the latest market study released by Technavio, the global railcar leasing market is expected to grow at a CAGR of close to 7% during the forecast period. The research report titled ‘Global Railcar Leasing Market 2017-2021’ provides an in...
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September 25, 2017, 07:10 AM
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PNC Equipment Finance, LLC, a wholly-owned subsidiary of PNC Bank, N.A., announced the completion of its railcar solutions for corporate customers with the addition of full-service operating railcar leases. Features of this new rail solution for...
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November 15, 2016, 07:10 AM
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The Greenbrier Companies announced organizational changes in anticipation of the previously disclosed retirement of James T. Sharp, Executive Vice President and President of Greenbrier Leasing Corporation (GLC), at the end of December. Sharp's...
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October 17, 2016, 07:25 AM
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Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management, and CC Industries, Inc., announced the formation of a new freight railcar leasing company, Riverside Rail. Earlier this week the investor group acquired 2,032...
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March 07, 2016, 07:06 AM
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The Greenbrier Companies announced that Mr. William Glenn, Senior Vice President and Chief Commercial Officer has decided to pursue opportunities outside the Company. Effective immediately, Mr. Glenn is relinquishing his responsibilities as Chief...
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February 29, 2016, 07:00 AM
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Wells Fargo & Company (NYSE:WFC) announced that First Union Rail, its railcar finance, leasing and fleet management business, has changed its name to “Wells Fargo Rail.” The Company’s recent acquisition of GE’s railcar and locomotive leasing business...
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February 18, 2016, 07:08 AM
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Trinity Industries, through its wholly-owned subsidiary, TrinityRail Asset Management Company, LLC (“TRAMCo”) announced the extension of its strategic railcar alliance with Element Financial Corporation. Under the extended alliance, Element is...
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October 15, 2015, 07:05 AM
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Wells Fargo & Company (NYSE: WFC) announced that its railcar finance, leasing and fleet management business, First Union Rail, has signed an agreement to purchase GE Railcar Services from GE Capital. The transaction, which will add to the existing...
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October 01, 2015, 07:21 AM
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CIT Group Inc. announced that CIT Rail, a full service lessor and owner of one of the youngest, most diversified fleets of rail assets in North America and Europe, appointed Ken Pierson as Senior Vice President and General Manager, Locomotives. He...
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June 03, 2014, 06:46 AM
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The Greenbrier Companies, Inc. has entered an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of about $1 billion in leased railcar assets, both new and used...
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May 23, 2014, 06:45 AM
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Element Financial Corporation and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of $340.3 million.
The...
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April 18, 2014, 07:18 AM
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Element Financial Corporation announced that it has closed its third railcar lease portfolio with the purchase of a further US$118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North...
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March 28, 2014, 06:30 AM
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GATX Corporation announced its purchase of GE Capital Rail Services’ North American per diem boxcar fleet, consisting of more than 18,500 boxcars. The purchase price was approximately $340 million. Brian A. Kenney, president and chief executive...
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March 25, 2014, 06:31 AM
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Element Financial Corporation announced that it has closed its previously announced acquisitions comprised of approximately US$348 million worth of helicopter and railcar finance assets from GE Capital and Trinity Industries, Inc....
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December 20, 2013, 06:15 AM
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Element Financial Corporation (“Element” or the “Company”) announced that it has entered into a strategic alliance with Trinity Industries (“Trinity”) to provide lease financing for up to $2 billion worth of railcars over the next two years. Element...
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December 10, 2013, 07:03 AM
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Chicago Freight Car Leasing Co. named long-time employee Jay Wilensky to the role of Vice President, Accounting & Finance. According to Chicago Freight Car Leasing President, Paul Deasy, "Jay has consistently modeled our values, demonstrated...
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August 16, 2013, 07:02 AM
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GATX Corporation announced organizational changes within its Rail North America segment. Thomas A. Ellman is appointed executive vice president and president, Rail North America. In this role, Mr. Ellman will continue to oversee the commercial...
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June 28, 2013, 07:02 AM
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