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News Stories (46 Results) - Railcar Leasing

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... Read Story
January 03, 2022, 07:05 AM

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... Read Story
December 09, 2021, 07:23 AM

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... Read Story
December 03, 2021, 07:20 AM

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.... Read Story
December 02, 2021, 07:15 AM

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... Read Story
October 27, 2021, 07:22 AM

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... Read Story
October 13, 2021, 07:12 AM

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... Read Story
April 07, 2021, 07:10 AM

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... Read Story
February 08, 2021, 07:25 AM

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... Read Story
November 13, 2020, 07:25 AM

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... Read Story
July 13, 2020, 07:20 AM

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, ... Read Story
July 01, 2020, 06:59 AM

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... Read Story
March 30, 2020, 07:30 AM

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... Read Story
March 05, 2020, 07:20 AM

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... Read Story
January 15, 2020, 07:30 AM

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... Read Story
December 27, 2019, 07:30 AM

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... Read Story
November 14, 2019, 07:15 AM

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... Read Story
September 18, 2019, 07:25 AM

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... Read Story
September 09, 2019, 07:28 AM

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... Read Story
July 09, 2019, 07:15 AM

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. ... Read Story
June 19, 2019, 07:19 AM

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... Read Story
June 03, 2019, 07:20 AM

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... Read Story
May 20, 2019, 07:20 AM

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... Read Story
March 20, 2019, 07:01 AM

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... Read Story
October 05, 2018, 07:20 AM

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... Read Story
August 20, 2018, 07:22 AM

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... Read Story
June 26, 2018, 07:30 AM

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... Read Story
June 22, 2018, 07:20 AM

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... Read Story
May 16, 2018, 07:15 AM

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... Read Story
December 15, 2017, 07:05 AM

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... Read Story
September 25, 2017, 07:10 AM

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... Read Story
November 15, 2016, 07:10 AM

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... Read Story
October 17, 2016, 07:25 AM

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... Read Story
March 07, 2016, 07:06 AM

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... Read Story
February 29, 2016, 07:00 AM

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... Read Story
February 18, 2016, 07:08 AM

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... Read Story
October 15, 2015, 07:05 AM

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... Read Story
October 01, 2015, 07:21 AM

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... Read Story
June 03, 2014, 06:46 AM

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... Read Story
May 23, 2014, 06:45 AM

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... Read Story
April 18, 2014, 07:18 AM

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... Read Story
March 28, 2014, 06:30 AM

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... Read Story
March 25, 2014, 06:31 AM

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.... Read Story
December 20, 2013, 06:15 AM

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... Read Story
December 10, 2013, 07:03 AM

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... Read Story
August 16, 2013, 07:02 AM

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... Read Story
June 28, 2013, 07:02 AM