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News Stories (22 Results) - Railcars

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. 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 announced that it reached a definitive agreement to sell NACCO, the European rail leasing business, to German-based VTG Aktiengesellschaft (VTG) for a purchase price of EUR 780 million, or $890 million USD based on current exchange rates... Read Story
July 05, 2017, 07:15 AM


The Greenbrier Companies and Tokyo-based Mitsubishi UFJ Lease & Finance (MUL) completed agreements to expand their existing commercial relationship in North America consistent with the parties' Memorandum of Understanding announced in April. MUL... Read Story
June 02, 2017, 07:13 AM


The Greenbrier Companies, Inc.and Tokyo-based MUL announced execution of a Memorandum of Understanding (MOU) to substantially expand the parties' existing commercial relationship in North America. MUL intends to grow its portfolio from 5,000 railcars... Read Story
April 06, 2017, 07:16 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


The Greenbrier Companies announced that its CFO, Mark J. Rittenbaum, has been promoted to the newly created position of Executive Vice President, Commercial, Leasing and Finance. Lorie L. Tekorius, Senior Vice President and Treasurer, has been... Read Story
February 03, 2016, 07:17 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


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 (“Element”) announced that it has entered into a US$200 million secured equipment financing agreement with Bridger, LLC (“Bridger”), an oil marketing and midstream logistics company based in Dallas, Texas. The facility... Read Story
May 13, 2014, 07:05 AM


CIT Group today announced the acquisition of Paris-based Nacco SAS (Nacco), one of the largest independent full service railcar lessors in Europe. Nacco owns more than 9,500 railcars and services over 150 customers in 16 countries. Dan DiStefano... Read Story
February 03, 2014, 06:45 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


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


Trinity Industries, Inc. announced it has partnered with an institutional investment fund, Napier Park Railcar Lease Fund LLC (the “Napier Park Fund”) and an additional co-investor who also invested in the Napier Park Fund, to create RIV 2013 Rail... Read Story
May 08, 2013, 07:05 AM


Key Equipment Finance announced it has named Andrew J. Falcone director, North American rail. In this role, Falcone will grow the company’s U.S. rail market presence, enhance its capabilities, expand relationships within the rail industry, and... Read Story
March 19, 2013, 07:27 AM


CIT Group announced that CIT Rail, the third largest railcar lessor in North America, has placed orders for an additional 3,000 tank cars from multiple manufacturers. Deliveries are scheduled to begin in 2014.  “These new car orders demonstrate CIT... Read Story
July 31, 2012, 07:05 AM


American Railcar Industries, Inc. (ARI) reported its second quarter 2012 financial results. "We are pleased with our strong financial performance, operating results and significant growth of our fleet of leased railcars," said James Cowan, President... Read Story
July 26, 2012, 07:00 AM


CAI International, Inc., one of the world’s leading lessors of intermodal freight containers, reported that it has entered into an $85 million senior credit facility for the acquisition of rail cars. The senior credit facility is a three-year... Read Story
June 15, 2012, 07:00 AM


CIT Group announced that CIT Rail, the third largest railcar lessor in North America, ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013. These orders are for various tank car models that support the... Read Story
June 05, 2012, 06:00 AM


FreightCar America, Inc. reported results for the first quarter ended March 31, 2012, with revenues of $219.1 million and net income of $9.7 million. For the same quarter in 2011, the Company reported revenues of $72.2 million and a net loss of $1.3... Read Story
May 08, 2012, 06:00 AM


FreightCar America, Inc. today reported results for the fourth quarter ended December 31, 2011, with revenues of $187.1 million and net income of $8.5 million, showing substantial improvement versus the prior quarter and the fourth quarter of 2010.... Read Story
February 17, 2012, 06:30 AM


Progressive Railroading reported that in a survey of more than sixty executives in the railroad industry, in general, executives feel good about the year ahead despite the challenges facing the economy and industry. To follow are excerpts of... Read Story
February 09, 2012, 07:30 AM