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Rail News Home Mechanical

February 2015

Part 1 : Progressive Railroading's 2015 Finance & Leasing Guide - Banks

Part 2 : Progressive Railroading's 2015 Finance & Leasing Guide - Equipment Providers/Equipment Management Services

Part 3 : Progressive Railroading's 2015 Finance & Leasing Guide - Finance Companies

Part 4 : Progressive Railroading's 2015 Finance & Leasing Guide - Investment Banks

Part 5 : Progressive Railroading's 2015 Finance & Leasing Guide - Lessors

Part 6 : Progressive Railroading's 2015 Finance & Leasing Guide - Professional Services/Consulting

Rail News: Mechanical

Progressive Railroading's 2015 Finance & Leasing Guide - Lessors

American Railcar Industries Inc.



American Railcar Leasing LLC

100 Clark St. - Suite 201
St. Charles, MO 63301-2075
636-940-5000 | Fax: 636-940-5024

Description of services: Rail-car leasing.


The Andersons Inc.

480 W. Dussel Drive
Maumee, OH 43537

Description of services: Rail-car leasing and repair.

Contact: Chuck Brown, VP Sales, 419-891-6386,


The Boxcar Companies LLC

374 Wickaboag Valley Road
West Brookfield, MA 01585
508-637-1340 | Fax: 508-637-1340

Description of services: Rail-car lessor/finance.

Contact: Daniel M. Bigda, VP Marketing,


Chicago Freight Car Leasing Co.

425 Martingale Road, 6th Floor
Schaumburg, IL 60173
847-318-8000 | Fax: 847-318-8045

Description of services: Full-service provider of rail-car leasing solutions.

Contact: Todd Kahn, VP of Portfolio Management & Marketing, 847-384-4434,


CIT Rail

30 S. Wacker Drive
Chicago, IL 60606

Description of services: CIT Rail provides financial solutions to the bulk freight transportation marketplace by closely working with freight shippers, receivers, carriers, intermediaries and facility operators across all modes to customize financial solutions to each customer's individual needs. CIT Rail is a full-service lessor that owns "one of the youngest, most diversified fleets in North America," as the company puts it. CIT Rail owns and manages a fleet of more than 100,000 rail cars and more than 500 locomotives.

Contact: Donald Bradley, Senior VP Strategic Marketing, 312-906-5786,


C.K. Industries Inc.

P.O. Box 1029
Lake Zurich, IL 60047
847-550-1856 | Fax: 847-550-1854
Fax: 847-550-1854

Description of services: C.K. Industries Inc., a privately held corporation, offers its services to shippers and Class I, regional and short-line railroads in North America. New investment opportunities up to $10 million in both new and used freight cars will be considered. The company's existing fleet comprises a variety of car types. The company offers mid- to long-terms, either on a full-service or triple-net basis.

Contact: Brian Harris, Director of Sales,


Connell Finance Co. Inc.

200 Connell Drive
Berkeley Heights, NJ 07922
908-673-3700 | Fax: 908-673-3800

Description of services: Lessor of railroad cars and locomotives; remarketing services to lessors of rail assets.

Contact: Kenneth W. O'Neill, Senior VP,


The David J. Joseph Co.

300 Pike St.
Cincinnati, OH 45202

Description of services: Lessor.

Contact: Trey W. Savage,


Element Rail LLC

161 Bay Street - Suite 4600
Toronto, Ontario, Canada, M5J 2S1
416-386-1067 | Fax: 888-772-8129

Description of services: Element Rail LLC provides a range of rail-car financing options for shippers, manufacturers and distributors across the United States and Canada. The company offers custom financing solutions for clients requiring access to a variety of rail-car types and configurations for use in industries ranging from agriculture and food processing to petroleum and manufacturing. The company offers full-service, net-operating and per diem options for new and used rail cars and related equipment, as well as sale lease-backs, lease buyouts and other solutions. Element's structured finance team also is available to advise on the development and formation of capital programs that enable large rail-car portfolios to be acquired and funded.

Contact: Harry Zander, Senior Vice President, Element Rail, 312-543-6621,


First Union Rail

6250 River Road, Suite 5000
Rosemont, IL 60018
847-318-7575 | Fax: 847-318-7588

Description of services: First Union Rail (a Wells Fargo company) specializes in providing customized finance and operating lease structures, buying, selling, marketing, maintaining and managing railroad equipment of all types.

Contact: Richard F. Seymour, VP Sales & Marketing, 847-384-5323,


Florail Inc.

P.O. Box 2089
DeLand, FL 32721
386-738-7611 | Fax: 386-738-7611

Description of services: Rail-car leasing.

Contact: Claude Bigot, President,


GATX Corp.

222 W. Adams St.
Chicago, IL 60606
312-621-6200 | Fax: 312-621-6648
Web: | Email:

Description of services: GATX Corp. "strives to be recognized as the finest rail-car leasing company in the world by its customers, its shareholders, its employees and the communities where it operates," according to the company. GATX has been providing rail cars and services to its customers for more than 115 years. The company has been headquartered in Chicago since its founding in 1898.

Contact: Thomas A. Ellman, Executive VP and President, Rail North America,


GE Capital, Rail Services

161 N. Clark St.
Chicago, IL 60601
Web: | Email:

Description of services: GE Capital, Rail Services provides specialty financing and one of the largest and most diverse rail-car fleets in North America. With over 100 years of experience, Rail Services leases a variety of rail cars and offers repair and maintenance services, through the use of GE-owned and authorized shops, to help ensure quality and scheduling flexibility.

Contact: Kareen Gray, EVP Sales & Services


GLNX Corp.

2201 Timberloch Place, Suite 125
The Woodlands, TX 77380
281-363-7057 | Fax: 281-363-7060

Description of services: GLNX is a full-service operating lessor of owned and managed tank cars. The company also offers fleet management and seeks acquisitions of rail-car portfolios and sale/leaseback programs.

Contact: Jerry Sagehorn, VP Sales and Marketing,


The Greenbrier Cos.

One Centerpointe Drive - Suite 200
Lake Oswego, OR 97035
503-684-7000 | Fax: 503-684-7553
Web: | Email:

Description of services: The Greenbrier Cos. supplies transportation equipment and services to the railroad and marine industries. The company builds freight cars in its four manufacturing facilities in the United States and Mexico — specifically, it designs and produces intermodal, box car, gondola, tank car and covered hopper rail cars. Customers include railroads, shippers and leasing companies. In Europe, the company builds and refurbishes railroad freight wagons through its operation in Poland. Greenbrier also offers repair and refurbishment services on all rail-car types through a joint venture called GBW Railcar Services LLC. GBW has 39 locations, including 14 tank-car repair and maintenance facilities certified by the Association of American Railroads. Greenbrier also sells reconditioned wheelsets and provides wheel services at nine U.S. locations. Greenbrier has a lease fleet of over 8,500 rail cars and performs management services for customers on about 245,000 rail cars.

Contact: Larry Stanley, SVP Finance, 503-684-7000


Herzog Railroad Services Inc.

P.O. Box 518
St. Joseph, MO 64502
816-233-9002 | Fax: 816-233-7757

Description of services: Offers rail-car leasing, railroad construction, two full-service rail-car shops, rail testing and rail-car unloading services.

Contact: Keith Schmitz,


Infinity Rail

1355 Peachtree St. NE
Suite 750 - South Tower
Atlanta, GA 30309
678-904-6300 | Fax: 678-904-6310
Web: | Email:

Description of services: Infinity Rail is a lessor of private rolling stock, with options for a variety of lease packages and flexibility regarding rail-car modifications.

Contact: Larry Smith, VP - Equipment Sales, 678-296-9709,; Lee Martini, Assistant VP - Equipment Sales, 678-904-6315,


JAIX Leasing Co. (FreightCar America Inc.)

Two North Riverside Plaza - Suite 1300
Chicago, IL 60606
800-458-2235 | Fax: 312-928-0891

Description of services: Railroad freight-car builder and lessor.

Contact: Ted Baun, Senior VP, Marketing & Sales, 312-928-0850,


Kasgro Rail Corp.

121 Rundle Road
New Castle, PA 16102

Description of services: Kasgro is a builder and lessor of various types of rail cars, including cement cars, flat cars, ballast cars, gondolas, ore cars, ribbon train cars and heavy-duty cars.


Mitsui Rail Capital LLC

71 S. Wacker Drive - Suite 1800
Chicago, IL 60606
Web: | Email:

Description of services: Mitsui Rail Capital (MRC) offers rail-car leasing and fleet management. A subsidiary of trading and investment company Mitsui & Co. Ltd., MRC offers an array of car types, including coal hopper, coal gondola, centerbeam, covered hopper, covered coil, mill gondola, intermodal, specialty and box cars, according to the company's website.



908 Shawnee St.
Mt. Vernon, IL 62864
Web: | Email:

Description of services: NRE is an independent supplier of locomotive servicing, new and remanufactured locomotives, locomotive leasing, field services, parts and salvage operations. NRE serves Class I, regional, short lines, government and industrial railroads around the globe. In addition to designing and manufacturing a series of new NRE locomotives, the company re-engineers locomotives with state-of-the-art electronic and propulsion controls, emission and fuel-saving technologies, and new and remanufactured engine designs.

Contact: Keith Batley, Assistant VP North American Sales, 920-915-1825,


Progress Rail Equipment Leasing

15173 North Road
Fenton, MI 48430
Fax: 810-714-4680

Description of services: Progress Rail Equipment Leasing is a full-service leasing, rental and finance company. "Our continued success is built on the understanding of the railway maintenance-of-way equipment market, an appreciation for the needs of the clients we serve and the ability to adapt to future requirements," the company says. Progress Rail Equipment Leasing takes a "hands-on approach" with its customers, which "leads to the development of customized, knowledge-based lease structures," the company says.

Contact: Daniel Daugherty, Sales Manager, 810-714-4626



200 S. Wacker Drive - Suite 3100
Chicago, IL 60606
312-674-4742 or 847-975-3568 | Fax: 312-421-2742
Web: Under development (as of January 2015)

Description of services: Rail-car leasing and advisory/consulting services.

Contact: Peter R. Urban,


Rio Grande Chemical Ltd. (RGCX)

P.O. Box 69
McAllen, TX 78505
956-686-2221 | Fax: 956-686-8290

Description of services: Rail-car equipment leasing packages, sale/ leaseback transactions, Internet-based (ARMS) fleet management services, financing arrangements and investment opportunities.

Contact: David Bertram, VP, 850-443-9665,


SMBC Rail Services LLC

300 S. Riverside Plaza - Suite 1925
Chicago, IL 60606
312-559-4800 or 800-4RAILCAR | Fax: 312-559-4829

Description of services: Full-service operating lessor.

Contact: Tim Johnson, Senior VP - Leasing, 312-559-4805,


Tealinc Ltd.



Trinity Industries Leasing Co.

2525 Stemmons Freeway
Dallas, TX 75207
800-631-4420 | Fax: 214-589-8623

Description of services: Trinity Industries Leasing Co., with a fleet of about 75,000 rail cars, offers rail-car leasing, management services and rail-car repair. Also available is access to the rail-car manufacturing resources and additional rail car services provided by TrinityRail. An overview of TrinityRail's full portfolio of rail transportation products and services is available at

Contact: Stephen Menzies, Group President,; Eric Marchetto, Executive VP & Chief Financial Officer,; Jesse Crews, VP & Chief Investment Officer,; Bob Hulick, Executive VP & Chief Mechanical Officer,; John Guarino, VP, Portfolio Management,; Tom Jardine, VP, Portfolio Management,


Union Tank Car Co.

175 W. Jackson Blvd.
Chicago, IL 60604
312-431-3111 | Fax: 312-347-5837

Description of services: Union Tank Car (UTLX), a Marmon Group/Berkshire Hathaway Company, holds a long-term focus in its three tank-car disciplines: leasing service, car repair and maintenance, and manufacturing. UTLX "continues to advance car design, manufacturing capability, and complete and competent tank car care," according to the company.

Contact: Bruce Winslow, Communications Director,


VTG Rail

103 West Vandalia - Suite 200
Edwardsville, IL 62025
618-343-0600 | Fax: 618-343-9015

Description of services: VTG is a full-service sales and leasing operation of general and specific-purpose rail cars for use by railroads and private shippers throughout the United States, Mexico and Canada. VTG's fleet comprises a variety of rail cars configured to transport various dry bulk products, as well as liquids and other specialized commodities. Leases can be tailored to meet customers' needs, with VTG providing the maintenance and administration services as part of the agreement.

Contact: Lynn Hayungs, Regional VP Sales,; Randy Sycks, Regional VP Sales,


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