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Rail News Home Mechanical

February 2019

Part 1 : Progressive Railroading's 2019 Finance & Leasing Guide: Banks

Part 2 : Progressive Railroading's 2019 Finance & Leasing Guide: Equipment providers/Equipment Management Services

Part 3 : Progressive Railroading's 2019 Finance & Leasing Guide: Finance Companies

Part 4 : Progressive Railroading's 2019 Finance & Leasing Guide: Investment Banks

Part 5 : Progressive Railroading's 2019 Finance & Leasing Guide: Lessors

Part 6 : Progressive Railroading's 2019 Finance & Leasing Guide: Professional services/consulting

Rail News: Mechanical

Progressive Railroading's 2019 Finance & Leasing Guide: Lessors


American Railcar Industries Inc.


The Andersons Inc.

1947 Briarfield Blvd., Maumee, OH 43537
419-893-5050 |

Description of services: Rail-car leasing and repair.

Contact: Matt Keck, Director of Sales, 419-891-6693,

ATEL Leasing Corp.

600 Montgomery St., Ninth Floor
San Francisco, CA 94111 | 800-543-2835

Description of services: Lessor, net and full-service leases; equipment sales.

CAI Rail

Steuart Tower, One Market Plaza, Suite 900 San Francisco, CA 94105
415-788-0100 |

Description of services: CAI Rail is a division of CAI International, an integrated global transportation company that specializes in intermodal container leasing and sales, rail leasing and operations and logistics services. CAI Rail offers equipment financing, asset management and a comprehensive rail car refurbishing program. Its new, refurbished and customized cars include tank cars, covered hoppers, gondolas, flat and bulkhead flat cars, and box cars.

CarMath Inc.

25965 482nd Ave., Brandon, SD 57005
605-582-8340 |

Description of services: CarMath Inc. provides rail-car leasing services. CarMath offers “decades of industry experience” and can customize a leasing program to best serve customers’ business needs, the company says.

Contact: Walker Carmon, Vice President

Chicago Freight Car Leasing Co.

425 Martingale Road, Sixth Floor, Schaumburg, IL 60173

Description of services: Full-service rail-car lessor offering a broad range of tank and covered hopper cars.

CIT Rail

30 S. Wacker Drive, Chicago, IL 60606 312-906-5701 |

Description of services: CIT Rail offers customized leasing and financing solutions. CIT Rail has “one of the most diversified, high-capacity fleets” in North America, as the company puts it. CIT owns and manages a fleet of about 119,000 rail cars and 500 locomotives.

Contact: Donald Bradley, Senior VP Strategic Marketing,12-906-5786,

C.K. Industries Inc.

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

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

The David J. Joseph Co.

300 Pike St., Cincinnati, OH 45202
513-419-6200 | Fax: 513-419-6224 |

Description of services: The David J. Joseph Co.’s Rail Group provides a broad range of transportation services throughout North America: single investor, leverage leases, freight cars, portfolio evaluation, remarketing fleet management, purchases and sales of portfolios, and private fleet management. Other services include freight-car inspections and engineering services from design of new cars to complete ISL extended life, modifications and analysis; in addition to rail-car dismantling for scrapping and parts reclamation.

Contacts: Trey Savage, VP Rail Group,, 513-419-6200; Ryan Eckert, General Manager Rail Equipment Group,, 513-419-6200; Jeff Blake, Regional Sales Manager,, 513-419-6200; Jeff Schmutte, Regional Sales Manager,, 513-419-6200; Eric Hausfeld, Regional Sales Manager,, 513-419-6200; Dan Dorsey, General Manager Private Fleet,, 513-419-6200; Steve Skeels, Chief Mechanical Officer,, 513-703-0984; Ann Edwards, Manager Retired Fleet,, 502-643-2156

Florail Inc.

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

Description of services: Rail-car lessor.

Contact: Claude Bigot, President,

FreightCar America Leasing LLC

North Riverside Plaza, Suite 1300, Chicago, IL 60606 |

Description of services: FreightCar America manufactures and leases a wide range of rail-car types for the transportation of bulk commodities and containerized freight, including covered hoppers, open top hoppers and gondolas along with intermodal and non-intermodal flat cars. The company also refurbishes and rebuilds rail cars, and sells forged, cast and fabricated parts. FreightCar America offers both net leases and full service leases, and can structure short-term operating leases or long-term finance leases, depending on customers’ needs.

GATX Corp.

233 S. Wacker Drive, Chicago, IL 60606-7147
312-621-6200 |

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. The company has been headquartered in Chicago since its founding in 1898.

GLNX Corp.

2201 Timberloch Place, Suite 125, The Woodlands, TX 77380
281-363-0185 | 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.

The Greenbrier Cos.

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

Description of services: The Greenbrier Cos. supplies equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight rail cars and marine barges in North America. Greenbrier Europe is an end-to-end freight rail-car manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight rail cars and rail castings in Brazil through two separate strategic partnerships. Greenbrier provides freight rail-car wheel services, parts, repair, refurbishment and retrofitting services in North America through its wheels, repair and parts business unit. The company offers rail-car management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. Greenbrier owns a lease fleet of over 9,600 rail cars and performs management services for 358,000 rail cars. Contact: Tom Jackson, VP Marketing

Herzog Railroad Services Inc.

700 S. Riverside Road, St. Joseph, MO 64507
816-233-9002 | Fax: 816-233-7757

Description of services: Founded in 1969, Herzog provides rail and heavy/highway construction, operations, and maintenance for Class Is, short lines and transit clients across North America. The company offers a vast fleet of specialty railroad maintenance equipment designed and built in-house.

Contact: James Hansen, Chief Commercial Officer, 612-812-1344,

HZRX-Locomotive Leasing LLC

2800 W 3rd St., Cleveland, OH 44113

Description of services: Locomotive parts, sales, rebuild and service.

Infinity Transportation

1355 Peachtree St. NE, Suite 750 - South Tower, Atlanta, GA 30309
678-904-6315 | Fax: 678-904-6310

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

Mitsui Rail Capital LLC

One South Wacker Drive, Suite 3110
Chicago, IL 60606
312-803-8880 |

Description of services: Rail-car lessor.


908 Shawnee St., Mt. Vernon, IL 62864

Description of services: NRE is an independent supplier of locomotive servicing, new and remanufactured locomotives, leasing, field services, parts and salvage operations.

PNC Equipment Finance


Progress Rail Leasing Corp.

15173 North Road, Fenton, MI 48439

Description of services: Full-service lessor of maintenance-of-way equipment. Progress Rail offers a host of programs and services tailored to meet customers’ financial needs, the company says.


70 W. Madison, Suite 2200
Chicago, IL 60602-4275

Description of services: RESIDCO is a transportation equipment lessor and asset management company that operates and manages a fleet of more than 7,000 freight cars and locomotives. Since its 1982 inception, RESIDCO has specialized in the trading, acquisition, syndication, leasing and financing of rail equipment representing every major car type.


3225 Shallowford Road, Suite 420
Marietta, GA 30062
850-443-9665 |

Description of services: Rail-car leasing company.

SMBC Rail Services LLC

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

Description of services: Rail-car leasing.

Contact: Gene Henneberry, President and CEO, 312-559-4801,; Mike McCarthy, Senior VP - Leasing, 312-559-4803,

Tealinc Ltd.


Trinity Industries Leasing Co. (TILC)

2525 Stemmons Freeway, Dallas, TX
800-631-4420 |

Description of services: Trinity Industries Leasing Co., with a total owned and managed fleet of about 122,000 rail cars, offers rail-car leasing, management, maintenance services and on-site field support for operational assistance and training. The company also offers access to the rail-car manufacturing resources, rail-car parts and the additional services provided by TrinityRail® through its integrated platform of rail transportation solutions. An overview of the complete rail transportation products and services offered by TrinityRail is available at

Contact: Brian Madison, President, TILC,; Eric Marchetto, EVP & Chief Commercial Officer,;
Mark VanCleave, EVP, Industrial Sales & Leasing,

Union Tank Car Co.

175 W. Jackson Blvd., Suite 2100
Chicago, IL 60604
312-431-3111 |

Description of services: Union Tank Car Co. (UTLX) supplies general purpose and pressure tank cars, as well as plastics covered hopper cars, for bulk shippers. UTLX provides a range of leasing, design, manufacturing and maintenance services designed to “enable customers to operate in a safe and efficient manner,” the company says. Along with Canadian affiliate Procor, UTLX owns the largest tank car fleet in North America, specializing in full-service leasing with a support infrastructure to handle all fleet management and maintenance needs. UTLX is a Marmon/Berkshire Hathaway Company..

VTG Rail

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

Description of services: Rail-car leasing and maintenance management.

Contact: Lynn Hayungs, Regional VP Sales,; Bryan Vaughn, Regional VP Sales,

Wells Fargo Rail

377 W. Higgins Road, Suite 600, Rosemont, IL 60018
847-318-7575 |

Description of services: Wells Fargo Rail is an operating lessor with more than 175,000 rail cars and 1,800 locomotives. The company serves the North American market for rail equipment with customers in the United States, Canada and Mexico, and provides services such as equipment modifications, equipment maintenance, customized lease terms, a variety of leasing options, rail-car accounting, equipment management, flexible rates and financing.

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Browse articles on The Andersons CarMath CIT Rail C.K. Industries David J. Joseph FreightCarAmerica GATX Greenbrier Herzog Infinity Transportation Progress Rail Leasing SMBC Rail Trinity Industries Leasing Union Tank Car VTG Rail Wells Fargo Rail

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