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February 2017

Part 1 : Progressive Railroading's 2017 Finance and Leasing Guide: Banks

Part 2 : Progressive Railroading's 2017 Finance and Leasing Guide: Equipment providers/Equipment Management Services

Part 3 : Progressive Railroading's 2017 Finance and Leasing Guide: Finance Companies

Part 4 : Progressive Railroading's 2017 Finance and Leasing Guide: Investment Banks

Part 5 : Progressive Railroading's 2017 Finance and Leasing Guide: Lessors

Part 6 : Progressive Railroading's 2017 Finance and Leasing Guide: Private Equity Firms

Part 7 : Progressive Railroading's 2017 Finance and Leasing Guide: Professional Services/Consulting

Rail News: Mechanical

Progressive Railroading's 2017 Finance and Leasing Guide: Lessors

American Railcar Industries Inc.


The Andersons Inc.

480 W. Dussel Drive, Maumee, OH 43537
419-893-5050 |

Description of services: Rail-car leasing and repair.

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

CAI International

Steuart Tower, One Market Plaza, 9th Floor, San Francisco, CA 94105
415-788-0100 |

Description of services: Operating lessor; marine shipping containers, rail cars, logistics services. Offers a broad range of tank and covered hopper cars.

Contact: James H. Magee, Senior Vice President and Managing Director, 415-271-4861,

CarMath Inc.

25965 482nd Ave., Brandon, SD 57005
605-582-8340 | Fax: 605-582-8304 |

Description of services: CarMath Inc. provides rail-car leasing services. CarMath offers "decades of industry experience" and can help customers choose the lease type that best "fits [their] needs, the company says.

Chicago Freight Car Leasing Co.

425 Martingale Road, Sixth Floor, Schaumburg, IL 60173
847-318-8000 |
Description of services: Full-service rail-car lessor offering a broad range of tank and covered hopper cars.

Contact: Todd Kahn, VP of Portfolio Management & Marketing,

CIT Rail

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

Description of services: CIT Rail offers leasing solutions to rail shippers and carriers throughout North America and Europe, and “leverages deep experience and one of the youngest, most diversified rail-car and locomotive fleets in the industry,” as the company puts it. CIT owns and manages a fleet of more than 120,000 rail cars and 500 locomotives (counts reflect North American fleet only).

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

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: 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; and rail-car dismantling for scrapping and parts reclamation.

Contacts: Trey W. Savage, VP Rail Group,; Ryan Eckert, GM Rail Equipment Group,; Dan Dorsey, GM Private Fleet,; Tom Pellington, Sr. Dir. Rail Equipment Services,; Steve Skeels, Chief Mechanical Officer,

ECN Capital Rail Finance LLC

150 N. Wacker Drive, Suite 2450 , Chicago, IL 60606
312-982-8701 | Fax: 312-982-8699

Description of services: ECN Capital Rail Finance LLC provides finance and lease solutions for rail rolling stock in North America.

Contact: Harry Zander, Senior Vice President, 312-982-8701,

Florail Inc.

P.O. Box 2089, DeLand, FL 32021
386-738-7611 | Fax: 386-738-7611

Description of services: Rail-car lessor.

Contact: Claude Bigot, President,

GATX Corp.

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

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

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

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. Inc.

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

Description of services: The Greenbrier Cos. Inc. 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 over 30 locations, including 12 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 9,000 rail cars and performs management services for customers on about 269,000 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: Rail-car leasing, specialized equipment leasing, AAR-certified rail-car repair and rail-car unloading services.

Contact: Ryan Crawford,

HZRX-Locomotive Leasing LLC

2800 W 3rd St., Cleveland, OH 44113
440-788-8009 | Fax: 216-731-0034

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

Contact: Jon Jaros,

Infinity Rail

1355 Peachtree St. NE, Suite 750 - South Tower, Atlanta, GA 30309
678-904-6335 | Fax: 678-904-6310 |

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, VP - Equipment Sales, 678-904-6315,

JAIX Leasing Co. (FreightCar America Inc.)

Two North Riverside Plaza, Suite 1300, Chicago, IL 60606
312-928-0850 | Fax: 312-928-0890

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

Contact: Ted Baun, Chief Commercial Officer,

Mitsui Rail Capital LLC

One South Wacker Drive, Suite 3100, Chicago, IL 60606
312-803-8851 |

Description of services: Rail-car lessor.

Contact: Chris Gerber, VP of Sales and Marketing, 212-803-8851,


908 Shawnee St., Mt. Vernon, IL 62864
618-241-9270 |

Description of services: NRE is an independent supplier of locomotive servicing, new and remanufactured locomotives, leasing, field services, parts and salvage operations. The company offers clients multiple facilities with large capacity and quick turnaround, plants on main lines for easy access and flexible work scopes.

Contact: Mike Zerafa, VP of Domestic Business Development, 618-241-9270,

PNC Equipment Finance


Progress Rail

15173 North Road, Fenton, MI 48430
810-714-4626 | Fax: 810-714-4680 |

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.


200 S. Wacker Drive - Suite 3100, Chicago, IL 60606
312-674-4742 | Fax: 312-421-2742

Description of services: Equipment lessor, consulting and management services.

Contact: Peter R. Urban,


70 W. Madison, Suite 2340, Chicago, IL 60602
312-726-0695 |

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, involving more than 70,000 rail cars.


907 Lindberg Ave., McAllen, TX 78501
800-822-7429 |

Description of services: Rail-car lessor.

Contact: David Bertram,

SMBC Rail Services LLC

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

Description of services: Full-service operating lessor.

Contact: Gene Henneberry, President and CEO, 312-559-4801,; 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 total owned and managed leased fleet of about 102,000 rail cars, offers leasing, management and rail-car maintenance services. The company also offers 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 and Chief Financial Officer,; Brian Madison, President,; John Guarino, VP, Portfolio Management,; Tom Jardine, VP, Pricing & Contracts,; Jesse Crews, VP & Chief Investment Officer,

Union Tank Car Co.

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

Description of services: Union Tank Car (UTLX) is a Marmon Group LLC/Berkshire Hathaway Inc. company. UTLX and Canadian affiliate Procor lease, manufacture and maintain railroad tank cars.

Vertex Railcar Corp.


VTG Rail

103 West Vandalia, Ste. 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,

Wells Fargo Rail

9377 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.

Contact: Chanel Smith, Rail Client Manager, 312-345-1167,

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Browse articles on American Railcar The Andersons CAI International Chicago Freight Car Leasing CIT Rail C.K. Industries Connell Finance David J. Joseph ECN Capital Rail Florail GATX GLNX Greenbrier Herzog Infinity Rail JAIX Leasing Mitsuk Rail Capital NRE PNC RALCO RESIDCO SMBC Rail Trinity Industries Union Tank Car Vertex Railcar Wells Fargo Rail

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