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Rail News Home Mechanical

February 2020

Part 1 : Progressive Railroading's 2020 Finance & Leasing Guide: Banks

Part 2 : Progressive Railroading's 2020 Finance & Leasing Guide: Equipment Providers/Equipment Management Services

Part 3 : Progressive Railroading Finance & Leasing Guide: Finance Companies

Part 4 : Progressive Railroading Finance & Leasing Guide: Investment Banks

Part 5 : Progressive Railroading Finance & Leasing Guide: Lessors

Part 6 : Progressive Railroading Finance & Leasing Guide:Professional Services/Consulting

Rail News: Mechanical

Progressive Railroading Finance & Leasing Guide: Lessors

A directory of firms that offer an array of financial services to the rail industry


1435 Rail

15173 North Road, Fenton, MI 48439

Description of services: Full-service lessor of maintenance-of-way equipment. 1435 Rail offers a host of programs and services tailored to meet customers’ financial needs, the company says.

American Railcar Industries Inc.


The Andersons Inc.

1947 Briarfield Blvd., Maumee, OH 43537

Description of services: Rail-car repair, leasing and car management.

Contact: Sean Hankinson, Vice President, Sales, Rail Group, 419-891-6352,

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 range of rail cars — including covered and open top hopper cars, flat cars, mill gondola cars and tank cars, according to the company’s website.

CIT Rail

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

Description of services: CIT’s Rail division offers a full suite of rail-car leasing and equipment financing solutions to rail shippers and carriers across North America. The company manages “one of the youngest and most diversified rail-car and locomotive fleets in the industry,” the company says.

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

C.K. Industries Inc.

801 Warrenville Road, Suite 155, Lisle, IL 60532
847-550-1853 | 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. The company’s existing fleet comprises a variety of car types. The company will customize lease packages for mid- and long-term leases, either on a full-service or triple-net basis, according to the company’s website.

Contact: Brian Harris, President,

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;
Dan Dorsey, 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.

FreightCar America Leasing LLC

2 North Riverside Plaza, Suite 1300, Chicago, IL 60606
312-928-1071 |

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 our customers, our shareholders, our employees and the communities where we operate,” 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: Greenbrier is an international supplier of equipment and services to global freight transportation markets. The company designs, builds and markets freight rail cars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar 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. The company provides freight rail car wheel services, parts, repair, refurbishment and retrofitting services in North America through its wheels, repair and parts business unit. Greenbrier offers rail car management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. Through unconsolidated joint ventures, the company produces industrial and rail castings, tank heads and other components. Greenbrier owns a lease fleet of 9,300 rail cars and performs management services for 385,000 rail cars.

Contact: Tom Jackson, VP Marketing


600 S. Riverside Road, St. Joseph, MO 64507

Description of services: Founded in 1969, Herzog provides rail and heavy/highway construction, operations and maintenance services for Class Is, short lines and transit clients across North America. Herzog offers a vast fleet of specialty railroad maintenance equipment designed and built in-house for ballast distribution, rail handling, tie unloading, ultrasonic rail testing and ROW survey.

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

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 | 312-803-8890 |

Description of services: Rail-car lessor.

MUL Railcars Inc.

121 SW Morrison St., Suite 1525, Portland, OR 97204
503-208-9295 |

Description of services: MUL Railcars Inc. is a rail-car leasing and management company that offers “best-in-class asset management capabilities” and an “experienced and talented team dedicated to customer solutions,” the company says. MUL Railcars offers a complete rail-car leasing solution set with rail-car asset management, regulatory support, specialized services and leasing products designed to provide customers with the options they need.

Contact: Theodore W. Baun, Chief Commercial Officer, 503-360-9097,


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



70 W. Madison, Suite 2200
Chicago, IL 60602-4275
312-726-0695 | 312-726-3690

Description of services: RESIDCO is a transportation equipment lessor and asset management company that operates and manages a freight-car and locomotive fleet. RESIDCO offers net and full-service operating leases, lease restructurings, modifications, and manages fleet optimization projects.


9040 Roswell Road, Suite 520
Atlanta, GA 30350
678-560-7882 |

Description of services: Rail equipment lessor.

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 Inc.



2525 Stemmons Freeway, Dallas, TX 75207
800-631-4420 |

Description of services: Trinity Industries Leasing Co. (TILC), with a total owned and managed fleet of about 125,000 rail cars, offers rail-car leasing, management, maintenance services and on-site field support for operational assistance and training. Also available are wide- ranging 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: Eric Marchetto, EVP & Group President, TrinityRail,;
Brian Madison, President, TILC,;
Gregg Mitchell, Chief Commercial Officer,

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. 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 Inc.

103 West Vandalia, Suite 200,
Edwardsville, IL 62025
956-530-2723, 956-630-2723 | Fax: 956-630-2725 |

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

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.

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