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February 2018

Part 1 : Progressive Railroading's 2018 Finance & Leasing Guide: Banks

Part 2 : Progressive Railroading's 2018 Finance & Leasing Guide: Equipment Providers/Equipment Management Services

Part 3 : Progressive Railroading's 2018 Finance & Leasing Guide: Finance Companies

Part 4 : Progressive Railroading's 2018 Finance & Leasing Guide: Investment banks

Part 5 : Progressive Railroading's 2018 Finance & Leasing Guide: Lessors

Part 6 : Progressive Railroading's 2018 Finance & Leasing Guide: Professional services/consulting

Rail News: Mechanical

Progressive Railroading's 2018 Finance & Leasing Guide: Lessors

American Railcar Industries Inc.


The Andersons Rail Group

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 | 415-616-3486 |

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.

Contact: James H. Magee, President, 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 customize a leasing program to best serve customers’ business needs, the company says.

Chicago Freight Car Leasing Co.

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

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, and a “highly efficient, diversified fleet” of rail cars and locomotives to rail shippers and carriers throughout North America and Europe, 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,

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
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; Keith Kelsey, Regional Sales Manager,, 859-912-3128; 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,

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. 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. 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 355,000 rail cars.

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

Herzog Railroad Services Inc.

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

Description of services: Specialty equipment and rail-car leasing.

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

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 Transportation

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.

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, Senior Vice President Marketing and Sales,

M4 Capital Group

374 Wickaboug Valley Road, West Brookfield, MA 01585
508-637-1340 |

Description of services: Rail-car lessor, rail-car maintenance, consulting services and finance for rail assets.

Contact: Daniel M. Bigda, Senior Partner, 508-637-1340,

Mitsui Rail Capital LLC

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

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
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: Full-service and net leasing of railroad rolling stock (freight cars), purchase and lease-back, lease restructuring and consulting.


70 W. Madison, Suite 2200, 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
956-686-2221 | Fax: 956-686-8290

Description of services: Rail-car lessor.

Contact: David Bertram,

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: Gene Henneberry, President and CEO, 312-559-4801,; Tim Johnson, Senior VP - Leasing, 312-559-4805,; Mike McCarthy, Senior VP - Leasing, 312-559-4803,

Tealinc Ltd.


Trinity Industries Leasing Co. (TILC)

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 fleet of about 112,000 rail cars, offers rail-car leasing, management, on-site field service and maintenance services. The company also offers access to the rail-car manufacturing resources and additional services provided by TrinityRail. An overview of TrinityRail’s full portfolio of rail transportation products and services is available at

Contact: Brian Madison, President, TILC,; Mark VanCleave, EVP, Industrial Sales & Leasing,

Union Tank Car Co.

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

Description of services: Union Tank Car (UTLX) consists of three Marmon companies — Rail Products & Services, Engineered Products and Crane Services, as well as EXSIF Worldwide, a lessor of intermodal tank containers. Marmon Rail Products & Services includes Union Tank Car Co. and Procor, full-service providers of railroad tank cars in North America.

Vertex Railcar Corp.


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

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: Joanna Brooks, Rail Client Manager, 312-630-2492,

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