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Rail News Home Rail Industry Trends

February 2014

Part 1 : Banks - Rail Finance & Leasing Guide 2014

Part 2 : Equipment Providers/Equipment Management Services - Rail Finance & Leasing Guide 2014

Part 3 : Finance Companies - Rail Finance & Leasing Guide 2014

Part 4 : Investment Banks - Rail Finance & Leasing Guide 2014

Part 5 : Lessors - Rail Finance & Leasing Guide 2014

Part 6 : Professional Services/Consulting - Rail Finance & Leasing Guide 2014

Rail News: Rail Industry Trends

Lessors - Rail Finance & Leasing Guide 2014


American Railcar Industries Inc.



American Railcar Leasing L.L.C.

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

Description of services: Rail-car leasing.

Contact: Dan Mazzarini, Senior VP - Sales & Marketing, 636-940-5306,


The Andersons Inc.

P.O. Box 119, Maumee, OH 43537
Fax: 419-891-2749

Description of services: Operating leases, rail car repairs, fleet management.

Contact: Chuck Brown, Sales Manager,


Boxcar Services L.L.C. (a Division of Vertex Rail Technologies)

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

Description of services: Rail-car lessor/finance and rail-car manufacturing.

Contact: Daniel M. Bigda, Managing Partner,


Chicago Freight Car Leasing Co.

425 Martingale Road, 6th Floor
Schaumburg, IL 60302
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 60047-1029
Fax: 847-550-1854

Description of services: Lease financing for a variety of new and used railroad freight cars. Equipment offered on both a net or full-service lease basis for various lengths of terms. All types of new investment opportunities will be considered.

Contact: Richard E. Meyers, President; email:


Compass Capital Corp.

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

Description of services: Rail-car and locomotive leasing, equipment finance, remarketing services, fleet acquisitions.

Contact: Peter R. Urban, VP - Rail Marketing,


Connell Finance Co. Inc.

200 Connell Drive
Berkeley Heights, NJ 07922
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; email:


The David J. Joseph Co.

300 Pike St.
Cincinnati, OH 45202

Description of services: Lessor.

Contact: Trey W. Savage,


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; email:


Florail Inc.

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

Description of services: Rail-car leasing.

Contact: Claude Bigot, President; email:


GATX Corp.

222 W. Adams St.
Chicago, IL 60606
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. Controlling one of the world's largest rail-car fleets, 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; email:


GE Capital, Rail Services

161 N. Clark St.
Chicago, IL 60601

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
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; email:


The Greenbrier Leasing Co.

One Centerpointe Drive, Suite 400
Lake Oswego, OR 97036
Fax: 503-968-4375

Description of services: Rail-car leasing.

Contact: Thomas P. Jackson, VP of Marketing, 503-937-1522; email:


Herzog Railroad Services Inc.

P.O. Box 518
St. Joseph, MO 64502
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
Fax: 678-904-6310

Description of services: Infinity is a private lessor of a variety of rail-car rolling stock. Infinity "prides itself on exceptional customer service and flexibility with regard to leases and rail-car modifications to find the transaction and equipment to best serve [its] customers," according to the company.

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


JAIX Leasing Co. (FreightCar America Inc.)

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

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

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


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.

Contact: Ken Heydorn, VP-Sales & Marketing; email:


Macquarie Rail Inc.

One North Wacker Drive, Level 29
Chicago, IL 60606
Fax: 312-756-3847

Description of services: Macquarie Rail Inc. provides leasing and financing in an array of structures and terms. Offering transportation solutions targeted toward large and small shippers, as well as Class I and short-line railroads, Macquarie Rail covers many key industrial markets, including coal, cement, aggregates, paper, lumber, grain, plastics and metals. Full-service and per-diem leases as well as net solutions available.

Contact: Harry Zander, Senior VP-Sales & Marketing; email:


Mitsui Rail Capital L.L.C.

71 S. Wacker Drive, Suite 1800
Chicago, IL 60606
Fax: 312-803-8890

Description of services: Mitsui Rail Capital (MRC) offers rail-car leasing and fleet management. A subsidiary of trading and investment company Mitsui & Co., MRC has a "young, high-quality and diversified" rail-car fleet serving all major industrial markets including tank cars, according to the company.

John O'Bryan, President, 312-803-8833; email:;
Daniel P. Penovich, Vice President, 312-803-8860; email:


Progress Rail Equipment Leasing

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

Description of services: Progress Rail Equipment Leasing is "the largest lessor of maintenance of way equipment in North America," according to the company. Progress Rail Equipment Leasing is a full-service firm that offers programs and services tailored to meet customers' financial needs.

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


Rio Grande Chemical Ltd. (RGCX)

P.O. Box 69
McAllen, TX 78505
Fax: 956-686-2223

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

Contact: Bob Hebbeler,


SMBC Rail Services L.L.C.

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

Description of services: SMBC Rail (formerly Flagship Rail) is a full-service operating lessor, invested in all tank and freight-car types. The company offers a broad selection of equipment leasing and financing products for the North American rail industry. SMBC Rail can structure a solution for rail equipment needs — short and long term, full-service or net leases, sale/leaseback or portfolio acquisition, according to the company.

Gene Henneberry, President & CEO, 312-559-4801;
Tim Johnson, Senior VP Leasing - Midwest, 312-559-4805;
Patrick McGrath, VP Leasing - Southeast, 312-559-4821;
Jeffrey Griffin, VP Leasing - Northwest, 312-559-4820;
Jeff Wilkison, VP Leasing - Southwest, 312-559-4808;
Mark DePaul, VP Leasing - Northeast, 312-559-4822.


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

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
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, Public Relations and Advertising Manager,


VTG Rail

103 West Vandalia, Suite 20
Edwardsville, IL 62025
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.

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

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