Mitsubishi expands US railcar leasing

Mitsubishi UFJ Lease & Finance Company Limited (MUL) has opened an MUL Railcars (MULR) office in Portland, Oregon, to serve as the base of operations for the company’s railcar leasing business in the US.

MUL has steadily expanded its railcar business primarily through a strategic business alliance with The Greenbrier Companies, (GBX), a US-based leading international builder and supplier of railcar equipment and services.

To keep pace with the growth, the company has established a fully staffed office dedicated to its independent rail car leasing activity.

James Sharp, who has extensive executive experience in railcar leasing, including multiple senior executive roles at GBX, has been appointed as the president and CEO of MULR.

During this next phase of development, the group says it aims to expand its portfolio through primary and secondary acquisition channels to hold 25,000 railroad cars by 2020 and become a top 10 company in the US railcar leasing market.