 | |
| Company type | Subsidiary |
|---|---|
| Industry | Rail transportation |
| Founded | 1986 (acquisition) |
| Defunct | 2015/2016 (sale) |
| Headquarters | , USA[1] |
Key people | CEO & President : Joe Lattanzio[2] |
| Services | Rolling stock leasing |
| Parent | GE Capital |
| Website | www.gecapitalrail.com |
GE Capital Rail Services, also known as GE Railcar, or GE Railcar Services Corporation was a business unit of GE Capital, a division of General Electric. It was a distinct business unit from General Electric's railway locomotive manufacturer.
GE Rail Services leased-out and managed railcars (freight cars) for the North American market. Its assets encompassed all types of common freight cars, including box, flat, covered and open-top hopper (gondola), and tank cars.[3] The company also managed the servicing and repair of freight cars.[1]
In 2015, GE Capital announced the sale of its tank car and services business to Marmon Holdings, and the remainder of the business (other freight cars, locos) to First Union Rail.
- ^ a b "General Electric Railcar Services Corporation", investing.businessweek.com, Bloomberg L.P., archived from the original on June 22, 2013, retrieved 10 January 2012
- ^ "People - High Profile", Railway Age: 52, April 2009
- ^ "GE Capital Rail Services Brochure 2011" (PDF), www.ge.com, General Electric, 2011[permanent dead link]