GE Capital Rail Services
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.
Company type | Subsidiary |
---|---|
Industry | Rail transportation |
Founded | 1986 (acquisition) |
Defunct | 2015/2016 (sale) |
Headquarters | , USA |
Key people | CEO & President : Joe Lattanzio |
Services | Rolling stock leasing |
Parent | GE Capital |
Website | www.gecapitalrail.com |
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. The company also managed the servicing and repair of freight cars.
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.
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