For GE's European rail leasing business, see GE Capital Rail Services (Europe).
GE Rail Services
Company type
Subsidiary
Industry
Rail transportation
Founded
1986 (acquisition)
Defunct
2015/2016 (sale)
Headquarters
Chicago Title and Trust Center Chicago
,
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.
^ ab"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]
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