US manufacturer to deliver 6,000 railcars to Japan
Japan-based Mitsubishi UFJ Lease & Finance (MUL) has entered a multi-year purchase commitment for 6,000 newly-manufactured railcars from the US company Greenbrier. Deliveries will commence in Q4/2017 and continue to 2020.
MUL has said it will obtain all its newly-manufactured railcars exclusively from Greenbrier through 2023. In addition, MUL wants to supplement its portfolio growth through a combination of lease syndications and used equipment originated and owned by Greenbrier.
The two parties have also formed a new railcar management service that will solely manage all the railcars in MUL's fleet. (ben)