Railcar leasing, maintenance and management firm MUL Railcars, Inc., has changed its trade name to PNW Railcars, Inc., effective Dec. 1.
Portland, Ore.-based PNW Railcars is a group company of Mitsubishi HC Capital, Inc., a global leasing firm headquartered in Tokyo, Japan, that was formed through the April 1, 2021 merger of Mitsubishi UFJ Lease & Finance Company Limited and Hitachi Capital Corporation. Noting on pnwrailcars.com that “only our name has changed,” PNW Railcars will continue to serve customers in the agriculture, automotive, aggregates, chemicals, energy, forest products, plastics and steel industries.
“Over the past four years, as MUL Railcars, we more than doubled the size of our fleet to over 20,000 railcars, while continuing to provide ongoing support to our expanding customer base,” PNW Railcars CEO Andy Vestergaard said. “Now, as PNW Railcars, we will continue that legacy of delivering solid value through comprehensive leasing and service solutions in keeping with PNW Railcars’ high standards for integrity and customer focus. This is possible thanks to our dedicated team, world-class financial backing and global connections of Mitsubishi HC Capital, and partnerships.”