Chicago-based Mitsui Rail Capital rebrands as Modern Rail Capital to reflect its consolidation under one parental entity earlier this year when JA Mitsui Leasing Capital Corporation (JMCC) acquired full ownership from Mitsui & Co., Ltd.
  • News

Supply Side: IntelliTrans, MRC

IntelliTrans earns recognition in the Gartner Hype Cycle for Supply Chain Execution Technologies 2023 report. Also, railcar lessor Mitsui Rail Capital rebrands as Modern Rail Capital (MRC).

According to Intramotev, its ReVolt cars remain in the train consist “to capture energy via regenerative braking and reduce locomotives’ diesel consumption,” while its TugVolt cars (pictured)—supplied as a “proprietary kit that can retrofit/upfit existing railcars to become battery-electric”—can decouple from the consist to independently provide first- and last-mile service.
  • News

Supply Side: FourKites, Intramotev, Medha/Leclanché

FourKites, a real-time supply chain visibility company, earns a 2023 Gartner Marketing and Communications Award. Also, Intramotev will supply three battery-electric railcars to Iron Senergy for its mining operation in Waynesburg, Pa.; and Medha Group and Leclanché SA agree to jointly market their technologies in the railroad and commercial truck markets.

Shift5 Raises $50MM in Capital

OT (Operational Technology) cybersecurity company Shift5 has raised $50 million in a Series B round led by New York-based global private equity and venture capital firm Insight Partners.