MUL Railcars, Inc., a railcar leasing company, announced it has changed its name to PNW Railcars, Inc.

Mitsubishi HC Capital Inc. implemented the business Integration through an absorption-type merger (the Merger) on April 1, 2021, in which Mitsubishi UFJ Lease & Finance Company Limited was the surviving company and Hitachi Capital Corporation was the merged company. Together with the Merger, MUL Railcars, Inc. decided to change its trade name.
 
MUL Railcars, Inc., a full-service railcar leasing, maintenance and management company, has changed its name to PNW Railcars, Inc. PNW Railcars, based in Portland, OR, will continue to offer customers the same best-in-class railcar asset availability and fleet management, supported by a talented team that offers decades of combined experience with railcar leasing, management and regulatory assistance, and specialized services.

PNW Railcars CEO Andy Vestergaard said, “We are committed to serving our customers today and well into the future. 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. 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."

With one of the youngest and most comprehensive fleets in the rail leasing industry, PNW Railcars serves customers in the agriculture, automotive, aggregates, chemicals, energy, forest products, plastics and steel industries.