ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of transactions for over $15MM with two Class 1 Railroads. These latest transactions are for distinctly different assets, rail cars and maintenance trucks, and for two distinctly different carriers.
ATEL is very pleased to maintain our momentum in the building of our rail portfolio. As one of the Top 10 independent rail lessors, our knowledge of both customers and assets in this category have served our investors well over the years.
Accounting for 69 percent of U.S. freight rail mileage and 90 percent of employees, America’s Class I freight railroads operate in 44 states across the country and concentrate largely on long-haul intercity traffic. There are seven Class I railroads: BNSF Railway, CN, Canadian Pacific, CSX Transportation, Kansas City Southern, Norfolk Southern, and Union Pacific.