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Transportation Company - Citirail - Railroad Equipment
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Company NameCitirail
CategoryRailroad Equipment
Year Founded1970
Final Year of Operation2008
TerminationAcquired
Successor/ParentGeneral Electric Railcar Services (Details)
CountryUnited States (Details)
Transportation Company - Citirail - Railroad Equipment



Company History: Citicorp Railmark Inc. (trading as Citirail Express) (reporting mark CREX) is a company that leases locomotives to railroads as needed. The company is a subsidiary of Citibank, which itself is a division of Citigroup. It was formerly known as Citicorp Aerolease, and was first formed on May 13, 1970.
Successor/Parent History:
GE Capital Rail Services, also known as GE Railcar, or GE Railcar Services Corporation was a business unit of GE Capital, a division of General Electric. It is a distinct business unit from General Electric's railway locomotive manufacturer.
GE Rail Services offers leases and manages railcars (railway wagons) for the North American market; its product range includes all types of common freight wagon including box, flat, covered and uncovered hopper (gondola), and tank wagons. The company also manages service and repair of wagons.
In 1997, ACF (reporting marks: ACFX) reached leasing agreement with GE Capital Railcar for 35000 of its 46000 railcars, mostly on 16 year leases with optional purchase agreements.

In 2015 GE Capital announced the sale of its tank car and services business to Marmon Holdings, and the remainder of the business (other wagons, locos) to First Union Rail.

From Wikipedia
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.

Item Links: We found: 2 different collections associated with Citirail - Railroad Equipment
Item created by: gdm on 2017-10-12 16:26:23. Last edited by George on 2023-11-20 14:21:12

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