Bradley DeVault joined MUL Railcars, a subsidiary of Mitsubishi HC Capital, as assistant vice president of sales, primarily focusing on commercial opportunities in south Texas. He will be based in Houston.

DeVault has more than 15 years of experience in the chemical, petrochemical and railroad industries. For the past two years, he has served with LyondellBasell of Houston as rail sourcing manager. Prior to this role, DeVault held positions with ExxonMobil and BNSF Railway in various roles, including fleet management, contract negotiations and terminal operations.

“Brad has a unique understanding of the importance of relationships in the railcar leasing business, having been a customer in railcar sourcing roles at two very large shippers,” Andy Vestergaard, CEO of MUL Railcars, said. “Brad has expert knowledge in new car acquisition as well as remarketing activities. We all look forward to the contributions Brad will make to the team.”

MUL Railcars is based in Portland, OR, and is a rail operating lessor servicing railroads, shippers, suppliers, distributors and utilities throughout the U.S.