As a result of an ownership change in April, Mitsui Rail Capital rebranded as Modern Rail Capital. Along with the name change, the Chicago-based railcar lessor has a new logo, color scheme and website.

“With this name change, we aim to embrace a fresh identity that reflects our growth, adaptability and forward-thinking approach,” Kevin Cook, president of Modern Rail Capital, said. “MRC embodies the essence of our company’s values and our relentless pursuit of excellence with focus on our customers, and that comes from a modern approach to railcar leasing.”

Modern Rail Capital was consolidated under one parental entity earlier this year when JA Mitsui Leasing Capital acquired full ownership from Mitsui. The deal became official on March 31.

“We are immensely grateful for our customers’ loyalty,” Bryan F. Vaughan, vice president of sales, marketing and business development at Modern Rail Capital, said. “Understanding our customers’ markets and responsiveness to their needs are core to our business. This new chapter, streamlined under one parental entity, will support our core competencies as well as our corporate goal of helping to keep commerce moving.”