American Industrial Transport, an affiliate of ITE Management, completed the acquisition of certain of the railcar assets and operations formerly owned by rail leasing company SMBC Rail Services. read more

DEC 15, 2023 - 6:50 am

An affiliate of ITE Management, an investment firm specializing in industrial transportation assets and infrastructure, agreed to acquire rail leasing company SMBC Rail Services from SMBC Americas Holdings, a member of Sumitomo Mitsui Financial Group. read more

NOV 8, 2023 - 7:17 am

SMBC Rail Services promoted Tina Beckberger to senior vice president of leasing. Beckberger, who served as vice president of portfolio management for SMBC Rail Services for the last five years, will lead the company’s commercial and customer service teams. read more

AUG 25, 2021 - 6:24 am

SMBC named Michael McCarthy president and CEO of SMBC Rail Services. McCarthy, who has served as a senior vice president at SMBC Rail Services for the last five years, will assume the role from Eugene Henneberry, who will retire, effective July 9. read more

MAY 4, 2021 - 6:50 am

Sumitomo Mitsui Banking’s railcar operating lessor and fleet management business, SMBC Rail Services, completed the acquisition of American Railcar Leasing. read more

JUN 2, 2017 - 6:05 am

Sumitomo Mitsui Banking’s railcar operating lessor and fleet management business, SMBC Rail Services, signed an agreement to purchase American Railcar Leasing from Icahn Enterprises. read more

DEC 20, 2016 - 7:35 am