image of train car that holds liquid

know-how backed by global strength.

A strong foundation means even stronger results.

MUL Railcars is a full-service railcar leasing, maintenance and management company headquartered in Portland, Oregon. Our seasoned team is committed to meeting the rail shipping needs of North America — and to do so, has developed a variety of railcar and leasing solutions for industrial shippers and rail carriers like you.

Our fleet is new and continually expanding, on pace to reach our initial objective of 25,000 cars by 2020. This is possible thanks to our creativity, strong financial backing and our global business relationships.

We’re a subsidiary of the Mitsubishi UFJ Lease & Finance Company Limited (MUL) group of companies. MUL is a prominent global leasing company based in Tokyo, Japan, and publicly listed on the Tokyo and Nagoya Stock Exchanges, and a member of MUFG, one of the world’s largest financial companies. With the support of MUL, we’re able to offer more than the latest railcars, we’re also able to offer the services and security that you can rely on for the long term.

Our Leadership Team

JT Sharp,


J.T. Sharp has nearly 40 years of executive experience in transportation, leasing and rail asset management. During his career he has held management positions with Class 1 and shortline railroads as well as senior executive positions with rail operating lessors, industrial logistics management and a major railcar OEM and rail asset management firm. His focus has always been on building customer-centric, collaborative teams dedicated to integrity, reliability and consistent excellence.

Andy Vestergaard,

Chief Investment Officer

Andy Vestergaard has over 20 years of finance and leasing experience, having served in a progression of analytical, transaction leadership and business development roles across a variety of asset types. Andy was most recently head of structured finance for GATX, leading an investment team charged with adding new and existing railcars to the fleet.

MUL Railcars is a group company of Mitsubishi UFJ Lease & Finance Company Limited (MUL), a prominent global leasing company headquartered in Tokyo. MUL, incorporated in April 1971, focuses on leasing, installment sales, various types of financing, and international business. MUL’s principal shareholders are Mitsubishi Corporation, Mitsubishi UFJ Financial Group, Inc., MUFG Bank, Ltd., Meiji Yasuda Life Insurance Company, and Mitsubishi UFJ Trust and Banking Corporation. MUL, which employs more than 3,000 people worldwide, is publicly listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange. MUL is one of the largest leasing companies in Japan by assets. The MUL Group has a diverse business portfolio, offering leases and financial products in auto, real estate, rail car, vessels, aircraft engines, aircraft, and other capital equipment. For more information about MUL visit Mitsubishi UFJ Lease & Finance.