Our Global Presence

Mitsui Rail Capital, LLC is a subsidiary of Mitsui & Co., Ltd. – a leading trading and global investment company in Japan with roots dating back to the 15th century. Operating through 15 diverse business units, Mitsui companies are active in a wide range of consumer goods manufacturing and distribution; biotechnology; marine and aerospace technology; commodities trading; telecommunications; iron and steel production, and; logistics and transportation among others. With more than 48,000 employees in 142 offices in 66 countries and 426 subsidiaries and associated companies worldwide, Mitsui & Co., Ltd. (“Mitsui”) is one of the world’s largest integrated trading companies.

In 1996, Mitsui entered the U.S. railcar leasing business with the goal of combining the worldwide capabilities and financial advantages of Mitsui & Co. with an agile, customer-focused railcar leasing and services company. With Mitsui’s acquisition of Unitrain from MidAmerican Energy in 1998, MRC was founded. The acquisition served as a springboard into railcar leasing, and logistics services. Today, MRC continues the hands-on service that has enabled the company to become a major player in the railcar leasing industry.

Mitsui’s strategy is based on developing high-value-added operating-lease services that incorporate Mitsui’s unique capabilities and business experience in financial management, logistics management and information management. Mitsui has been active in global railway projects, developing its railway leasing and service capabilities as a core business over the past decades. Mitsui Rail Capital has an established presence with a global fleet that includes more than 250 locomotives and 17,000 railcars, operating in the United States, Europe and South America.

Mitsui Rail Capital Europe

Mitsui Rail Capital Europe B.V. (MRCE) was established by Mitsui & Co., Ltd. & Mitsui & Co. Europe Plc. (in U.K.). in 2004. MRCE began locomotive leasing operations in October 2004. Mitsui integrated the former Siemens Dispolok GmbH in 2006, and is now the European market leader in locomotive leasing and service.
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Mitsui Rail Capital Latin America (MRCLA)

Mitsui Rail Capital Latin America (MRCLA) was established by Mitsui & Co., Ltd. and began providing railcar leasing services in 2004. MRCLA’s main area of activity is the leasing of freight wagons (railcars), particularly for iron ore and agricultural products. The company’s main customers are the Brazilian railway freight companies Vale, ALL Group, and Brazil Ferrovias Group.

Management

The foundation of any successful relationship starts with the customer experience. At Mitsui Rail Capital, LLC (MRC), we hire the brightest and most-capable individuals, with railcar industry experience and a proven dedication to putting the customer first.

We listen carefully and focus on solutions to improve efficiency, reliability and reduce costs. Our customers have come to rely on our insights and depth of resources to deliver them the right services and equipment at the right time and price.

Dan Penovich

Dan Penovich

President

Dan has 30 years of experience leading teams in the railcar industry and has long standing relationships with many of Mitsui Rail Capital’s valued clients. In previous roles he served as Vice President Sales & Marketing at MRC, Vice President/Executive Director at GATX, leading sales activities and business development, and has also held sales positions at Union Tank Car Company and North American Car Company.
Tomoyuki Moriyama

Tomoyuki Moriyama

Executive Director

Moriyama has over 20 years of experience in various positions in Mitsui & Co, Ltd., and subsidiaries, including extensive knowledge in the transportation industry. He is responsible for executive oversight of MRC and its strategic alignment with Mitsui & Co., Ltd. Moriyama has been involved with the railway business for more than 20 years.

Chris Herrman

Chris Herrman

Vice President Finance & Treasurer

Chris joined MRC in 2012 and is responsible for finance and accounting activities. Prior to MRC, he served as the CFO of a technology development organization serving the energy markets. Chris began his career in commercial finance holding credit and sales roles at Merrill Lynch Capital, Heller Financial and LaSalle Bank.

Peter Jones

Peter Jones

Vice President of Business Development

Vice President of Business Development Peter leads MRC’s new business development efforts and supports Mitsui’s global efforts to expand rail transportation services. Peter works closely with our sister companies and Mitsui & Co., Ltd. Peter has a Bachelor’s degree in Mechanical Engineering and Masters in Rail Systems Engineering.

Robin Anderson

Robin Anderson

Vice President of Operations

Robin is responsible for fleet operations and mechanical and logistics services and all mechanical management services. Robin also serves on MRC’s management team. Robin has over 20 years of experience in the railcar maintenance area and has a Bachelor’s degree in Accounting.

Chris Gerber

Chris Gerber

Vice President of Sales & Marketing

Chris has 30 years commercial and operating experience in the railcar industry. He has strong relationships with Class I, Short Line railroads and shippers throughout the U.S., Canada and Mexico. Chris previously held sales and sales leadership roles at Itel Rail, GE Capital Railcar, GE Fleet, GE TIP and multiple operating positions at BNSF.

Scott Carroll

Scott Carroll

Director of Sales & Marketing

Scott is responsible for leading the sales and marketing activities for the southern Midwest and western states, as well as Canada. He brings ten years of sales experience to the MRC Sales Group with four years spent in the railcar leasing market.

Jason Lutz

Jason Lutz

Director of Sales & Marketing

Jason is responsible for the eastern half of the U.S. and Mexico.  Jason brings 18 years of industrial sales and marketing experience with the last five years in rail tank car equipment. He most recently served as National Sales Manager at OPW-Midland Manufacturing where he was in charge of sales and customer service for North America.

Tod McCrea

Tod McCrea

Manager, Commercial Operations

Tod joined MRC in 2005 and is responsible for daily fleet operations activities including all owned and managed railcar fleets. Tod also provides customer support for OnTrax, MRC’s proprietary web-based logistics support tool. Tod has extensive knowledge of coal logistics and rail transportation, working with some of the country’s largest utilities.

Maria Lopez

Maria Lopez

Customer Service Representative

Maria is responsible for supporting daily fleet operations activities as well as customer support for MRC’s fleet and OnTrax logistics services. Maria has over eight years of rail experience, which she acquired previously at GE Rail and Electro Motive Diesel.