Feb 4, 2025 | Company News, News
ATEL Leasing Corporation has solidified its position as one of the Top 20 railcar lessors in North America, according to Progressive Railroading and the Official Railway Equipment Register. With a fleet serving a diverse range of industries, ATEL plays a critical role in supporting the logistics and transportation needs of some of the world’s largest companies.
ATEL’s railcars are leased to leading shippers such as Dow Chemical, BASF, Archer Daniels Midland, Cargill and ExxonMobil, as well as Class 1 railroads like Union Pacific and BNSF Railway. By offering flexible leasing solutions, ATEL enables these and other businesses to adapt to shifting market conditions while ensuring seamless and efficient transportation.
ATEL’s fleet supports the transportation of aggregates, cement, agricultural products, fertilizer, food, intermodal freight, lumber, forest products, paper, rolled steel and scrap, plastics, and construction materials. With a commitment to reliability, efficiency, and strategic flexibility, ATEL continues to be a trusted partner in railcar leasing, helping major businesses move essential goods across North America.
While railcars are a significant part of ATEL’s leasing portfolio, they are just one of many essential asset types the company finances. ATEL’s expertise spans everything from forklifts and heavy machinery to aviation, marine, and industrial equipment, ensuring many types of business are able to maintain the capital and flexibility to keep operations running efficiently.
With decades of expertise in railcar leasing and equipment financing, ATEL provides value beyond leasing alone. The company’s comprehensive solutions include mechanical support, maintenance and repair services, and logistics expertise, ensuring customers receive a turnkey approach to fleet management. ATEL’s leasing options include net and full-service operating leases, lease restructurings, and customized modifications to fit the unique needs of each client.
Find out more about the full breadth of ATEL’s equipment leasing solutions, here.
Feb 3, 2025 | Company News, News
ATEL Leasing Corporation has agreed the lease financing of essential capital equipment for multiple Berkshire Hathaway subsidiaries, reinforcing its role as a trusted partner for industry-leading companies.
Led by famed investor Warren Buffett, Berkshire Hathaway is one of the world’s most influential holding companies, with a market capitalization exceeding $715 billion. The company owns a diverse portfolio of private businesses and holds significant investments in publicly traded firms, including Apple, Coca-Cola, and American Express.
As part of this financing, ATEL provided lease funding for Freightliner over-the-road tractors to Shaw Industries, the world’s largest carpet manufacturer. Headquartered in Dalton, Georgia, Shaw produces over 3,000 styles of tufted and woven carpet and laminate flooring for residential and commercial markets under approximately 30 brand names, as well as private labels. This financing supports Shaw’s expansive logistics network, ensuring the company can efficiently deliver its products across the country.
ATEL also provided financing to McLane Company, another Berkshire Hathaway subsidiary and one of the largest wholesale distribution and logistics service providers in the world. Operating in all 50 states, McLane serves major retailers, convenience stores, quick-service restaurants, and other businesses. ATEL’s lease financing included Crown material handling equipment, such as forklifts, reach trucks, order pickers, and pallet jacks, helping McLane optimize operations at its distribution centers.
This collaboration highlights ATEL’s expertise in customized lease financing for essential-use equipment, supporting businesses across industries with the capital solutions they need to scale and operate efficiently.
Find out more about the full breadth of ATEL’s equipment leasing solutions, here.
Oct 31, 2024 | Company News, News
ATEL Capital Group is pleased to announce the launch of Ijarah, a joint venture with Aljazira Capital and Guidance Group to provide Shariah-compliant operating lease solutions to companies in Saudi Arabia.
Guidance Group has more than 50 years of operational history in the Middle East and contributes specialized investment and financing expertise to the partnership. Aljazira Capital, a leading Saudi investment firm and subsidiary of Bank Aljazira will provide a new Shariah-compliant investment opportunity to its clients. Together, the partners are set to drive value for qualified businesses across Saudi Arabia by providing essential equipment leasing solutions through Ijarah.
Ijarah is the first company to provide Shariah-compliant operating leases of essential equipment in Saudi Arabia. This joint venture aims to offer corporate clients innovative, Shariah-compliant leasing solutions, addressing the growing demand for flexible financing options in key economic sectors across the Kingdom.
Commenting on the joint venture, Dean Cash, Chairman and CEO of ATEL Capital Group, said: “We are thrilled to bring our decades of expertise in equipment leasing to Saudi Arabia through our collaboration with Aljazira Capital and Guidance Investments. Launching “Ijarah” represents a unique opportunity to support the Kingdom’s ambitious economic goals, offering Shariah-compliant operating lease solutions that align with ATEL’s mission to foster sustainable growth in international markets. We look forward to meeting the needs of businesses across Saudi Arabia and continuing our long-term presence in the region.”
Naif Almesned, CEO and Managing Director of Aljazira Capital, expressed enthusiasm for the partnership: “By joining forces with ATEL Capital Group and Guidance Investments, we’re positioned to leverage our collective strengths and capitalize on Saudi Arabia’s dynamic economic growth. This initiative venture, launched during the week of Future Investment Initiative 8th Edition conference in Riyadh, is a testament to our commitment to Saudi Vision 2030. Through “Ijarah” we are focused on fostering economic diversification, promoting sustainable growth, and providing the Kingdom with innovative, Shariah-compliant financial solutions.” Mohamad Hammour, Chairman of Guidance Investments, also shared his perspective: “Our partnership with Aljazira Capital and ATEL Capital Group marks an important milestone in advancing Shariah-compliant financing in the Middle East. We are committed to providing tailored investment solutions that drive growth and align with the core values of our clients. “Ijarah” not only supports Saudi Vision 2030 but also reflects our dedication to expanding access to diversified, Shariah-compliant investment options in the region. We are excited to contribute our knowledge and experience to this exciting venture.”
Mohamad Hammour, Chairman of Guidance Investments, also shared his perspective: “Our partnership with Aljazira Capital and ATEL Capital Group marks an important milestone in advancing Shariah-compliant financing in the Middle East. We are committed to providing tailored investment solutions that drive growth and align with the core values of our clients. “Ijarah” not only supports Saudi Vision 2030 but also reflects our dedication to expanding access to diversified, Shariah-compliant investment options in the region. We are excited to contribute our knowledge and experience to this exciting venture.”
