TOKYO -- Japan's Fuyo General Lease will enter the North American freight car leasing business, planning to acquire 50% of the shares of Southwest Rail Industries, a U.S. company wholly owned by the local arm of Japanese trading house Sojitz.
Transportation
Japan's Fuyo Lease to enter US freight car leasing with Sojitz deal
North American tank car demand expected to grow amid rise in crude oil production
Fuyo General Lease will acquire 50% of the shares of Southwest Rail from Sojitz's U.S. arm. (Source photos obtained by Nikkei)
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