Mitsubishi UFJ Lease & Finance Company Limited announced that it opened an MUL Railcars Inc. office in Portland, Oregon. The new office serves as the base of operations for the Company's railcar leasing business in the U.S. MUL has steadily expanded its railcar business primarily through a strategic business alliance with The Greenbrier Companies Inc. ('GBX'), a U.S. based leading international builder and supplier of railcar equipment and services. In order to keep pace with the growth of MUL's rail business in the U.S., the Company has committed to the establishment of a fully staffed office dedicated to its independent rail car leasing activity.

Mr. James T. Sharp has been appointed as the President and CEO of MULR. Mr. Sharp has extensive executive experience in railcar leasing, including multiple senior executive roles at GBX.