RESIDCO is an industry leader in railcar leasing. As a highly experienced and sophisticated rail investor, we provide value to our lessees through net and full-service operating leases, lease restructurings, modifications, and fleet optimization projects. We integrate our wide knowledge of all freight car and locomotive types with custom financial structures as necessary to achieve the most competitive rent outcomes.
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Open Top Hopper Cars
RESIDCO currently has 3,235 cubic feet open top hoppers available for immediate sale or lease.
These units have recently been through a major modification program. RESIDCO worked with industry experts to engineer and modify a 1988 built, 100-ton bulk commodity aluminum hopper car.
All design, fabrication and construction of these newly modified 3,235 cfc railcars were performed in accordance with AAR guidelines.
For more information please contact:General Car Type
Specifications
Cubic Capacity
3,235 cfc
Builder/Year
Trinity/1988 Built
Service/AAR Type
Bulk Commodity/K345
Compartments
3 Pocket
Gate Style
Rapid Discharge
Unloading Process
Pneumatic/Manual
Max. Gross Load
268,000 lb.
Avg. Load Limit
221,700 lb.
Avg. Tare Weight
46,300 lb.
Kevin Bahnline at 312-726-4163 (Central/Midwestern US)
Mike Lewicki at 617-320-4878 (Eastern US)
Greg Schmid at 312-726-3441 (Managing Director)
Brian Harris at 847-732-3153 (Western US/Railroads)
REQUEST INFORMATION
AVAILABLE ASSETS
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Open Top Hopper Cars
- 3,235 CFC
- Trinity/1988 Built
- Bulk Commodity/K345
See detail >
CONTACTS
Greg Schmid leads RESIDCO’s rail team and oversees the management and remarketing of railcar and locomotive investments. Mr. Schmid is a railcar and locomotive equipment specialist, with over 20 years of creatively engaging the railroad industry with his market expertise.
Kevin is responsible for railcar marketing activity in the Central and Western United States. He has nearly 20 years of North American freight and passenger rail experience.
Michael Lewicki is responsible for railcar marketing activity in the Eastern and Southwestern United States. Mr. Lewicki has over 30 years’ experience in the North American freight railcar industry.
Brian is responsible for railcar marketing activity in the Western United States as well as most railroads around the country. Prior to joining RESIDCO he was President of C.K. Industries, an operating lease company acquired by RESIDCO through a joint venture in 2021. Mr. Harris brings over 20 years’ experience in the rail industry, including over a decade in operations at a major Class I railroad.
Freddy Fernandez
Director – Rail Operations & Portfolio Management
fernandez@residco.com
312-635-3146
Freddy joined RESIDCO in April 2024, bringing nearly 25 years of expertise in railcar leasing, sales, and operations. Prior to RESIDCO, he served as Senior Vice President of Equipment Management at Bank of America, where he managed the valuation and divestment of their railcar and locomotive inventory.
Freddy’s extensive experience includes senior management and M&A transition roles at CAI Rail, Wells Fargo, and Helm Financial Corporation, with a focus on fleet and mechanical optimization. As the operational team lead at RESIDCO, Freddy oversees portfolio management, risk mitigation, and customer engagement.
He holds a B.A. from the University of California, Berkeley.
RAIL LEASING
HISTORY
RESIDCO is a highly experienced and sophisticated rail investor, providing value to our lessees through both net and full-service operating leases. RESIDCO started in 1982 by syndicating and remarketing rail equipment for financial institutions, often toward the later years of long-term leveraged leases. We have since grown to have our own thriving operating lease business. We can attribute our expanding market presence to investing in quality assets, expedited execution, end-user market knowledge, extensive technical expertise, relationships with financial institutions, and customer-focused approach.
LOCOMOTIVE LEASING & LOCOMOTIVE SALES
RESIDCO has invested in and remarketed hundreds of locomotives over three decades. We have expertise in four and six axle locomotive marketplaces. RESIDCO has the skill to acquire assets, manage rebuild projects to customer specifications, and provide lease structures tailored to the needs of our lessees. We have invested in numerous locomotive types, including GP-38-2, MP-15, SD-75M, and SD-40-2 locomotives.
RAILCAR LEASING & RAILCAR SALES
RESIDCO’s strength lies in our willingness to take a wide variety of positions in railcar types to serve our customers. We have remarketed, syndicated, or invested in thousands of freight cars representing every major car type since our inception in 1982. Our fleet of 8,000 rail cars includes small, medium, and high cube covered hoppers for grain, plastics, and other commodities; low and high sided steel gondolas; 286k high-capacity coal hoppers and gondolas; and a wide variety of general purpose tank cars and tank cars for acid service.
RESIDCO – A SOPHISTICATED METAL PLAYER
While there are many different types of leasing companies in the rail industry, few are true “metal” players like RESIDCO. Our skill and willingness to acquire freight cars and locomotives without a lease encumbrance set us apart. We also offer fleet optimization solutions through trading programs whereby we will acquire a client’s unwanted cars and supply alternative equipment that more effectively meets their needs. We work diligently to repair or modify and place available equipment using our knowledge of the inner lessee marketplace, thereby providing incremental value to this critical industry.
RAIL INSIGHTS
Aero and Rail Investments Post-Election Prospects Remain BrightThe IMF expects the U.S. economy to grow 2.5% in the fourth quarter. Business investment, ample energy supplies, and consumer spending have led to increased productivity. After the Fed cut interest ra.. Read More
Mid-Life Aero and Rail Equipment Delivering Higher YieldsFor the third quarter of 2024, the Federal Reserve Bank of Atlanta’s “GDPNow” model is estimating real U.S. GDP growth of 2% (a seasonally adjusted annual rate)[1]. July’s World Econom.. Read More
Fall Election Risk Impact on Aero and Rail1600 Pennsylvania Avenue. What are markets anticipating? Interest rates, Inflation risk, Global unrest, Trade barriers, Government spending, a new Democratic nominee, or a second Trump presidency? W.. Read More
Strong Secondary Markets Drive Aero and Railcar InvestmentThe U.S. economy expanded 2.5% in 2023 (3.4% in Q4). While growth slowed to 1.6% in 2024’s Q1[1] the International Monetary Fund expects U.S. GDP to expand 2.7% in 2024, up from their Octo.. Read More
New Equipment Quality Control Issue, Bolsters Demand for Midlife AircraftMoving pieces. Third Quarter U.S. GDP growth was revised down to 4.9% from November’s 5.2% second estimate. The National Association for Business Economics is expecting 2024 GDP growth to slow to 1%.. Read More
A Soft Landing ArrivesThe Fed’s preferred inflation measure, the core personal consumption expenditures price index (“PCE”) fell to 1.9% in November. This latest data confirms inflation is slowing. On a year-over-yea.. Read More
RESIDCO’s size and wholesale capability is a competitive advantage. We respond quickly and creatively to ever-changing market conditions.
70 W Madison St, Suite 2200
Chicago IL 60602 – 4275
Recent Posts
Aero and Rail Investments Post-Election Prospects Remain BrightNovember 5, 2024 - 5:55 pmThe IMF expects the U.S. economy to grow 2.5% in the fourth quarter. Business investment, ample energy supplies, and consumer spending have led to increased productivity. After the Fed cut interest rates by half a percentage point in September economists are generally positive. The Conference Board’s leading economic index indicates continued moderate growth for the […]
Mid-Life Aero and Rail Equipment Delivering Higher YieldsSeptember 11, 2024 - 4:03 pmFor the third quarter of 2024, the Federal Reserve Bank of Atlanta’s “GDPNow” model is estimating real U.S. GDP growth of 2% (a seasonally adjusted annual rate)[1]. July’s World Economic Outlook Update expects the U.S. GDP to grow by 1.9% in 2025[2]. The Bureau of Labor Statistics (“BLS”) Consumer Price Index for all urban consumers, (CPI-U) […]
Fall Election Risk Impact on Aero and RailAugust 5, 2024 - 6:05 am1600 Pennsylvania Avenue. What are markets anticipating? Interest rates, Inflation risk, Global unrest, Trade barriers, Government spending, a new Democratic nominee, or a second Trump presidency? Will there be a pro-business climate after the election, less regulation, more drilling, continued tax cuts, and lower interest rates? Recall the 2017 Tax Cuts and Jobs Act cut the corporate tax […]