Railcar Assets Leasing and Sales

RESIDCO is a highly experienced and sophisticated rail investor, providing value to our lessees through net & 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.

  • Steel Rotary Gondolas

    RESIDCO currently has 4485 cu ft. rotary steel flat bottom gondolas available for immediate lease. These 1984 built units have recently been through a modification program where the car was “stretched”. RESIDCO worked with industry experts to engineer and design this modification. All design, fabrication, and construction of this newly modified 4000 cfc railcar were performed in accordance with all AAR guidelines. These unique units also have custom covers that can be made available for safe and secure shipment of your commodity. RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

  • Covered Hoppers

    RESIDCO currently has 4000 cfc. Covered Hoppers available for immediate lease.

    These 1979 Portec built cars are equipped with trough style hatches and gravity gates that allow for ideal loading and unloading. The units are 263,000 GRL and have partial linings which are perfect for abrasive and corrosive environments.

    The units are in good structural condition and will provide safe and efficient transportation for a wide variety of different commodities.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    4,000 cfc

    Builder/ Year

    Portec / 1979- 80

    AAR Type

    C113

    Compartments

    3 Pocket

    Gate Style

    Gravity

    Max. Gross Load

    263,000 lbs

    Avg. Load Limit

    198,000 lbs

    Avg. Tare Weight

    65,000 lbs

    Outside Length

    57.5 ft.

    Outside Extreme Width

    10 ft. 5 in

    Outside Extreme Height

    14 ft. 9 in

    Truck Center Length

    43 ft. 1 in

    Lining

    Partial/ Synthetic

    For more information please contact:

    Kevin Bahnlineat 312-726-4163 (Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Open Top Hopper Cars

    RESIDCO currently has fifteen (15) 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 this newly modified 3235 cfc railcar were performed in accordance with all AAR guidelines.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    5,800 cfc

    Builder/ Year

    Trinity/ 1988

    Service / AAR Type

    C214

    Compartments

    4 Pocket

    Gate Style

    Pneumatic

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    202,400 lbs

    Avg. Tare Weight

    65,600 lbs

    For more information please contact:

    Kevin Bahnlineat 312-726-4163 (Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Covered Hoppers

    RESIDCO currently has (50) new 5,431 cfc Covered Hoppers available for immediate lease.

    This modern railcar will allow shippers and railroads maximum carrying capacities versus other older assets. While this 5,431 cfc railcar is larger in size and capacity compared to other standard cars, the industry leading light weight design ensures maximized payload capability for each commodity. These railcars were also built with a large 42”x 42” gate for optimal and efficient unloading.

    With the lightweight design this railcar will allow for a 225,000 load limit which translates into the lowest freight cost per bundle.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    5,800 cfc

    Builder/ Year

    Trinity/ 1988

    AAR Type

    C214

    Compartments

    4 Pocket

    Gate Style

    Pneumatic

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    202,400 lbs

    Avg. Tare Weight

    65,600 lbs

    Outside Length

    64 ft. 8 in

    Outside Extreme Width

    10ft. 8in

    Outside Extreme Height

    15 ft. 6 in

    Truck Center Length

    42ft. 8 in

    For more information please contact:

    Kevin Bahnline at 312-726-4163 (Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Covered Hoppers

    RESIDCO currently has 5800 cu ft. Plastic Pellet hoppers available for immediate lease.

    These hopper cars were designed especially for dry bulk loading. The hoppers are each equipped with pneumatic ACF 5135 discharge gates designed for efficient unloading. Complete loading is assured with two 20” diameter hatches located on the center line over each of the two centers hoppers and three 20” diameter hatches located over each of the large end hoppers.

    Cars were built with vibrator brackets, have Barber S-2 wheel trucks and have been freshly lined in 2011 with Carboline 992.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    5,800 cfc

    Builder/ Year

    Trinity/ 1988

    AAR Type

    C214

    Floor Design

    4 Pocket

    Gate Style

    Pneumatic

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    202,400 lbs

    Avg. Tare Weight

    65,600 lbs

    Outside Length

    64 ft. 8 in

    Outside Extreme Width

    10ft. 8in

    Outside Extreme Height

    15 ft. 6 in

    For more information please contact:

    Kevin Bahnline at 312-726-4163 (Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Steel Rotary Gondolas

    RESIDCO currently has 4000 cu ft. rotary steel flat bottom gondolas available for immediate lease.

    These 1985 built cars have been maintained to the highest industry standards and have only been used in rotary service since built. The heavy duty cross members and side posts were designed and built to eliminate the need for interior bracing while maximizing loading capability.

    The cars were built with Barber S-2 wheel trucks and body mounted air brake piston. All cars are centrally located in the Midwest and are available for immediate inspection or delivery.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    4,000 cfc

    Builder/ Year

    Hawker Sidley/ 1985

    AAR Type

    J303

    Floor Design

    Flat Bottom

    Rotary Coupler

    A side

    Lining Material

    Synthetic

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    212,600 lbs

    Avg. Tare Weight

    55,400 lbs

    Outside Length

    58 ft. 7 in

    Outside Extreme Width

    10ft. 8 in

    Outside Extreme Height

    11 ft. 10 in

    For more information please contact:

    Kevin Bahnline at 312-726-4163 (Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Steel Rotary Gondolas

    RESIDCO currently has 4400 cu ft. rotary steel tub bottom gondolas available for immediate lease.

    These 1980’s built cars have been maintained to the highest industry standards and have only been used in rotary service since built. These heavy duty cars were designed and built to eliminate the need for interior bracing while maximizing loading capability.

    The cars were built with Barber S-2 wheel trucks and truck mounted air brake piston. All cars are centrally located in the Midwest and are available for immediate inspection or delivery.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    4,400 cfc

    Builder/ Year

    Nat. Steel/ Early to Mid 1980’s

    AAR Type

    J312

    Floor Design

    Tub

    Rotary Coupler

    A side

    Lining Material

    Synthetic

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    214,300 lbs

    Avg. Tare Weight

    53,700 lbs

    Outside Length

    58 ft. 7 in

    Outside Extreme Width

    10ft. 8 in

    Outside Extreme Height

    12 ft. 4 in

    For more information please contact:

    Kevin Bahnline at 312-726-4163(Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

  • Covered Hoppers

    RESIDCO currently has 4,750 CFC Covered Hoppers available for immediate lease.

    These 1979-80 Pullman Standard and Thrall built cars are equipped with trough style hatches, gravity gates, and are ideally suited for many different commodities.

    The units are currently in the process of being upgraded to 268,000 GRL and are structurally and mechanically superior. The units are centrally loated in the Midwest.

    RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.

    General Car Type

    Specifications

    Cubic Capacity

    4,750 cfc

    Builder/ Year

    Pullman/ Thrall 1979-80

    AAR Type

    C113

    Compartments

    3 Pocket

    Gate Style

    Gravity

    Max. Gross Load

    268,000 lbs

    Avg. Load Limit

    203,000 lbs

    Avg. Tare Weight

    65,000 lbs

    Outside Length

    60 ft.

    Outside Extreme Width

    10 ft. 6 in

    Outside Extreme Height

    15 ft.

    Truck Center Length

    45 ft. 9 in

    For more information please contact:

    Kevin Bahnline at 312-726-4163(Central/Western US)

    Mike Lewicki at 617-320-4878 (Eastern US)

    Greg Schmid at 312-726-3441 (Managing Director)

REQUEST INFORMATION

AVAILABLE ASSETS

  • Open Top Hopper Cars

    • 3,235 cfc
    • 1988 Built
    • Bulk Commodity
    See detail >
  • Steel Rotary Gondolas

    • 4,000 cfc
    • 1985 Built
    • AAR Type - J303
    See detail >
  • Steel Rotary Gondolas

    • 4,400 cfc
    • 1980's Built
    • AAR Type - J312
    See detail >
  • Covered Hoppers

    • 4,750 cfc
    • 1979-80 Pullman Standard and Thrall built
    • AAR Type - C113
    See detail >

Contacts

Greg Schmid

Greg Schmid

Managing Director – Rail
schmid@residco.com
312-726-3441

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.

Residco: Kevin Bahnline

Kevin Bahnline

Director – Rail West
bahnline@residco.com
312-726-4163

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 portrait. Photo by Andrew Collings.

Mike Lewicki

Director – Rail East
lewicki@residco.com
617-320-4878

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.

Contact Us

RAIL LEASING

RAIL

RESIDCO is a highly experienced and sophisticated rail investor, providing value to our Lessee’s through both net and full service operating leases.  Since 1982 RESIDCO started 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. One can attribute our expanding inner market presence to investing in quality assets, expedited execution, end user market knowledge, extensive technical expertise, financial institution relationships and putting our lessees first.

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 a lease structure that meets the needs of our lessees. We have invested in numerous locomotive types, including GP-38-2’s, MP-15’s, SD-75M, and SD-40-2 locomotives, for example.

RAILCAR LEASING & RAILCAR SALES

RESIDCO’s strength is our willingness to take a wide variety of positions in rail car types to serve our customers. We have remarketed, syndicated or invested in thousands of freight cars representing every major car type since we began in 1982. Our fleet of 7000 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; as well as a wide variety of General Purpose Tank Cars & Tank Cars for Acid service.

RESIDCO – A SOPHISTICATED METAL PLAYER

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 often provide fleet optimization outcomes through trading programs. Acquiring a client’s unwanted cars and providing them with alternative equipment that more effectively meets their needs is a trading solution example. We work diligently to repair or modify and place available equipment using our knowledge of the inner lessee marketplace and thereby provide value added to this critical industry.

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