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
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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.
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
Maintenance Management – Protecting Aero and Rail Asset ValuationsMost Aircraft operating leases provide that the lessee is responsible for maintaining leased aircraft to required industry standards. To ensure flight safety the FAA issues Airworthiness Directives (A.. Read More
Demand Continues to Drive Equipment InvestmentPent up demand from pandemic lockdowns. Government stimulus ($5 Trillion). The Fed’s past abnormally low interest rate policy. These are the causes of the current distortions in economic activity. U.. Read More
Clean Energy Goal Challenges – Aero & Rail Equipment PlanningLocomotives, typically classified as 50-year assets, are primarily electrically driven. Despite the common label as ‘diesels,’ they are better described as ‘hybrid-electric’ ve.. Read More
Aero & Rail Operations – Managing Investment RiskWeight and balance limits of aircraft are crucial for ensuring flight safety. Incorrect weight distribution significantly impacts flight performance, and neglecting or performing incorrect preflight c.. Read More
Aero & Rail Leasing Opportunities ImproveOn March 23rd, 2023, the Federal Reserve voted unanimously1 to raise the interest rate paid on reserve balances by a quarter of a percentage point to 4.9%, marking the highest level since 2007. Althou.. Read More
Constrained Supply Bolsters Equipment Rent & ValuesAfter increasing 3.2% in the third quarter year, the U.S. economy grew at a 2.9% annual rate in last year’s fourth quarter. The Federal Reserve’s preferred price index slowed to 3.2%. Inflation ap.. 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
Maintenance Management – Protecting Aero and Rail Asset ValuationsSeptember 22, 2023 - 8:00 amMost Aircraft operating leases provide that the lessee is responsible for maintaining leased aircraft to required industry standards. To ensure flight safety the FAA issues Airworthiness Directives (ADs) and aircraft manufacturers issue Service Bulletins (SBs). ADs are legally enforceable regulations meant to correct unsafe conditions. Airframes, engines, avionics, and other aircraft components (landing gear, auxiliary […]
Demand Continues to Drive Equipment InvestmentSeptember 12, 2023 - 8:00 amPent up demand from pandemic lockdowns. Government stimulus ($5 Trillion). The Fed’s past abnormally low interest rate policy. These are the causes of the current distortions in economic activity. U.S. annual Core consumer price inflation remains high, 5.3%[1]. Wage growth continues. American Airlines pilots agreed to a new contract that boosts pay by 21% in […]
Clean Energy Goal Challenges – Aero & Rail Equipment PlanningJune 5, 2023 - 12:00 pmLocomotives, typically classified as 50-year assets, are primarily electrically driven. Despite the common label as ‘diesels,’ they are better described as ‘hybrid-electric’ vehicles. This is because their diesel engine powers an alternator which generates the electricity required to operate the electric traction motors mounted on the locomotive’s axles. As reported by the American Association of […]