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.
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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.
For more information please contact: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
Kevin Bahnlineat 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
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Open Top Hopper Cars
- 3,235 cfc
- 1988 Built
- Bulk Commodity
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.
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.
RAIL COMMENTARY
Unlock Pockets Of OpportunityThe Global economy is projected to contract 4.9% in 2020, with World merchandise traffic falling 13 to 32% and a 50 to 60% decline in air passenger revenue miles. In response, more than two-thirds of .. Read More
Market Realities Transform Transportation InvestmentLiquidity buffers, loans, restructuring operations, cost savings. As the pandemic lingers it continues to depress economic activity. The drop in passenger traffic is driving air carriers t.. Read More
Identifying Midyear OpportunitiesAviation and rail equipment lease rates and equipment values are stressed as operators adjust equipment capacity to meet current levels of demand (and adjust to the Class One Roads implementation of P.. Read More
As Demand Recovers, What’s On The Horizon?Domestic economies are beginning to reopen as evidenced by the number of TSA airport security screening checks. They totaled 87,534 April 14th and by May 25th had tripled to 257,451. “We.. Read More
Freight Demand Sustains Transportation Equipment InvestmentAir cargo represents less than one percent of global trade by tonnage but amounts to $6 trillion worth of goods moved every year... Read More
Headwinds & Heads-Up for Bank-Owned Rail PortfoliosWhen a National Bank invests in personal property, the Code of Federal Regulations, Title 12 Part 23, and the Office of the Comptroller of the Currency provides regulatory investment guidelines... Read More
RESIDCO’s size and wholesale capability is a competitive advantage. It can respond quickly and flexibly to ever changing market conditions.
70 W Madison, Suite 2200
Chicago IL 60602 – 4275
Recent Posts
Unlock Pockets Of OpportunityAugust 4, 2020 - 9:31 amThe Global economy is projected to contract 4.9% in 2020, with World merchandise traffic falling 13 to 32% and a 50 to 60% decline in air passenger revenue miles. In response, more than two-thirds of governments across the world have scaled up fiscal support with budget measures now standing at 6% of GDP on average. […]
Market Realities Transform Transportation InvestmentJuly 15, 2020 - 6:25 pmLiquidity buffers, loans, restructuring operations, cost savings. As the pandemic lingers it continues to depress economic activity. The drop in passenger traffic is driving air carriers to constantly adjust network flight schedules and evaluate equipment needs and workforce reductions. United is exploring the possibility of a fall workforce reduction and American is considering similar plans. […]
Identifying Midyear OpportunitiesJuly 6, 2020 - 12:00 pmAviation and rail equipment lease rates and equipment values are stressed as operators adjust equipment capacity to meet current levels of demand (and adjust to the Class One Roads implementation of Precision-scheduled railroading “PSR”). In the near term, lessees are focused on ensuring the sustainability of their business by attempting to defer new delivery commitments […]