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
Precision Scheduled Railroading (“PSR”) – A Freight Transportation DisruptorPrecision Scheduled Railroading’s Various Effects The S&P 500 posted its best first half in 22 years. US Job openings outnumber the unemployed by widest gap ever. The U.S. economy co.. Read More
Economic Uncertainties?Total carloads were down 8.9% in March while carloads for the first quarter were down 3.1%. Year-to-date coal is down 8.1%, grain down 5.2%, chemicals down 1.2%, and intermodal down 1.8%. .. Read More
The Goal: Driving Up Asset UtilizationPast Challenges Before Hunter Harrison, the prevailing view was more locomotives, more railcars, and more crews allow for the movement of more volume. But because track and yard capacity is finite, ad.. Read More
Robust Growth Drives Traffic – Belies Trade TensionsTransportation plays a fundamental role in global market integration. The traffic flows of trading nations affect the structure and location of manufacturing facilities, the frequency of trips, distan.. Read More
Top Categories Drive Rail Investment OpportunitiesRail freight transportation has grown over time with the expansion of the population and economic activity in the U.S. The markets are dynamic. Freight demand is driven primarily by the geographic dis.. Read More
Rail Traffic – Simple Answers?Rail Traffic Landscape AAR statistics demonstrate rail freight traffic volumes correlate closely with changes in overall GDP (except for grain, coal, and crude oil product movements, which are not tie.. 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
Implementing ASC 842 New Lease Accounting Proves Complex & SignificantSeptember 20, 2019 - 10:00 amA new leasing standard The Financial Accounting Standards Board (FASB) issued its new leasing standard, Accounting Standards Update (ASU) No. 2016-02, Leases (ASC 842), in February 2016. It’s bringing $2 trillion of operating leases onto public company balance sheets, affecting the entities that enter into lease arrangements or sign contracts containing service agreements that support […]
Storms on the Horizon – Navigating UncertaintySeptember 2, 2019 - 9:00 amMounting Trade Concerns Slow Supply Chains Brace for slower economic growth. Freight volumes in the United States and around the World are falling due to escalating trade tensions and an uncertain future. Most recessions have been brought on by mistakes in some combination of fiscal, monetary or financial supervision. Former Fed Chairman Ben Bernanke once […]
Precision Scheduled Railroading (“PSR”) – A Freight Transportation DisruptorAugust 7, 2019 - 1:00 pmPrecision Scheduled Railroading’s Various Effects The S&P 500 posted its best first half in 22 years. US Job openings outnumber the unemployed by widest gap ever. The U.S. economy continues to expand (2.1% in the Second Quarter). Yet U.S. Domestic rail freight volumes are down. Chinese challenges to the Western Global Trading System certainly are […]