Midwest Railcar Presents Annual Awards
At Midwest Railcars annual meetings held in late November, Rick Folio(right)
was awarded the 2012 Presidential Award for Excellence. Folio, who started
with Midwest in April of 2003....>More<
FULL SERVICE LEASE:
Short or long term lease of railcars whereby Midwest Railcar Corporation
will handle all aspects of the railcars including maintenance of the railcars,
filing and payments of ad-valorem taxes and property insurance.
Short or long term lease of railcars whereby the Lessee is responsible for
handling the maintenance, ad-valorem and property insurance relating to the railcars.
PER DIEM LEASE:
A form of full service lease whereby Midwest Railcar Corporation will lease
railcars to a Class I, II or III railroad and such railroad would not be responsible
for paying any rent relating to the railcars nor be responsible for the maintenance
but rather Midwest Railcar Corporation would collect all car-hire hourly and mileage
rentals that such railcars would earn while off-line. This type of lease allows the
railroad to lease railcars without any rent expense associated with the railcars while
receiving freight revenues from loading the railcars.
RAIL FLEET PURCHASE & LEASEBACK:
Midwest Railcar Corporation will work with you and your company to establish
a solution to purchase your railcars and lease them back to you, on either a
Full Service Lease or a Net Lease.
Midwest Railcar Corporation will also purchase your railcars if they have
become surplus or obsolete to your needs. Alternatively, if you have surplus
or obsolete railcars but are restricted from selling them, Midwest Railcar
Corporation can add value to your company by remarketing your railcars to
another end user on a sublease basis which will help you to minimize your costs
on a surplus and or obsolete fleet of railcars.
MAINTENANCE, FLEET & ADMINISTRATIVE SERVICES:
Maintenance: To ensure that each car meets the specifications
of each customer requirement, Midwest Railcar will inspect each railcar as well
as put each railcar through a shop program to be cleaned and repaired if necessary
prior to the railcar entering your service. Consistent with the themes of quality
and integrity as detailed in our Mission Statement, Midwest Railcar Corporation
believes that attention to quality in this manner will add value to you by
consistently maximizing your railcar fleet utilization while consistently minimizing
your out of service time which will help you to maximize your sales and in turn
lower your railcar fleet cost.
Management & Administrative Services provided to Railcar Fleet Owners or Railcar Users
AAR registration and submissions
State property tax management, including the filing of annual reports
AAR repair auditing and accounting
Manage and Audit 3rd party maintenance
Rail car inspections