Leasing units?

[Anonymous]

Max.. most all of our locomotives are leased. The 60's the 15's the 38's.... we maintain all of them.

[CSSHEGEWISCH]

J. Paul Getty (one of the first oil billionaires) is reported to have once said, "Own what appreciates, lease what depreciates". While this may be a bit simplistic, there is a grain of truth in it, which may explain why airlines, railroads and even shipping lines have much of their equipment in long-term leases rather than direct ownership.

IBM was often taken to task in the past for insisting that its customers lease rather than buy mainframe computers, but when you consider how quickly computers become obsolescent, they may have been on the right track.

[Anonymous]

Dude, they are not turning UP SD90MAC's into KCS, are they? KCS is really gettin into the new big power thing. I'm trembling.

QUOTE: Originally posted by rrandb

A recent example of this is the (I beleive) SD90MAC's turned in by UP. I saw 3 of them at Midwest Car in primer about to be painted in KCS colors. Many railroads want to retain there cash for badly needed capital improvements and leasing helps them do this. I doubt if it will take fifty years for more railroads to lease engines than own them outright if they do not do so already.[2c] as always ENJOY.

[rrandb]

Those ex-UP units are all over the engine yard here in Kansas City. With some already in primer and others with a line thru the Union Pacific lettering I would say it will not be long till they are all Grey with Red lettering. The question is whether they are KSC or TFM?[?] As always ENJOY