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Buying Railcars, then leasing them to railways.
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[quote]QUOTE: <i>Originally posted by CSSHEGEWISCH</i> <br /><br />Investing in free-running boxcar fleets was quite the rage in the mid to late 1970's, with per diem payments being the major source of income. Unequipped boxcars carried the reporting marks of various short lines and were free runners under the car service rules in effect. I'm not sure of all the particulars but the whole concept went bust after a couple of years. <br />[/quote] <br /> <br />It was a comment just like that one that someone sasid to me that got me curious about this whole thing in the first place. <br /> <br />They said something about how it was the trend and dendists and what no were going out and buying a railcar or two then leasing them out. <br /> <br />I guess it just doesn't happen any more where a person or two would just own a couple of their own cars and lease them out, it's all the big leasing companies now. <br /> <br />Anyone know how they track their cars from location to location? <br />Is there a centralized website somewhere where they loginto? AAR website somewhere or something?
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