Rail World Locomotive
Leasing was established in August 2001 and is a sister
company of Rail World, Inc., a railway management, consulting and
investment corporation specializing in privatizations and
restructurings. RWLL began operations in early 2002 with the
acquisition of Amtrak's locomotive leasing portfolio, and fifty one (51)
of Amtrak's highest quality surplus EMD F40-PH-2 locomotives. Subsequent to this
acquisition RWLL has acquired a reasonable fleet of freight locomotives
including B23-7s and SD40-2s.
RWLL was established by Edward A. Burkhardt (founder of Wisconsin
Central Ltd) who is the company's Chairman and Chief Executive Officer.
The company has a strategic partnership agreement
with Rail World, Inc., that allows RWLL to a acquire all of its
corporate support services on an as needed basis with minimal fixed and
overhead costs. RWLL has sustained
profitability for seven consecutive years.
RWLL serves both the North American domestic and international leasing
markets and leases equipment in Central America, Canada, and from the
Eastern US to Alaska. RWLL's customer base consists of the growing US
commuter rail market, tour and excursion operators, and business trains
for class I and short line freight railroads.
RWLL develops tailor made leases, for its clients, that take into
account the term structure of lease rates, as well as ownership and
return options for flexibility. RWLL offers timely warranty and
customer support and is willing to share in the risk of asset
performance, which is a direct result of the confidence in the quality
power that it leases. RWLL also has strategic relationships with
quality rebuilders and can offer a "rebuilt" to new locomotive on a
lease, purchase or finance basis.
The EMD F40-PH-2 locomotives, available through RWLL, are one of the
highest quality passenger locomotives available for lease in the
industry. All of RWLL locomotives are FRA certified and EPA compliant
through 2007, and have fresh 3 year air brake dates. A rigid inspection
and testing process was put in place so that only the best of Amtrak's
surplus fleet were selected, and RWLL was the first to purchase from
Amtrak's surplus fleet of F40s. |