Reply To: Missouri Pacific lives?????

[Charles Duckworth]

Ed
I’m certainly not an expert in railroad financing or leasing of equipment under an equipment trust but I believe if the Union Pacific were to move these MP cars under the UP’s ownership rather than the Mopac’s the bankers could negotiate a new (higher) finance rate. While I was still working for UP I saw many newly built covered hoppers with CMO reporting marks. So I think its done for a cost saving reason. Am sure others can correct me or add to this conversion.