About Railroad Technology Corporation

Railroad Technology Corporation, ("RTC") is the nation's leading value-added freight car remarketing organization. Founded in 1987 and based in San Francisco, RTC serves the railroad freight car needs of Class I railroads, shippers, financial institutions and capital equipment lessors.

Since it's founding, RTC has completed hundreds of freight car lease originations and dispositions totaling more than $1,000,000,000 ($ One Billion) in original equipment cost. Railroad Technology Corporation's strong suit is freight car remarketing through both net and operating lease originations, freight car engineering and freight car remanufacturing. RTC has successfully remanufactured and leased thousands of otherwise obsolete freight cars, including multi-level auto racks, flat cars, covered hopper cars, high cube gondola cars, Grade "A" paper service box cars, intermodal TOFC (trailer on flat car) spine cars and coal service gondola cars. Remanufactured freight cars are typically produced for between 50-60% of the cost of comparable new cars - the key to creating value in freight car leasing.

Railroad Technology Corporation sources equity and debt from financial institutions to invest in both newly remanufactured and 10-25 year old freight cars. RTC performs all aspects of asset management from car sourcing and acquisition, lease origination, engineering, remanufacturing, car accounting, maintenance and disposition. The revenue model also includes private freight car ownership, operating lease management, freight car sales and Internet.

FreightCar.com - the marketing power of Internet has revolutionized traditional business models in virtually every segment of industry and Railroad Technology Corporation is the Internet pioneer in freight car sales and leasing. FreightCar.com was founded in 1999 as a railroad industry Web site for freight car lease dispositions, and has since registered more than 2,000 qualified railroad industry decision makers along with more than 80,000 unique visitors. The FreightCar.com database provides strategic partners with the ability to reach a broad market of transportation industry decision makers for all types of capital equipment and lease finance products on both a domestic and international basis.

Robert M. Ness - Founder & Chief Executive Officer

Bob Ness is the Founder and CEO of Railroad Technology Corporation and FreightCar.com. Founded in 1987 and based in San Francisco, the organization's core competency is freight car engineering and remanufacturing while Bob's strong suit is originating, structuring, and closing lease transactions with investment grade lessees.

In what is a relatively small and close-knit industry, long-term collaborative and personal relationships with senior management decision makers are paramount. As a Portfolio Manager at ITEL in the early 1980's Bob began his career in freight car remarketing and has since developed numerous and deep connections with senior management across the Class I Railroad, Short Line Railroad and industrial shipper communities.

Bob also enjoys long-standing collaborative relationships with many institutional freight car lessors including some of the world's largest and most distinguished banks, private investors and other financial institutions.

In 1999, Bob founded FreightCar.com, the railroad industry's leading Internet capital equipment marketplace. FreightCar.com has registered more than 2,000 railroad industry management decision makers and has hosted more than 80,000 unique visitors.

Prior to founding Railroad Technology Corporation and FreightCar.com, Bob held management and marketing positions at CIS Equipment Leasing, ITEL Corporation and the Port of San Francisco. Bob earned a B.A. in Economics and M.B.A. from San Francisco State University, is an active member of the Equipment Leasing & Finance Association and was a member of the business faculty of the University of Phoenix.

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