Originally formed in 1981, Transportation Equipment, Inc. (TEI) is a privately held Texas Corporation engaged in the leasing, management and operation of railroad tank and covered hopper cars. With a fleet of cars approaching 3000 units, TEI supplies new and existing equipment on both full service and triple net leases serving the oil, petrochemical, food, plastic and agricultural industries across North America. The services provided by TEI are outlined below:
FULL SERVICE LEASING: The full service lease cars are being operated under the reporting marks of TEIX and TEAX. Full-service leases include the maintenance and taxes and insurance that customers would have to pay if they owned or net leased their cars. Generally these cars are leased for three to five year terms.
REMARKETING: The remarketing of railcars refers to matching lessees or owners of surplus cars with shippers having short-term needs. Typically these leases are for one year or less and follow a full service lease arrangement.
MANAGEMENT: In addition to operating its own cars, TEI manages, operates and leases cars for private investors on a third party basis. TEI sells both new and existing equipment to individuals or investor groups and provides leases and management agreements, which outline the responsibilities for the owners, manager and lessees.
FLEET MANAGEMENT: With the invention of “outsourcing”, TEI has taken on the responsibility of managing fleets of covered hoppers and tank cars for owners / shippers. These duties could include tracing, maintenance review, repair bill auditing, mileage auditing, bill paying, subleasing, etc.
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