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January 26, 2017
NRE & the Ease of Lease
It's understandable if freight operations find the task of obtaining new locomotive equipment daunting. With seemingly as many options in technology, size, duty and power in locomotives as there are miles of railway in the U.S., it can be hard to know what to buy, what it should cost, what to do if problems arise and — certainly not least of all — how to fit new equipment into a budget. It's important to buy or lease from a company that will not only be a supplier, but a partner — ready and able to not only help customers choose the right equipment and financing options, but also to be there when service is needed or questions arise.
Fortunately for clients around the U.S. and around the world, that partner is NRE. The national leader in locomotive technology, NRE is committed not only to providing clients with the most efficient, cutting-edge and environmentally friendly engines on the market, but also to providing cost-effective financing options for clients to access the equipment they need. Through its locomotive leasing program, NRE provides a flexible, customizable financing program that can meet the needs of clients of any size.
Does NRE have the inventory? Check. With a fleet that includes SW100s, SW1200s, SW1500s, MP15ACs, GP9s, GP10s, GP38s, GP40s, GP50s, SD38s, SD40-2/3s and SD60s, NRE has the right 4- or 6-axle locomotive for any freight company's loads, from short line to long haul. Specs range from 18 ton per axle for general purposes to 34 ton per axle special duty locomotives, with power availability from 500 horsepower per unit to 3,600 horsepower per unit.
NRE also specializes in the industry's most environmentally friendly technology.
“NRE is one of the nation’s leader’s in Green Locomotive re-power conversions and is an OEM for new Tier 3 and Tier 4 GenSet locomotive technology,” said Gerald Cochran, Senior Executive Account Manager at NRE. “These units are available for leasing in a range of fourand six-axle units, from 700 horsepower up to 3,600 horsepower. NRE has been producing these types of units for the past several years, beginning in 2006 with Tier 2.”
NRE also knows that every client is nothing if not unique. There's no one-size-fits-all solution. With worldwide leasing capability, NRE's broad shoulders and know-how ensure the independence and flexibility needed to build a leasing package that best fits a client's usage and budgetary needs. Companies can choose either short- or long-term leases and can take the worry out of day-to-day operations with full-service, full-maintenance leases.
Just looking for a cost-effective way to upgrade what you already have? You're still in luck. NRE's unique conditional sales agreements is a flexible sales/leaseback option. NRE purchases the client's locomotives; modifies, upgrades or rebuilds according to need; and then leases the equipment back to the company.
NRE's financial team can also build direct or third-party lease and sublease agreements through banks, railroads and shippers. Whatever a company's needs, NRE representatives will custom-design a lease or sales agreement quickly and efficiently. And when a company leases through NRE, they do so with the confidence that they are working with a strong ally with not only the size, but also the leading technology, to ensure that they'll receive the best locomotives and service in the industry.