Plus the
RI sold their reefers to GATC in 1932, leasing back those
it needed but now with GARX reporting marks.
Don’t forget that Rock Island approached PFE about 1950, asking if they could get the same deal the WP had (buy the reefers, let PFE run them, receive payments for use). I wrote about that, and made a “what if” model, as described here:
