ABOUT RAILROAD TECHNOLOGY CORPORATION
Railroad Technology Corporation is an independent leasing company engaged in the North American railroad freight car industry. The company operates through two segments: Heavy Capacity Cars and Commodity Cars. The Heavy Capacity Cars segment primarily serves the power generation industry with 12 axle depressed deck flat cars. The Commodity Cars segment serves industries spanning agriculture, forest products, oil and gas production, automotive and metals markets. The company also provides freight car engineering support and serves as Managing General Partner of FreightCar Partners, LP, a private limited partnership.
Robert M. Ness is a Managing General Partner of FreightCar Partners, LP and the Chairman, CEO and Founder of Railroad Technology Corporation and its affiliates. Mr. Ness is nationally active in the fields of freight car leasing and intermodal transportation. Over the past 30 years he has led a veteran team of industry professionals building the nation’s leading independent freight car lessor. Mr. Ness is widely regarded in the railroad industry for pioneering freight car engineering innovations to extend load capacities and increase service life to fleets of off-lease and otherwise non-productive assets. In 1999 he developed and launched FreightCar.com, the first web based transportation industry marketplace for worldwide disposition of off-lease capital equipment. Prior to founding Railroad Technology Corporation Mr. Ness was Portfolio Manager for Itel Corporation, a publicly traded equipment lessor with interests in freight cars, intermodal shipping containers and short line railroads. He is a donor and fundraiser for the North American Spine Foundation and the Crohn’s & Colitis Foundation. Mr. Ness received a B.A. in Economics and an M.B.A. from the San Francisco State University Graduate School of Business.
Mark A. Carney is Executive Vice President of Railroad Technology Corporation and a Managing General Partner of FreightCar Partners, LP. Mr. Carney is responsible for overall management of the FreightCar Partners Lease Portfolio including engineering, fleet maintenance, car utilization and railroad shipper relationships. He joined Railroad Technology Corporation after completing a distinguished management career with the Norfolk Southern Corporation, one of the nation’s premier transportation companies. The Norfolk Southern Railroad (“NS”) operates more than 20,000 track miles in 22 states and serves every major intermodal container port in the Eastern United States. Mr. Carney began his Norfolk Southern Railroad career as a management trainee in 1975 after graduation from the University of Virginia, where he earned a B.S. degree in Mechanical Engineering. Among his many railroad industry achievements and awards, Mr. Carney managed and directed a fleet of more than 16,000 freight cars that constituted all Norfolk Southern Railroad owned and privately leased hopper and gondola cars.