Company Background

RailSolutions, Inc. (RailSolutions) was founded for the purpose of providing quality consulting and advisory services to financial institutions, railroads, and private fleet owners who actively invest in railroad equipment. The firm was incorporated in February, 1997 under the laws of the Commonwealth of Virginia, and is headquartered in Williamsburg, VA.

RailSolutions has made a significant investment in reference materials and transportation industry publications which provide the base for the railroad industry specific research and analyses conducted by the firm. In addition, the firm has developed several proprietary, computer-based analytical models which are regularly used in the course of the firm's consulting business.

James D. Husband serves as the President of RailSolutions. Mr. Husband brings over 35 years of railroad industry, commercial banking and consulting experience to the firm. Since the firm was founded in 1997, Mr. Husband has conducted valuations of over 950,000 railcars and 10,000 locomotives, and has managed client relationships with over 50 financial institutions, railroads and private fleet owners. During the period from 1991 to 1997, Mr. Husband was responsible for managing the railroad equipment valuation practice at R.L. Banks & Associates, Inc., a transportation consulting firm based in Washington, DC.

From 1980 to 1991, Mr. Husband held the position of Vice President at Wachovia Bank and Perpetual Bank. During his commercial banking career, he was responsible for the management of over $200 million in railroad and other transportation equipment investments. Mr. Husband began his career in the railroad industry in 1974, and held positions at the United States Railway Association, Conrail, and National Railway Utilization Corporation.

Mr. Husband earned a BA degree from the College of William and Mary in 1970 and in 1974 received an MBA from the University of South Carolina. Mr. Husband also served as an instructor of Finance at the University of Maryland while attending as a Ph.D. candidate. In 1987, Mr. Husband completed the executive development program sponsored by the Graduate School of Credit and Financial Management at Dartmouth College.