EXHIBIT 99.3
                                   JOHN ADAMS
                                 CONFERENCE CALL
                                FEBRUARY 26, 2004

         GOOD MORNING AND THANKS FOR JOINING US.

         MY COMMENTS WILL BE BRIEF TODAY. AS I REPORTED TO YOU AT OUR LAST
         MEETING, WE RESTRUCTURED OUR BANK REVOLVING CREDIT AGREEMENT THIS PAST
         FALL.

         YOU WILL RECALL WE HAVE ESSENTIALLY DIVIDED OUR CREDIT FACILITIES INTO
CORPORATE/MANUFACTURING AND LEASING. THEY ARE AS FOLLOWS:

         CORPORATE/MANUFACTURING, WE HAVE A

                  1)       $275 MILLION REVOLVING CREDIT, LED BY JPMORGAN - JUNE
                           2005, WE HAD NO BORROWINGS AT YEAR END.

                  2)       $123.1 MILLION TERM LOAN DUE JUNE 2007. THIS AMOUNT
                           WAS OUTSTANDING AS OF DECEMBER 31.

         LEASING, WE HAVE A

                  1)       300 MILLION RAILCAR LEASING WAREHOUSE FACILITY, LED
                           BY CSFB - DUE AUGUST 2004. AT YEAR END, $71 MILLION
                           WAS OWING.

                  2)       $170 MILLION EQUIPMENT TRUST CERTIFICATE - DUE
                           FEBRUARY 2009 - WITH THE FULL AMOUNT OWING.

         AS IT RELATES TO LEASING, WE CLOSED A $235 MILLION LEVERAGED LEASE
FACILITY IN LATE NOVEMBER 2003 WHICH FUNDED OUR FIRST LEASING WAREHOUSE
FACILITY. THIS FUNDING WAS SIGNIFICANTLY OVERSUBSCRIBED AND WE ARE VERY PLEASED
WE WERE ABLE TO ACCOMPLISH THIS.

         AS MOST OF YOU ARE PROBABLY AWARE, THE DEBT MARKETS HAVE IMPROVED FOR
BORROWERS DURING THE LAST SEVERAL WEEKS - THIS IS TRUE FOR BOTH BANK CREDITS AND
FOR LONGER TERM DEBT. THEREFORE, WE WILL BE EXPLORING THE POSSIBILITY OF
ASSESSING THE CAPITAL MARKETS TO PAY OUR CORPORATE/MANUFACTURING INDEBTEDNESS
AND TO GIVE US SOME ADDITIONAL FINANCING FLEXIBILITY FOR THE FUTURE.

NOW, TIM WILL REVIEW OUR BUSINESS WITH YOU.