We're more than a family of companies specializing in transportation asset leasing services and management. Since 1928, we've been home to a family of dedicated experts fostering longstanding customer relationships, exploring new opportunities, and finding smarter, more efficient ways of helping our customers and employees.
We're driven less by what we need to do and more by what we want to become.
90 years ago, Fred H. Sasser started his own business in a small Chicago rail yard. Today, we’re a growing family of transportation businesses across America with a focus on continuous improvement and innovation. But we haven't forgotten what got us here; Sasser family values, spirit, and exceptional personal service are still what drive us today. That's how we're leaving our mark.
The Sasser family business was born on the south side of Chicago in 1928 – just in time to catch the Great Depression. But, the family was unstoppable in its will to survive and thrive. A perseverance that continues today.
A Dream is Followed
Fred. H Sasser establishes Central West Refrigerator Despatch to provide refrigerated rail service along the Illinois Northern Railway.
The company spends the next years building a market in reclaimed rail parts.
The Great Depression
Fred H. Sasser begins purchasing and converting old boxcars for a growing marketplace.
Chicago Freight Car & Parts is formed to provide railcar maintenance and support services.
Family operations expand with used military rolling stock.
Chicago Freight Car Leasing Co. is established as the newest brand of the family business.
Passing the Torch
Fred H. Sasser retires (kind of) and Robert Sasser takes the reins.
Robert Sasser starts purchasing covered hoppers for the grain market.
A Family Business Continues
Robert's son, Fred R. Sasser, learns the family business.
Robert Sasser retires. His son, Fred R. Sasser, becomes president of CFCL.
Hoosier Railcar (now CF Rail Services) joins the family.
Fred R. Sasser takes over as Chairman of the Board.
Fred ventures into vehicle leasing with the acquisition of Union Leasing.
Chicago Freight Car Leasing Australia Pty. Ltd. is formed across the pond.
4th generation of Sassers are introduced to the family business.
Sasser Family Holdings, Inc. is established.
Expanding Rail Services
Waycross Railcar is added to CF Rail Services' network of facilities.
Sasser Family Holdings, Inc. launches NxGen Rail.
Venturing into New Territories
Union Leasing joins forces with Express 4x4 Truck Rental.
Xcēd Aviation Services, an aviation ground support equipment leasing company, launches.
Transitioning to Non-Family Leadership
Fred R. Sasser retires as CEO and Jeff Walsh is appointed to the position.
Our family of companies
Together, our companies share long-term stability, financial flexibility, and resources – creating a support system that allows us to invest in ways to improve our customers' business and our employee experiences.
Working harder to drive results for our customers is our focus. From quality railcars and unparalleled maintenance programs to our expert knowhow, customers count on Chicago Freight Car Leasing to make a tangible difference to their bottom line.
Our national network's commitment to quality customer service and railcar repairs remains the same from start to finish on every job we do. Whether it's repair and maintenance, freight car lining, exterior painting and stenciling or railcar cleaning, CF Rail Services makes the process simple and transparent, giving customers peace of mind.
One of America’s premier fleet leasing and management providers, Union Leasing serves the small- and medium-size fleet market. We use our expert knowledge to help customers achieve their goals through streamlined operations and reduced costs.
Exceeding expectations for on-time, nationwide delivery is our number-one goal. Express 4x4 Truck Rental deals with the details of finding trucks for jobs so our customers don’t have to. Our customer service sets the standard for industry excellence and represents yet another way we set the bar higher.
Xcēd has revolutionized the GSE service industry, creating new ways to keep customers' business agile, more efficient, and more effective. Offering a complete range of aircraft GSE leasing and financing solutions, Xcēd works with our customers' evolving business requirements and ever-changing needs. It's expert support from the ground up.
Our focus is providing state-of-the-art rail-bound track inspection services using new and enhanced technologies. We are continually increasing our track inspection capabilities and offer customers improved safety and increased operational efficiency through the convenience of carrying out virtual track walks.
We are Australia’s leading provider of tailored transportation solutions including locomotive and rolling stock leasing, maintenance, repair, and specialized build/rebuild solutions for rail operators and shippers. Our team’s knowledge and expertise in the local and national rail industry is second to none, helping our customers maximize efficiency and grow their business.