SOURCE: Chicago Freight Car Leasing Co.

Chicago Freight Car Leasing Co.

April 29, 2014 11:00 ET

Chicago Freight Car Leasing Co. Completes Delivery of 200 New Tank Cars

SCHAUMBURG, IL--(Marketwired - Apr 29, 2014) - Chicago Freight Car Leasing Co., a subsidiary of Sasser Family Holdings, Inc., announced that it has finalized delivery of 200 new tank cars. The tank cars were delivered to a variety of customers in the agricultural and renewable energy sectors.

Paul Deasy, President of Chicago Freight Car Leasing Co., said, "We have a long established presence in freight car markets, including covered hopper cars. The acquisition of these and future tank cars will allow us to bring customer-focused solutions and our brand of superior customer service to existing customers in new markets, as well as new customers."

Rhonda Zielinski, Vice President of Sales and Customer Support, added, "For some time our freight car customers have been asking us to add tank car leasing solutions. Our entry into this market, combined with our existing in-house expertise, illustrates our commitment to providing the right railcar solutions for our customers."

The company noted that it has made additional new tank car investments for delivery in 2014, 2015, and 2016.

About Chicago Freight Car Leasing Co. -- A business unit of Sasser Family Holdings, CFCL is the largest privately held railcar leasing solutions company in North America. CFCL has been delivering quality products, reliable services, and a commitment to an outstanding customer experience since 1928. We maintain a diverse railcar fleet supporting the needs of industrial, agricultural, food products, and chemical shippers and railroads throughout North America.

About Sasser Family Holding, Inc. -- Sasser Family Holdings is a 4th generation, family-held transportation asset services and management company with roots dating back to 1928. Subsidiary business units include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services, LLC, CF Asia Pacific Group PTY Ltd, and NxGen Rail Services LLC. The subsidiary units are leaders in providing commercial and industrial focused rail and vehicle transportation equipment solutions including asset leasing, fleet administration management, asset repair and maintenance, and innovative technology services throughout North America, Australia, and Europe.

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