Freight Car Leasing

Progress Rail offers a wide variety of freight cars and leasing options to meet our customers’ specific transportation requirements. Understanding your needs and supplying an optimal solution is what we do best.

 

Full Service Lease

Full service lease agreements are normally for periods of one to seven years at a fixed, monthly rental rate.

Our full service lease provides:

·        Supply and use of the most suitable, high quality freight car for your product application

·        Maintenance and repair services that support your required utilization level

·        Administrative services that enable you to use your car without any concern for regulatory issues including car registration/UMLER, property tax, use tax and damage claims

·        Annual mileage cap

 

Net Lease

Our net lease option provides:

·        Supply and use of the most suitable, high quality freight car for your product application

·        Net lease agreements are normally for periods of one to seven years at a fixed, monthly rental rate

·        Maintenance/repairs, use tax, property tax, insurance and administrative services are the lessee's responsibility

·        No annual mileage cap

 

Per Diem Lease

Terms are normally geared toward usage of the freight car based on time and mileage.

 

Purchase Leaseback

Multiple options exist for your existing fleet that address issues such as cash flow, sale of assets or simply restructuring. We will work with you to find the solution that best fits your needs, including but not limited to:

·        Purchase existing freight car owner’s cars and lease them back to you

·        Purchase existing freight car owner’s cars and remarket them elsewhere

·        Purchase your old freight cars, rebuild and lease to you under a set lease term/type/structure

·        Provide like kind exchange options.