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Freight Car Leasing

Freight Car Leasing

Progress Rail Services offers a wide variety of railcars matched to your specific product transport need. Understanding your needs and supplying the optimal solution is what we do best.

We offer all types of leasing including:

Full Service:

Our "full service lease" provides the following:

  • Supply and use of the best railcar for your product service
  • Maintenance and repair services that support your utilization level.
  • Administrative services that enable you to use your car without any concern for regulatory issues including car registration/Umler, property tax, and damage claims.

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

Net Lease:

Our "net lease" provides the following:

  • Supply and use of the best railcar for your product service
  • Net lease agreements are normally for periods of one to seven years at a fixed monthly rental rate
  • Maintenance/repairs, use tax, property tax and administrative services are your (lessee) responsibility with this type of lease.

Other leasing options:

Per Diem Lease: Terms are normally geared toward usage of railcar 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:

  • Purchase your railcars and lease them back to you
  • Purchase your railcars and remarket them elsewhere
  • Purchase your old cars, buy or build you new cars and lease you the new cars.
  • Provide like kind exchange options.

Progress Rail Services will work with you to find the best lease solution to serve your needs. Contact us today.

For more information please call 256-302-0285 to speak with Roger Kelly today.