In May of 2010, FCM Rail was acquired by Progress Rail Leasing Corporation, a wholly-owned subsidiary of Progress Rail Services.
Leasing of maintenance of way equipment
FCM Rail is the largest lessor of maintenance of way equipment in North America. We are a full-service leasing firm offering a host of programs and services specifically tailored to meet your exact financial needs.
With more than 50 years of specialised experience in the rail industry and over $150 million in equipment leases, FCM Rail professionals develop customised solutions to fit your current and future needs.
Financial benefits of leasing rail equipment
In a dynamic business environment leasing gives you more flexibility; it helps you keep up with equipment technological advancements, and may even offer significant tax advantages. These advantages include:
- 100% financing
- Lower payments than other types of financing
- Allows for more flexible cash budgeting
- Off balance sheet financing conserves existing credit
- Monthly payments are fixed and thus protected from inflation
- Provides positive cash flow with sale/lease-back programs
Railroad products for lease
FCM Rail lease the following products:
- Railroad equipment
- Ballast regulators
- Tie cranes
- Tie exchangers
- Tampers
- Spike drivers
- Spike pullers
- Kribber adzers
- Ride-on adzers
- Brush kribbers
- Cemented brush kribbers
- Kribber kickers
- Plate sweep
- Rail lifter
- Rail heaters
- Switch under cutter
- Speed swings
- On-track brush cutter
- Brush cutters
- Rail saws
- Push carts
- Jet snow blowers
- Scarifiers
- Power units