CF Rail Services Acquires Mobile Railcar Cleaning Company

ROSEMONT, Ill., Feb. 28, 2011 /PRNewswire/ -- CF Rail Services, a subsidiary of Chicago Freight Car Leasing, announced the acquisition of Mobile Railcar Cleaning Company in Waycross, GA. which will operate under the new name, Waycross Railcar.

"The addition of Waycross Railcar to the CF Rail Services family of railcar repair facilities is a strategic step as we look to grow our national foot print, with roots that date back to 1928," said Shad Peterson, VP and COO of Chicago Freight Car Leasing Co. and President of CF Rail Services. "CF Rail Services is dedicated to growing our capabilities while maintaining our focus on quality  workmanship and long lasting relationships that our customers have come to expect from us."

Located in the high rail traffic area of Southeast Georgia near both the CSX and Norfolk Southern Railroads, this facility delivers high quality certified tank and general freight railcar cleaning services at its 24 acre facility, and on a mobile basis at customer locations. Other services provided include railcar running repairs, compliance testing, and valve replacement and maintenance.  Due to both the variety of services and the convenient location Waycross Railcar will provide many shippers, lessors, and railroads quick turnaround and many cost advantages.

Bill Plavsic, Director of Repair Services of CF Rail Services, "We are relationship driven and believe our customers are the number one priority and will work efficiently to meet their specific repair needs. Waycross Railcar will give us a stronger presence in the Southeast and expands our expertise in tank car cleaning. This will further strengthen our goal of providing a quality service that meets or exceeds our customers' expectations."

CF Rail Services, a wholly owned subsidiary of Sasser Family Holdings, Inc. is a leading railcar repair and maintenance provider, providing quality running repair and program work for railroads, private car owners and shippers in North America. 

Sasser Family Holdings, Inc. is a 4th generation, family-held transportation asset services and investments company with roots dating back to 1928. Subsidiary business units and investments include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, Chicago Freight Car Leasing Australia Holdingsand STI-Global PTY Limited.  The subsidiary units are leaders in providing customer 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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