FCM recently ordered six Jackson 6700S tampers from Harsco Track Technologies valued at more than US$2.5 million. By May 1, 2005, Harsco will deliver the machines, which FCM plans to add to its rental fleet, and lease out on a short- or long-term basis during the 2005 track maintenance season.
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.
FCM Rail a Progress Rail Leasing Company
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
- 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
- Power units
Michigan State University (MSU) recently received a gift from a principal donor to establish a railway management program. Dennis J Gilstad, CEO, founder and controlling owner of FCM Rail, a railroad equipment and financial services company in Fenton, has contributed US$1,000,000 towards the deve
Fenton, November 2007 FCM Rail, Ltd. recently received an order from BNSF Railway for an additional thirty-eight Waterloo portable toilet system. The new order will be in addition to the twenty four toilets currently on lease with BNSF. The total transaction is valued at over US$1.2 million.