LEAVING OUR MARK SINCE 1928

Our Heritage

More than 90 years ago, Fred H. Sasser started his own business in a small Chicago railyard. Today, we’re a growing family of transportation businesses across America with a focus on continuous improvement and innovation. But we haven't forgotten what got us here; Sasser family values, spirit, and exceptional personal service continue to drive us today.

Historical Railyard
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A Look Back Through the Years

Our story began in 1928 when Fred H. Sasser founded Central West Refrigerator Despatch. The following year, the Great Depression plunged the global economy into chaos. But, Mr. Sasser persevered, taking the necessary steps to protect and enhance his business. Take a look at how four generations of Sassers have kept his dream and vision alive.

Following a Dream

1928

Fred. H Sasser establishes Central West Refrigerator Despatch to provide refrigerated rail service to farmers along the Illinois Northern Railway.

1929

The company spends the next years building a market in reclaimed rail parts.

The Great Depression

1930

Fred H. Sasser begins purchasing and converting old boxcars for a growing marketplace.

1938

Chicago Freight Car & Parts is formed to provide railcar maintenance and support services.

Our Business Expands

1946

Family operations expand with used military rolling stock.

1949

Chicago Freight Car Leasing Co. is established as the newest brand of the family business.

Passing the Torch

1956

Fred H. Sasser semi-retires and Robert Sasser takes the reins.

1958

Robert Sasser starts purchasing covered hoppers for the grain market.

A Family Business Continues

1973

Robert’s son, Fred R. Sasser, becomes more involved in the family business.

1981

Robert retires. His son, Fred, becomes president of CFCL.

Moving Up

1983

Hoosier Railcar (now CF Rail Services) joins the family.

1986

Fred R. Sasser becomes chairman of the board.

New Beginnings

1989

Fred ventures into vehicle leasing with the acquisition of Union Leasing.

1998

Chicago Freight Car Leasing Australia Pty. Ltd. is formed.

2004

The fourth generation of Sassers enters the family business.

2010

Sasser Family Holdings, Inc. is established to connect our businesses using a common set of values.

Expanding Rail Services

2011

Waycross Railcar is added to CF Rail Services' network of facilities.

2012

Sasser Family Holdings, Inc., launches NxGen Rail, bringing our commitment to continuous improvement to rail technology.

Venturing into New Territories

2013

Union Leasing acquires Express 4x4 Truck Rental.

2014

Union Leasing continues to grow with the acquisition of Walser Leasing.

2014

Sasser Family Holdings, Inc. launches Xcēd Aviation Services, bringing our transportation expertise to aviation ground support equipment leasing.

Transitioning to Non-Family Leadership

2017

Fred R. Sasser retires as CEO and Jeff Walsh is chosen as his successor.

2018

Sasser Family Holdings celebrates its 90th anniversary

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