Fred R. Sasser

chairman, FBN-North America

"Our family has been members of FBN for seven years now, and it has been a critical resource in our progress in establishing and improving our family governance of our business. The confidentiality provided by this families-only organization permits intimate learning from other families that are traveling the same paths. The access to international families and events is quite valuable as we realize that virtually all businesses are affected by globalization whether they actively trade internationally themselves or not."

- Fred R. Sasser

Sasser Family Holdings is a 4th generation family-held transportation asset services and management company. Through their various businesses, they lease railway rollingstock, automobiles and light trucks, and ground support equipment in North America and Australia, as well as provide repair and technology services around the assets. Headquartered in Chicago, the company is currently in its 89th year of operations. The company’s success is based on the foundation values of the highest level of customer service, integrity, teamwork and continuously seeking ways to add value.

After 36 years as CEO, Fred Sasser now serves as Executive Chairman. The company remains 100% owned by Sasser family members, all direct descendants or in-laws of the founder, Fred H. Sasser.

Fred R. Sasser was born in Chicago, Illinois, and received a B.S. in Mechanical Engineering from Purdue University in 1972. Starting with subsidiary, Chicago Freight Car Leasing in 1973, Fred served in roles from engineering to sales to fleet management until assuming the position of President in 1981, and Chairman in 1983. Under Fred’s direction the business has expanded from its base single business of leasing covered hopper cars in North America to add automobiles and light trucks in all 50 United States, as well as locomotives and railway freight wagons in Australia. Recent acquisitions have grown the US railcar repair shop network to 7 locations, while the Australian business has added capabilities to build and repair railcars and repair locomotives at 2 locations. The company entered into rail-track inspection technology in 2012, and in 2014 expanded their asset leasing through a new subsidiary which provides airline ground support equipment.

Fred and Pam split their time between Chicago and Naples, Florida homes, and have three children all married and on their own, and four grandchildren. Fred and the family have been active with numerous local charitable activities, especially Avenues for Independence which provides support to adults with developmental disabilities, Have Dreams which provides support for children with Autism, and Rainbow Hospice. The Sasser family also has been a continuous supporter of Opportunity International, a trust bank providing financial services to the working poor in developing countries, and is the lead donor for a new trust bank expansion being commenced in India.

During his career Fred has been active with numerous industry organizations, including Chairman of the Railway Progress Institute and membership at the North American Freight Car Association (NAFCA) and Association of American Railroads Associate Advisory Board. Fred currently serves on the Board of Directors of Goodheart-Wilcox Publishers, PVS Chemical, and Family Business Network – North America.

Website: Sasser Family Holdings