CIT Rail provides financial solutions for the bulk freight transportation market by working with freight shippers, receivers, carriers, intermediaries and facility operators across all modes to customize financial solutions to each customer's individual needs. As a full service lessor and owner of one of the most diversified fleets of rail assets in North America. CIT Rail owns and manages a fleet of over 100,000 railcars and more than 500 locomotives. It is a part of CIT Group, which is one of the leading global commercial and consumer finance companies that provides clients with financing and leasing products and advisory services. Founded in 1908, CIT Group has approximately $80 billion in managed assets.