Australia's leading provider of rollingstock solutions

Leadership in the transportation industry
Rail First Asset Management is Australia’s leading provider of rollingstock solutions for the Rail Industry. With the 3rd largest intermodal fleet in the country, our services include locomotive and wagon leasing, rollingstock overhaul and repair, and we are proud to be Australia’s only domestic manufacturer of rail wagons.

Our Rollingstock Solutions

Rail First Asset Management is Australia’s number #1 locomotive and wagon leasing operator providing a wide range of leasing and maintenance services for both new and used equipment.

Rail First can assist you with:

Leasing of Locomotives and Wagons:
With one of the largest rail fleets in the country, we offer both wet and dry lease options to support a wide range of intermodal, agricultural, and bulk mineral transportation needs.

Buying or Building New Wagons or Locomotives:
In addition to supporting customers with leases on existing equipment, we also offer a unique “Purchase to Lease / Build to Lease” option which gives customers access to new equipment while maintaining all of the flexibility and cash advantages of a lease.

Rollingstock Maintenance:
Rail First provides 3rd party servicing, maintenance, painting, and overhaul services across all wagon and locomotive types. Our main facilities are located in Adelaide, SA and Goulburn, NSW, have all of the necessary equipment, technical knowledge, and facilities to service rollingstock fleets.

Crew Van Overhaul and Rebuild:
In our Islington facility, we provide unique building and major overhaul capabilities for crew vans servicing the requirements of Australia’s long haul interstate network.

Wagon Construction:
Rail First is proud to be the only domestic manufacturer of intermodal equipment in Australia.    Offered through long term leases, we can build 40’ and 60’ skeletal and 48’ well wagons to meet your needs.

Our head office is in Sydney, with regional locations strategically situated on the Australian Rail Network.


Years Experience


Locomotives & Wagons



We provide leadership in the transportation industry through the delivery of innovative and visionary services to our customers.

Contact us today.

Discover how we can provide innovative rollingstock transport solutions