SFG Railway Operations

 is a division of Seagrounds Financial Group that acts as an holding and operations company of a number of railroads in several countries.

The division was founded in 1990 and is one of Seagrounds' most profitable assets.

North America Lease Fleet
Under the AAR reporting mark SFGX, operates a lease fleet of locomotives leased out to various railroads in Canada, the,  and El Kadsre, comprised of second-hand locomotives no longer required by rail operators or re-manufactured units that have been given life-extending overhauls.