| Predecessor | Fragonset Merlin Rail |
|---|---|
| Founded | September 1997 |
| Founder | Mark Sargent |
| Defunct | December 2006 |
| Headquarters | |
Area served | United Kingdom |
| Services | Freight operating company |
FM Rail was a railway charter company based in Derby, England. The company was formed when spot hire company Fragonset Railways and charter operator Merlin Rail merged. It went into administration in 2006.