Supriya Ghosh (Editor)

Wells Fargo Rail

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Founded
  
2016

Wells Fargo Rail httpsuploadwikimediaorgwikipediacommonsthu

Predecessor
  
First Union Rail GE Capital Rail Services

Website
  
http://firstunionrail.wellsfargo.com/

Headquarters
  
Rosemont, Illinois, United States

Parent organizations
  
Wells Fargo, First Union Rail Corp

Wells Fargo Rail is the new name for the historic First Union Rail Corporation, along with the combined business of the former GE Capital Rail Services, which Wells Fargo purchased from GE in September 2015. The new company/name took effect January 1, 2016, and is based in Rosemont, Illinois, USA. Wells Fargo Rail is the largest railcar and locomotive leasing company in North America with over 175,000 railcars and 1,800 locomotives available.

Contents

Railcars

  • Autoracks - for transporting vehicles, can be bi-level or tri-level
  • Box cars
  • Flatcars
  • Centerbeam flatcar
  • Gondolas
  • Hopper cars
  • Intermodals
  • Double stacked Intermodals
  • Tank car

    • Locomotives

  • EMD GP38-2
  • EMD GP40-2
  • EMD MP15DC/EMD MP15AC
  • EMD SD40-2

    • Services

    Wells Fargo Rail provides various services to its rail customers. It of course leases the railcars and locomotives, but also provides the financing for the leases, (Operating Leases, Net Lease, Full Service Lease and Car Hire Arrangement), and also Sale/ Leaseback (buying rail stock from company and leasing it back to them), Portfolio Acquisitions, Asset Sales and Lease/ Sublease.

    They also offer Management Services and various Marketing Services.

    References

    Wells Fargo Rail Wikipedia
    (Text) CC BY-SA


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