Wells Fargo Rail

Wells Fargo Rail
Predecessor First Union Rail
GE Capital Rail Services
Founded 2016
Headquarters Rosemont, Illinois, USA
Parent Wells Fargo
Website http://firstunionrail.wellsfargo.com/

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.[1]

Equipment

Railcars

Locomotives

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

This article is issued from Wikipedia - version of the 10/9/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.