Company type | Subsidiary |
---|---|
Industry | Rail transportation |
Predecessor | First Union Rail GE Capital Rail Services |
Founded | January 1, 2016 |
Headquarters | , USA |
Parent | Wells Fargo |
Website | firstunionrail |
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.[1] 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 operating lessor in North America with more than 135,000 railcars and 850 locomotives.[2]