Wells Fargo Rail

Wells Fargo Rail (reporting marks WFRX and FURX ) 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 leasing company in North America with over 175,000 railcars and 1,800 locomotives available.[2]

Wells Fargo Rail
IndustryRail transportation
PredecessorFirst Union Rail
GE Capital Rail Services
FoundedJanuary 1, 2016 (2016-01-01)
Headquarters
Rosemont, Illinois
,
USA
ParentWells Fargo
Websitefirstunionrail.wellsfargo.com

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.

It also offers Management Services and various Marketing Services.

gollark: GPT-Neo/GPT-J.
gollark: There are open replications of smaller GPT-3s available.
gollark: This seems like fairly bad code.
gollark: Specifically, the ice floored ones we use for the ICBM.
gollark: They would go down dedicated tunnels.

References
  1. "Wells Fargo Agrees to Acquire GE's Railcar Leasing Business". Bloomberg.com. 2015-09-30. Retrieved 2018-05-14.
  2. "Login".
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