Wells Fargo Rail was a railcar and locomotive operating lessor combined from both the historic First Union Rail Corporation along with 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 was based in Rosemont, Illinois, USA. Wells Fargo Rail was the largest railcar and locomotive lessor in North America with more than 135,000 railcars and 850 locomotives. In 2025, GATX partnered with Brookfield Infrastructure Partners to acquire Wells Fargo Rail's $4.4 billion railcar portfolio. The deal closed in early 2026.
Equipment
Railcars Autoracks—for transporting vehicles, can be bi-level or tri-level Box cars Flatcars Centerbeam flatcar Gondolas - (Rotary Dump Coal Gondola) Hopper cars - (Both Covered & Open Hoppers) Intermodals Double stacked Intermodals Tank car
Locomotives EMD GP38-2 EMD GP40-2 EMD MP15DC/EMD MP15AC EMD SD40-2 EMD SD70MAC
Services Wells Fargo Rail provides various services to its rail customers. It leases the railcars and locomotives and also provides financing for the leases (Operating Leases, Net Lease, Full Service Lease and Car Hire Arrangement). This includes 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.
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Notes
References
External links
Corporate homepage