Wells Fargo Rail

Wells Fargo Rail
TypeSubsidiary
IndustryRail transportation
PredecessorFirst Union Rail
GE Capital Rail Services
FoundedJanuary 1, 2016; 10 years ago (2016-01-01)
DefunctJanuary 1, 2026; 9 months ago (2026-01-01)
Headquarters
Rosemont, Illinois
,
U.S.
ParentWells Fargo
Websitefirstunionrail.wellsfargo.com

Wells Fargo Rail (reporting marks WFRX, FURX, FBRX, SPTX) 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

Locomotives

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.

Notes

  1. ↑ Formerly used by First Union Rail, now inherited by Wells Fargo Rail
  2. ↑ Formerly used by the Fiske Brothers Refinery Company, later acquired by First Union Rail
  3. ↑ Formerly used by Sugar Products Company, later acquired by Trinity Rail Management, then First Union Rail, then Wells Fargo Rail

References

  1. ↑ "Railroad Reporting Marks_W". pwrr.org. Archived from the original on 25 July 2024. Retrieved 11 July 2025.
  2. 1 2 "Railroad Reporting Marks_F". pwrr.org. Archived from the original on 25 July 2024.
  3. ↑ "Railroad Reporting Marks_S". pwrr.org. Archived from the original on 23 January 2025. Retrieved 11 July 2025.
  4. ↑ Campbell, Dakin; Clough, Rick (2015-09-30). "Wells Fargo Agrees to Acquire GE's Railcar Leasing Business". Bloomberg.com. Retrieved 2018-05-14.
  5. ↑ "Railcar Leasing and Financing".
  6. 1 2 "Mayer Brown Advises GATX on $4.4 Billion Railcar Acquisition from Wells Fargo in Joint Venture with Brookfield Infrastructure". Retrieved 2026-05-06.