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]
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.
A railroad car, railcar, railway wagon, railway carriage, railway truck, railwagon, railcarriage or railtruck, also called a train car, train wagon, train carriage or train truck, is a vehicle used for the carrying of cargo or passengers on a rail transport network. Such cars, when coupled together and hauled by one or more locomotives, form a train. Alternatively, some passenger cars are self-propelled in which case they may be either single railcars or make up multiple units.
The Southern Pacific was an American Class I railroad network that existed from 1865 to 1996 and operated largely in the Western United States. The system was operated by various companies under the names Southern Pacific Railroad, Southern Pacific Company and Southern Pacific Transportation Company.
A cowl unit is a body style of diesel locomotive. The terminology is a North American one, though similar locomotives exist elsewhere. A cowl unit is one with full-width enclosing bodywork, similar to the cab unit style of earlier locomotives, but unlike the cab unit style, the bodywork is merely a casing and is not load-bearing. All the strength is in the locomotive's frame, beneath the floor, rather than the bridge-truss load-bearing carbody of the earlier type.
The Grand Trunk Western Railroad Company was an American subsidiary of the Canadian National Railway operating in Michigan, Illinois, Indiana, and Ohio. Since a corporate restructuring in 1971, the railroad has been under CN's subsidiary holding company, the Grand Trunk Corporation. Grand Trunk Western's routes are part of CN's Michigan Division. Its primary mainline between Chicago and Port Huron, Michigan serves as a connection between railroad interchanges in Chicago and rail lines in eastern Canada and the Northeastern United States. The railroad's extensive trackage in Detroit and across southern Michigan has made it an essential link for the automotive industry as a hauler of parts and automobiles from manufacturing plants.
A hood unit, in North American railroad terminology, is a body style for diesel and electric locomotives where the body is less than full-width for most of its length and walkways are on the outside. In contrast, a cab unit has a full-width carbody for the length of the locomotive and walkways inside. A hood unit has sufficient visibility to be operated in both directions from a single cab. Also, the locomotive frame is the main load-bearing member, allowing the hood to be non-structural and easily opened or even removed for maintenance.
A road switcher is a type of railroad locomotive designed to both haul railcars in mainline service and shunt them in railroad yards. Both type and term are North American in origin, although similar types have been used elsewhere.
Progress Rail Locomotives, doing business as Electro-Motive Diesel (EMD), is an American manufacturer of diesel-electric locomotives, locomotive products and diesel engines for the rail industry. The company is owned by Caterpillar through its subsidiary Progress Rail.
TTX Company is a provider of railcars and related freight car management services to the North American rail industry. TTX's pool of railcars—over 168,000 cars and intermodal well cars—supports shippers in several industries where flatcars, boxcars and gondolas are required.
GATX Corporation is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly with Rolls-Royce Limited, it owns one of the largest aircraft spare engine lease portfolios. It is headquartered in Chicago, Illinois. As of December 31, 2020, the company owned 148,939 rail cars, including 83,959 tank cars, 64,980 freight cars, and 645 locomotives. Other major car types owned include covered hoppers, open-top hopper cars, and gondolas. It primarily serves the petroleum industry, chemical industry, food industry, mining industry, and transportation industry.
The California Northern Railroad is one of several Class III short-line railroad companies owned by Genesee & Wyoming, Inc. It operates over Southern Pacific Railroad (SP) tracks under a long-term lease.
This article contains a list of terms, jargon, and slang used to varying degrees by railfans and railroad employees in the United States and Canada. Although not exhaustive, many of the entries in this list appear from time to time in specialist, rail-related publications. Inclusion of a term in this list does not necessarily imply its universal adoption by all railfans and railroad employees, and there may be significant regional variation in usage.
GE Capital Rail Services, also known as GE Railcar, or GE Railcar Services Corporation was a business unit of GE Capital, a division of General Electric. It was a distinct business unit from General Electric's railway locomotive manufacturer.
The Virginia Museum of Transportation is a museum devoted to the topic of transportation located in Downtown Roanoke, Virginia, US.
The Greenbrier Companies is an American publicly traded transportation manufacturing corporation based in Lake Oswego, Oregon, United States. Greenbrier specializes in transportation services, notably marine barge and freight railcar manufacturing, railcar refurbishment and railcar leasing/management services. The company is one of the leading designers, manufacturers and marketers of rail freight equipment in North America and Europe. It also has operations in South America and Turkey. Greenbrier is a leading provider of wheelsets, parts, management, leasing and other services to the railroad and related transportation industries in North America. As of August 31, 2021, Greenbrier employs 12,155 people across its global operations. Formed in 1981 and publicly traded since 1994, the company generates revenues of US$2.8 billion.
The GT46C-ACe is a model of Australian diesel-electric locomotive designed and built between 2007-present by Downer Rail at its Cardiff Locomotive Workshops using Electro-Motive Diesel components, and subsequently built in the United States.
The Southeastern Railway Museum is a railroad museum located in Duluth, Georgia, in suburban Atlanta.
The Arizona and California Railroad is a class III short line railroad that was a subdivision of the Atchison, Topeka and Santa Fe Railway (ATSF). The ARZC began operations on May 9, 1991, when David Parkinson of the ParkSierra RailGroup purchased the line from the Santa Fe Railway. ParkSierra Railgroup was purchased in January 2002 by shortline railroad holding company RailAmerica. The Genesee & Wyoming shortline railroad holding company purchased RailAmerica in December 2012. ARZC's main commodities are petroleum gas, steel, and lumber; the railroad hauls around 12,000 carloads per year.
The Salt Lake, Garfield & Western Railway, nicknamed through most of its history as The Saltair Route, is a short line railroad located in Salt Lake City, Utah. Originally incorporated as a dual passenger and freight railroad, it now provides freight-only railcar switching services to industries in Salt Lake City along its sixteen miles of track.
The Colebrookdale Railroad, also known as the Secret Valley Line, is a tourist railroad located in the U.S. state of Pennsylvania. The railroad operates between Boyertown in Berks County and Pottstown in Montgomery County.