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Transportation Company - General Electric Railcar Services - Railroad Equipment

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Transportation Company - General Electric Railcar Services - Railroad Equipment
Company Name General Electric Railcar Services
Company Web Site Link
Category Railroad Equipment
Year Founded 1986
Final Year of Operation 2015
Termination Merged
Successor/Parent Wells Fargo Company (Details)
Country United States (Details)
Transportation Company - General Electric Railcar Services - Railroad Equipment

Company History: 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 is a distinct business unit from General Electric's railway locomotive manufacturer.
GE Rail Services offers leases and manages railcars (railway wagons) for the North American market; its product range includes all types of common freight wagon including box, flat, covered and uncovered hopper (gondola), and tank wagons. The company also manages service and repair of wagons.
In 1997, ACF (reporting marks: ACFX) reached leasing agreement with GE Capital Railcar for 35000 of its 46000 railcars, mostly on 16 year leases with optional purchase agreements.

In 2015 GE Capital announced the sale of its tank car and services business to Marmon Holdings, and the remainder of the business (other wagons, locos) to First Union Rail.

From Wikipedia

Successor/Parent History:
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. 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.
Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California.
The company was founded in 1852 by Henry Wells and William G. Fargo, the two founders of American Express, to provide express and banking services to California.

Read more on Wikipedia

Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.

Item Links: We found: 3 different collections associated with General Electric Railcar Services - Railroad Equipment
Item created by: Alain LM on 2017-12-05 14:47:23. Last edited by gdm on 2018-06-10 07:44:02

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