First Union Rail name change

Wells Fargo has announced that First Union Rail, its railcar finance, leasing and fleet management business, has changed its name to “Wells Fargo Rail.”

The company’s recent acquisition of GE’s railcar and locomotive leasing business has made Wells Fargo Rail the largest and most diverse railcar and locomotive leasing company in North America with more than 175,000 railcars and 1,800 locomotives.

Barbara Wilson, president, Wells Fargo Rail, said: “We are uniquely positioned to offer a wide range of banking products and services to our customers and our new name reinforces our commitment to providing Wells Fargo customers with industry-leading service and railcar and locomotive equipment options to support their business needs.”