GATX & Brookfield Buy Wells Fargo Railcars

GATX Corporation and Brookfield Infrastructure Partners secure regulatory approval to acquire Wells Fargos extensive rail operating lease portfolio, marking a significant shift in the rail industry. The joint venture will acquire approximately 105,000 railcars for $4.4 billion, while Brookfield also gains a separate chunk of 23,000 railcars and 400 locomotives. GATX will manage the entire fleet and has the option to fully own the joint venture, solidifying their position as major players in North Americas rail leasing market. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.