The acquired portfolio, primarily freight cars (95%), has a 97% utilisation rate and a diverse mix of car types.

Wells Fargo is selling its rail leasing equipment business to a joint venture of GATX Corp. and Brookfield Infrastructure.

Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield ...

Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture ...

Wells Fargo (WFC) announced on Thursday a definitive agreement to sell the assets of its rail equipment leasing business to a ...

Wells Fargo to sell rail assets to joint venture for $4.4 billion, with GATX and Brookfield owning 30% and 70% respectively.

A new joint venture of GATX Corp. and Brookfield Infrastructure Partners L.P. have entered into a definitive agreement to ...

The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth ...

Wells Fargo exits rail leasing with a major sale to GATX and Brookfield Infrastructure, transferring more than 125,000 rail ...

Shares of GATX climbed after the company's new joint venture with Brookfield Infrastructure notched a deal to buy Wells Fargo's rail assets for a book value of about $4.4 billion. The stock rose 8.8% ...

Credit: foras05/Shutterstock. GATX has entered a definitive agreement to purchase around 105,000 railcars from Wells Fargo for $4.4bn via its newly-established joint venture (JV) with Brookfield ...