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About Us

First Union Rail closes its acquisition of Macquarie Rail, Inc.’s railcar assets

    We are pleased to share that effective today, January 8, 2015, First Union Rail Corporation, a wholly owned subsidiary of Wells Fargo Bank, N.A., has completed the acquisition of substantially all of the railcar assets of Macquarie Rail, Inc., a U.S.- based railcar operating lease company.

    This acquisition of the railcar assets from Macquarie Rail positions First Union Rail for continued growth and allows us to focus on our top priority of meeting the evolving needs of our customers.