Wells Fargo Offloads $4.4B in Railcars

Wells Fargo just sold its massive rail equipment leasing biz—think 128,000+ railcars and 440 locomotives—to a new GATX/Brookfield joint venture for $4.4 billion. The bank says it’s all about simplifying and focusing on what matters most to its clients. GATX gets to run the show, but Brookfield owns the bigger slice (for now). Deal’s set to close by early 2026. Major shakeup in the rail world! #WellsFargo #RailIndustry #BusinessNews #Transportation