First Union Rail Acquires Railcars

5 August 2010 (Last Updated August 5th, 2010 18:30)

US-based rail company First Union Rail has acquired 2,370 rail cars as part of a fleet expansion programme. The $100m deal includes mill gondolas, flatcars, coal gondolas and hoppers. First Union Rail head Jack Thomas said that expanding the fleet will help the company gro

US-based rail company First Union Rail has acquired 2,370 rail cars as part of a fleet expansion programme.

The $100m deal includes mill gondolas, flatcars, coal gondolas and hoppers.

First Union Rail head Jack Thomas said that expanding the fleet will help the company grow its position in the industry.

First Union Rail, a subsidiary of Wells Fargo, is a rail transportation equipment provider in North America, controlling a fleet of over 90,000 rail assets.