Rail supplier news from GATX, FreightCar America, Alstom and Green Mobility

GATX Corp., together with Brookfield Infrastructure Partners LP and its institutional partners, has received all required regulatory clearances to complete the transaction to acquire Wells Fargo’s rail operating lease portfolio. The transaction will be completed through a joint venture between GATX and Brookfield Infrastructure. GATX anticipates the transaction will close on or about Jan. 1, 2026, according to a GATX press release. In May, Wells Fargo officials said the sale represents a book value of $4.4 billion.

FreightCar America Inc. has acquired Carly Railcar Components LLC, a rail-car components distributor. The acquisition strengthens FreightCar America's position in the rail-car aftermarket, said FreightCar President and CEO Nicholas Randall in a press release. "CRC’s long-standing presence in component distribution and its established regional footprint, including a Houston-area facility in Orange, Texas, enhances our ability to serve customers with greater speed, reliability and product availability," he said. Financial details were not disclosed.

Alstom has signed a contract with Hellenic Train, a private railway company in Greece, for the supply of 23 Coradia Stream Electric Multiple Units (EMUs). The contract, valued at 393 million euros, includes maintenance services for 10 years. Design and production of the trains will be executed in Italy by Alstom Savigliano manufacturing site. Each train will consist of six cars.

Green Mobility Partners, a Vienna-based electric locomotive leasing company, and KKR, a global investment firm, announced a strategic partnership to create a leading European rail leasing platform to meet growing demand for sustainable rail infrastructure across Europe. GMP provides electric locomotives to freight- and passenger-rail operators across Europe. The company exclusively leases out Siemens Vectron electric locomotives, with plans to expand. The additional investment in GMP through investment vehicles managed by KKR is subject to customary approvals, according to a GMP press release.