Railcar NOKL 3013 has spent decades hauling grain across the country. Its owner: Wells Fargo & Co.
Banks including Wells Fargo, Citigroup Inc., PNC Financial Services Group Inc. and CIT Group Inc. own hundreds of thousands of railcars that carry coal, grain and other commodities through North America. It is an unusual line of business for lenders, which typically focus on more traditional loans and deposits. Now the niche has become a headache. Tepid railroad demand and changes in commodity markets have made it a rare...
Maybe they should lease them to people who know how to use them
They do work in Europe anyway, maybe a start :)
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