Technology was the key to First Union Corp.'s recent purchase of a transportation management company.

First Union Rail Corp., a subsidiary of the Charlotte, N.C.-based bank, said Monday that it had agreed to purchase Northbrook Rail Corp. of Arlington Heights, Ill.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.