GATX Related Content

GATX Appoints News SVPs for Structured Finance, Ops, Engineering & Quality

GATX, a lessor of transportation assets, promoted Kevin J. Hillesland to senior vice president of structured finance, Geoffrey D. Phillips to senior vice president of operations and John M. Sbragia to senior vice president of engineering and quality. read more

GATX Announces BBB+ Long-Term Issuer Rating From Fitch Ratings

GATX announced Fitch Ratings assigned the company a BBB+ long-term issuer default rating (IDR) with a stable outlook, a BBB+ senior unsecured debt rating, a F2 short-term IDR and a F2 commercial paper rating. read more

GATX Names Titterton Next President of Rail North America

GATX named Paul F. Titterton its next president of rail in North America, effective April 22. Titterton will succeed Robert C. Lyons, who will assume the role of CEO of GATX on the same date. read more

GATX Acquires Trifleet Leasing for $215.17MM

GATX acquired Trifleet Leasing, the fourth largest global tank container lessor, for approximately €175 million ($215.17 million) in cash. read more

GATX Reports Y/Y Increase in Q3 Net Income, Dip in Fleet Utilization

GATX reported Q3/20 net income was $48.2 million compared with net income from continuing operations of $37.2 million in Q3/19. Railcar North America fleet utilization was 98.2% at the end of Q3/20 compared with 98.7% at the end of the prior quarter and 99.2% at the end of Q3/19. read more

Rand Logistics to Acquire American Steamship Company from GATX

Rand Logistics entered into a stock purchase agreement to acquire American Steamship Company from GATX. read more

GATX 2019 Net Income Holds Steady Despite Railcar Oversupply

GATX reported 2019 Q4/19 net income of $56.6 million compared to net income of $49.2 million in Q4/18. Net income for the full-year 2019 was $211.2 million compared to $211.3 million in the prior year. read more

GATX to Acquire Up to 3,100 Railcars from ECN

GATX entered into an agreement to acquire a fleet of up to 3,100 railcars from ECN Capital. The purchase price is up to $229 million. read more

GATX YTD Earnings Higher Despite Cost of Foreign Facility Closure

GATX reported year-to-date through September 2018 net income was $162.1 million, up from $159.9 million a year earlier. GATX noted results included the $5.8 million cost of a facility closure in Germany during Q2/18. read more

GATX YTD Earnings Higher Despite Cost of Facility Closure in Germany

GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more

GATX Extends Trinity Agreement; Agrees to Purchase 4,800 Tank Cars

GATX noted in an 8-K filing it has amended its agreement with Trinity Rail Group to extend the term from March 2020 to December 31, 2023 and has agreed to purchase an additional 4,800 tank cars. read more

GATX Rail North America Segment Profit Exceeds $100MM

GATX Rail North America reported segment profit of $108.9 million in Q1/18, compared to $93.0 million in Q1/17. read more

GATX Q4/17 Income Jumps to $342.1MM Aided by Tax Benefit

GATX reported Q4/17 net income of $342.1 million, compared to net income of $30.9 million in Q4/16. GATX recorded a one-time non-cash net tax benefit of $315.9 million due to the Tax Cuts and Jobs Act. read more

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

GATX to Expand Terre Haute Ops into Midwest Maintenance Hub

GATX announced plans to expand its Terre Haute operations into a full-scale Midwest maintenance hub making this the company’s only full-scale service center in the Midwest. read more

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