GATX Related Content

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

GATX Q2/17 Earnings Reflect ‘Significant Oversupply of Existing Railcars’

In GATX’s Q2/17 earnings report, President and CEO Brian Kenney noted the recovery of the North American railcar leasing market “continues to be hampered by a significant oversupply of existing railcars.” read more

GATX Receives Award from American Chemistry Council

GATX received a Responsible Care 2017 Partner of the Year Award from the American Chemistry Council. The award was presented to GATX at the ACC’s annual Responsible Care Conference and Expo in Miami. read more

GATX Reports Q1 Earnings Slip on Railcar Oversupply, Backlog

GATX reported Q1/17 net income of $57.5 million was down 17% from $69.3 million in Q1/16. The railcar lessor noted, “continued railcar oversupply, manufacturing backlog and low fleet utilization combined to prevent lease rate improvement in Q1.” read more

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