GATX orders additional rail tank cars
GATX Corp. said Monday it has signed an agreement to acquire 2,000 newly manufactured tank cars from Trinity Industries Inc. over a two-year period beginning in early 2008, with an option for an additional 1,000 tank cars thereafter.
GATX said that together with other existing orders, the deal would “provide significant opportunity to enhance market share, meet customer demand and replace retired equipment with high quality tank cars, manufactured and configured according to strict GATX specifications.”
GATX’s has a fleet of about 161,000 railcars, 120,000 of which are in North American. Tank cars comprise about 61 percent of its fleet.