gatx
- Rail
Tight railcar market benefits lessors like GATX, executives say
Pent-up demand for railcars will support GATX even as rail service clears up.
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Rising steel costs, Ukraine conflict shape GATX’s view of 2022
The U.S. railcar lessor doesn’t expect the war in Ukraine to impact company profits, but the conflict is affecting operations in Poland.
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North American rail equipment makers keep close watch on Ukraine-Russia
North American rail equipment manufacturers have customers and offices in the region, and they’re assessing what steps to take next as the situation unfolds.
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‘Deep railroad industry knowledge’ garners GATX, CSX promotions
Paul Titterton will become president of GATX’s Rail North America division and Scott Pelkey has assumed the role of CFO of CSX.
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GATX upbeat on 2022 railcar leasing market
The railcar leasing market for 2022 feels more solid than past years, executives said Tuesday during GATX’s fourth-quarter 2021 earnings call.
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GATX CEO Kenney retiring in April; EVP to succeed him
GATX President and CEO Brian Kenney is retiring, and EVP Bob Lyons will succeed him.
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Trinity Industries, GATX anticipate market growth to be ‘nonlinear’
Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still…
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Railcar lessors and rail manufacturers eye recovering market in 2021
A market recovery is underway for railcar lessors and equipment manufacturers, but the market also has a ways to go before it bounces back completely,…
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GATX fourth-quarter net income totals nearly $18 million
Revenue gains and lower costs in the fourth quarter weren’t enough to offset losses from GATX’s passenger airline-affiliated joint venture with Rolls-Royce.
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GATX picks up 18,000 tank containers in latest deal
Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.
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