gatx
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Rail
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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Rail
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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News
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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Rail
GATX third-quarter net profit increases on international businesses
Revenue growth in the railcar lessor’s international segment and in its portfolio management program affiliated with Rolls-Royce helped offset losses for its North American segment.
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Rail
Pandemic, economy and market oversupply weigh on GATX’s 2020 view
These factors are dampening lease rates and renewal activity, the company said during its second-quarter earnings call on Tuesday.
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Rail
GATX open to acquiring more railcars
The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.
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Rail
GATX sells dry bulk vessel segment
Rand Logistics will purchase the American Steamship Company for $260 million.
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News
Jet engines bolster earnings at railcar lessor GATX
Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
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Rail
GATX sues Georgia Power over alleged damages to leased railcars
The rail equipment lessor said corrosion damage was found in 160 railcars.
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Rail
GATX wonders if slowdown is on the horizon – UPDATE
The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.
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