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"We continued to optimize our fleet by selectively selling railcars in the secondary market, generating over $30 million of remarketing income in the quarter,” said GATX President and CEO Robert C. Lyons.

GATX 3Q24: ‘Consistent With Expectations’

“Operating conditions across our global markets remain consistent with our expectations coming into the year,” GATX President and CEO Robert C. Lyons said during a report on third-quarter 2024 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of more than 80%.

Ports of Indiana handles more than 4 million tons of agriculture products at its three ports on the Ohio River and Lake Michigan, and those cargoes make up more than a third of the total shipments. (Ports of Indiana Photograph)

Intermodal Briefs: Ports of Indiana, Los Angeles, Coos Bay

Ports of Indiana and the Indiana State Department of Agriculture sign a Memorandum of Understanding to boost agriculture trade and container shipping. Also, Port of Los Angeles handles a record number of TEUs (Twenty-Foot Equivalent Units) in September; and Oregon International Port of Coos Bay secures a $25 million U.S. Department of Transportation grant.

Transit Briefs: TriMet, Metro-North, SBCTA, South Shore Line

TriMet rolls out new security phones at MAX stations. Also, train service on Metro-North Railroad’s Waterbury Branch will resume on Oct. 28; the San Bernardino County Transportation Authority (SBCTA) seeks public feedback on the proposed ONT Connector project; and South Shore Line opens its Hammond Gateway Station.

CPKC on Oct. 19 announced via Linkedin that Community Renewal International’s 11th Friendship House in Shreveport, will be known as the CPKC Pat Ottensmeyer Friendship House, “a tribute to a remarkable human being who left a remarkable legacy.” (Photograph Courtesy of CPKC)

Class I Briefs: CSX, CPKC

Georgia-Pacific officially opens a CSX-served manufacturing facility in Tennessee. Also, Canadian Pacific Kansas City (CPKC) announces that a Shreveport, La.-based “Friendship House” will be named in honor of the late Patrick J. Ottensmeyer.

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