GATX Corporation

The acquisition of Wells Fargo’s rail operating lease portfolio by a joint venture of GATX and Brookfield Infrastructure closed Jan. 1. (GATX Photograph)
  • News

Supply Side: GATX, Enviri/New Enviri, TX Rail Products

GATX Corporation and Brookfield Infrastructure complete their acquisition of Wells Fargo’s rail assets. Also, New Enviri will be the spinoff of the Harsco Environmental and Rail businesses from Enviri; and TX Rail Products, Inc. completes a strategic capital raise.

(Image Courtesy of RailPulse™)

TTX Joins RailPulse™ Coalition

Railcar pooling company TTX has signed on with RailPulse, the coalition established in late 2020 “to advance the use of GPS and sensor technology on railcars; deliver near real-time data through a

(Image Courtesy of Amsted Digital Solutions)
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Amsted Recognized as ‘RailPulse Certified Vendor’

Amsted Digital Solutions has been approved as a certified telematics vendor for RailPulse™, the coalition established in late 2020 to “facilitate and accelerate the adoption of GPS and other telematics technology across the North

Betsy Talton-Buck (left), incoming Vice President and Chief Communications Officer, NS; Angie Kolar (center), incoming Vice President and Chief Compliance Officer, NS; and Robin Pol, Managing Director, Trifleet, a GATX Company.
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High Profile: NS, GATX

Norfolk Southern (NS) hires new corporate communications and compliance leaders. Also, Trifleet Leasing Holding B.V. (Trifleet), a wholly owned subsidiary of Chicago-based GATX Corporation, promotes a veteran employee to Managing Director.

RailPulse, Nexxiot Team on Telemetry

Nexxiot has signed an agreement allowing RailPulse™—the coalition established in late 2020 to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network”—to act as a

David Nahass, Railway Age Financial Editor
Commentary

Rail Equipment Finance 2023 Key Takeaways

FINANCIAL EDGE, RAILWAY AGE APRIL 2023 ISSUE: In its 37th iteration, Tony Kruglinski’s Rail Equipment Finance Conference (REF) once again took place at the oasis in the desert: The LaQuinta Resort and

“Despite a volatile macro environment, we continue to identify attractive long-term growth opportunities in our markets in addition to the signing of a new railcar supply agreement in North America [with Trinity Industries],” GATX Corporation President and CEO Robert C. Lyons said on Oct. 25.

GATX 3Q22: Demand ‘Strong,’ Lease Rates Rise

“Demand for railcars remains strong across our global fleets,” GATX Corporation President and CEO Robert C. Lyons said during a third-quarter 2022 financial report on Oct. 25. “Fleet utilization at Rail North America remains high at 99.6% and our renewal success rate was 87.2% during the quarter.”