“We continue to experience solid demand globally for most railcar types in our fleets,” GATX President and CEO Robert C. Lyons said during a first-quarter 2024 financial report. “At Rail North America,
We spent a day in two Ohio cities with GATX CFO Tom Ellman and Head of Investor Relations Shari Hellerman. Takeaways include: continued strength in North America railcar leasing; growth in India, where GATX constitutes substantially all the private-sector railcar leasing landscape; Europe growth; and a commitment to investing in long-lived, service-intensive assets, an investment grade, and returning excess cash.
Following the Feb. 3, 2023, Norfolk Southern (NS) derailment in East Palestine, Ohio, judges have found the Class I “alone will be responsible for paying for the cleanup,” according to the Associated
Conversations at the Rail Equipment Finance Conference 2024 (REF), held March 3-6, “suggest favorable railcar leasing fundamentals should continue at least through 2024 and that new railcar orders should recover from fourth-quarter
We had one-on-one and group meetings with several rail and rail equipment stakeholders at the Rail Equipment Finance Conference 2024 (REF), held March 3-6 in La Quinta, Calif. Putting the pieces together,
Canadian Pacific Kansas City (CPKC) on Feb. 1 announced that it has joined the RailPulse™ Coalition, becoming the third Class I railroad and the tenth member of the coalition, which was established in late 2020 to “to develop, broaden and accelerate the use of GPS and other telematics technologies on railcars that increase safety, efficiency, and visibility across North America’s freight rail industry.”
Agribusiness company Bunge has signed on as the first railcar-owning shipper of RailPulse™, the coalition established in late 2020 to “facilitate and accelerate the adoption of GPS and other telematics technology across
Chicago-based GATX Corp. has reported fourth-quarter 2023 net income of $66.0 million, or $1.81 per diluted share, compared with fourth-quarter 2022’s $48.4 million, or $1.36 per diluted share. For full-year 2023, net income was $259.2 million, or $7.12 per diluted share, versus the prior year’s $155.9 million, or $4.35 per diluted share.
ZTR and GATX have signed a strategic agreement to install PIVOT™, ZTR’s new railcar remote monitoring telematics solution, on GATX’s North American railcar fleet. It will interface, the companies say, with the
RAILWAY AGE, DECEMBER 2023 ISSUE: A railcar and lease rate outlook for 2024 and beyond.