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( R e d i r e c t e d f r o m G e n e r a l A m e r i c a n T r a n s p o r t a t i o n C o r p o r a t i o n )
Equipment finance company
GATX tank car in Europe
GATX Corporation is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly with Rolls-Royce Limited , it owns one of the largest aircraft spare engine lease portfolios. It is headquartered in Chicago, Illinois . As of December 31, 2020, the company owned 148,939 rail cars, including 83,959 tank cars , 64,980 freight cars , and 645 locomotives . Other major car types owned include covered hoppers , open-top hopper cars , and gondolas . It primarily serves the petroleum industry (29% of 2020 revenues), chemical industry (22% of 2020 revenues), food industry (11% of 2020 revenues), mining industry (10% of 2020 revenues), and transportation industry (20% of 2020 revenues).[1]
History [ edit ]
The company was founded as Atlantic Seaboard Dispatch in Chicago , Illinois , in 1898 by Max Epstein to ship beer in refrigerated railcars for Duquesne Brewing Company .[1] [2]
In 1902, the company was renamed German-American Car Co. In 1916, it changed its name to General American Tank Car Corp. and became a public company via an initial public offering , and in 1933, it was renamed General American Transportation Corp.[2]
In 1949, the company worked with designer Russel Wright to develop "Meladur", a melamine dinnerware .[3]
Effective January 1, 2000, General American Transportation Corporation was renamed GATX Rail Corporation, a unit of GATX Corporation.[4]
In 2004, the company sold its technology-leasing unit to CIT Group for about $200 million in cash.[5]
In September 2013, the company sold its 37.5% interest in AAE Ahaus Alstätter Eisenbahn Cargo AG to its partner, AAE Ahaus Alstätter Eisenbahn, for €84.5 million.[6]
In March 2014, the company acquired the North American per diem boxcar fleet of GE Capital Rail Services , consisting of more than 18,500 boxcars.[7]
In November 2018, the company announced an agreement to acquire up to 3,100 railcars from ECN Capital for up to $229 million.[8]
In May 2020, the company sold American Steamship Company , its dry bulk vessel business, to Rand Logistics for $260 million.[9]
In December 2020, the company acquired Trifleet Leasing Holding B.V., the fourth largest global tank container lessor.[10]
Reporting marks [ edit ]
GATX's primary freight car reporting marks are:
GATX (for tank cars)
GACX (for general-service freight cars)
GGPX (for coal cars)
GIMX (for intermodal cars)
GPLX (for plastic pellet cars)
GMTX and LLPX (for locomotives)
GPFX (for pressure-differential cars)
GATX also owns other marks including GABX, GAEX, GCCX, GFSX, GOHX, GSCX, IPSX, and TRIX including for General American Marks Company and GATX Rail. Many GATX cars carry a large "GATX" logo in the upper corner of the cars regardless of the reporting mark they carry; this logo is applied for marketing reasons and does not have any operational significance.[11]
References [ edit ]
^ "NATIONAL HISTORIC LANDMARK NOMINATION: MANITOGA" . National Park Service . February 17, 2006.
^ "GATX Corporation 1999 Annual Report" (PDF) .
^ "Company News: CIT TO BUY LEASING UNIT FROM GATX FOR ABOUT $200 MILLION" The New York Times Bloomberg News . April 16, 2004.
^ "GATX Corporation Announces the Sale of Its Interest in AAE Cargo" (Press release). Business Wire . September 26, 2013.
^ "GATX Corporation Announces Acquisition of More Than 18,500 Railcars from GE Capital Rail Services" (Press release). GlobeNewswire . March 24, 2014.
^ "GATX Corporation Announces Acquisition of Up to 3,100 Railcars" (Press release). GlobeNewswire. November 12, 2018.
^ "GATX Corporation Completes Sale of American Steamship Company Business Segment" (Press release). GlobeNewswire. May 14, 2020.
^ "GATX Corporation Acquires Tank Container Lessor Trifleet Leasing" (Press release). GlobeNewswire. December 30, 2020.
^ "Interchange: General American Transportation Corp" . pennsyrr.com . Retrieved February 5, 2022 .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=GATX&oldid=1212225372 " C a t e g o r i e s : ● 1 8 9 8 e s t a b l i s h m e n t s i n I l l i n o i s ● 1 9 1 0 s i n i t i a l p u b l i c o f f e r i n g s ● C o m p a n i e s b a s e d i n C h i c a g o ● C o m p a n i e s l i s t e d o n t h e N e w Y o r k S t o c k E x c h a n g e ● R o l l i n g s t o c k l e a s i n g c o m p a n i e s ● T r a n s p o r t a t i o n c o m p a n i e s b a s e d i n I l l i n o i s ● T r a n s p o r t a t i o n c o m p a n i e s o f t h e U n i t e d S t a t e s ● C o m p a n i e s i n t h e S & P 4 0 0 H i d d e n c a t e g o r i e s : ● U s e A m e r i c a n E n g l i s h f r o m A p r i l 2 0 2 3 ● A l l W i k i p e d i a a r t i c l e s w r i t t e n i n A m e r i c a n E n g l i s h ● U s e m d y d a t e s f r o m A p r i l 2 0 2 3 ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n i s d i f f e r e n t f r o m W i k i d a t a ● C o m m o n s c a t e g o r y l i n k i s o n W i k i d a t a ● A r t i c l e s w i t h V I A F i d e n t i f i e r s ● A r t i c l e s w i t h L C C N i d e n t i f i e r s
● T h i s p a g e w a s l a s t e d i t e d o n 6 M a r c h 2 0 2 4 , a t 1 9 : 0 9 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
$1.209 billion (2020)
$151 million (2020)
