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.
The Midwest Association of Rail Shippers (MARS) will host its annual Winter Meeting Jan. 9-11, 2024, in Lombard, Ill., at the Westin Chicago Lombard hotel.
“Consistent with our initial outlook, the railcar leasing environment in North America remains robust,” GATX President and CEO Robert C. Lyons said during a report on third-quarter 2023 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of 83.6%.
The Surface Transportation Board (STB) on Oct. 23 reported appointing six new members to its Rail Energy Transportation Advisory Committee (RETAC).
The definition of the financial term “reversion to the mean,” according to Forbes, says that “an event that is not average will be followed by an event that is closer to the
We hosted freight industry “fireside chats” and presentations on Day 1 of the TD Cowen 16th Annual Global Transportation Conference, being held Sept. 6-7 in Boston. While we heard that the rail
GATX Corporation elevates three senior executives. Also, a new President and CEO takes the throttle at IntelliTrans; and Massachusetts Bay Transportation Authority’s Chief Safety Officer resigns.
“We see continued strong demand globally for the majority of railcar types in our existing fleets,” GATX President and CEO Robert C. Lyons said during a report on second-quarter 2023 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of 85.3%.
