GATX will report its Lease Price Index (LPI) based on a modified methodology beginning with second-quarter 2023. Weighing in on the move: David Nahass, Railway Age Financial Editor, and Matt Elkott, TD Cowen Transportation OEM Analyst and Vice President Equity Research.
RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.
The American Chemistry Council (ACC) has recognized Norfolk Southern (NS), Trinity Industries and GATX for safety and environmental stewardship as part of its 2023 Responsible Care® Awards program. Also, Nisus Corporation has
Chicago-based GATX Corp. has reported first-quarter 2023 net income of $77.4 million, or $2.16 per diluted share, compared with first-quarter 2022’s $75.8 million, or $2.10 per diluted share.
Chicago-based GATX Corp. has reported fourth-quarter 2022 net income from continuing operations of $48.4 million, or $1.36 per diluted share, compared with fourth-quarter 2021’s $61.0 million, or $1.69 per diluted share. For full-year 2022, net income was $155.59 million, or $4.35 per diluted share, versus the prior year’s $143.1 million, or $3.98 per diluted share.
Tightness across a wide array of freight cars has continued, and with supply chain challenges limiting the industry’s ability to produce to demand, the lease rate momentum looks sustainable, according to expert panelists at Cowen and Company’s Jan. 19 webinar on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.
According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.
GATX has wrapped and released for delivery the first new 60-foot Plate F “eco-green” boxcar from a 1,500-boxcar deal signed earlier this year with and on lease to BNSF, the railcar lessor reported earlier this month via LinkedIn.
FINANCIAL EDGE, RAILWAY AGE DECEMBER 2022 ISSUE: The editorial staff at Railway Age follows the “old school” code of the postman emblazoned on New York’s City General Post Office. “Neither snow nor rain …” (you know the rest) keeps the RA team delivering the goods month in and month out.
A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
