GATX

As railcar lessor GATX (NYSE: GATX) looks at the second half of this year, there are three prominent factors that could put pressure on the company's lease rates, renewal activity, and asset utilization. Those factors are a potential second wave of the coronavirus pandemic in the U.S., economic...

Railcar lessor GATX (NYSE: GATX) is selling its dry bulk vessel business segment, American Steamship Company (ASC), to Rand Logistics. Rand will buy ASC for $260 million, pending regulatory approval and customary closing conditions, both companies said Monday. The net sales proceeds will reduce...

Rail equipment manufacturer and lessor GATX (NYSE: GATX) has filed a lawsuit against Georgia Power for returning allegedly damaged railcars. In a filing in the U.S. District Court for the Northern District of Georgia in Atlanta, GATX said Georgia Power violated its leasing agreement because the...

Declining U.S. rail volumes contributed to GATX's (NYSE: GATX) third-quarter net profits falling 4% to $45.1 million, or $1.25/diluted share, from $47 million, or $1.22/diluted share, in the third quarter of 2018. GATX is a major railcar lessor and manufacturer, with operations in North America,...

  GATX's (NYSE: GATX) first quarter profit fell 46 percent to $41.5 million, or $1.12 per diluted share, from $76.3 million, or $1.98 per diluted share, in the first quarter of 2018. Chicago-based GATX is a railcar lessor, providing railcars and boxcars to freight railroads and shippers...

Shares of GATX Corporation (NYSE: GMT), an independent global railcar lessor, were trading higher by more than 3 percent on Friday after the company announced a new share repurchase authorization and a 5.3 percent raise in its quarterly dividends. GATX's board of directors has approved a new $300...