The Midwest Association of Rail Shippers (MARS) has announced the members of its 2024 Executive Committee.
“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%.
Savage joins Cyclyx 10 to 90® program to help reduce plastic waste. Also, GATX Corporation (GATX) announces BBB+ Long-Term Issuer Default Rating (IDR) from Fitch Ratings, Inc. (Fitch).
GATX’s Trifleet Leasing Holding B.V. appoints Erik Henstra as Managing Director. Also, Bentley Systems names Michael Campbell Chief Product Officer and expands the responsibilities of four executives; and the American Public Transportation Association (APTA) selects new Vice Chair and announces Executive Committee and Board of Directors nominees.
Here’s something probably not too many rail industry people know: The migration path of the Monarch Butterfly, recently declared an endangered species, closely follows the alignment of the combined north-south Canadian Pacific and Kansas City Southern networks, which (pending merger approval by the Surface Transportation Board) will in early 2023 merge to form CPKC (Canadian Pacific Kansas City), North America’s first transnational freight railroad.
RAILWAY AGE, JUNE 2022 ISSUE: Car shopping has become one of the more unpleasant pandemic chores.
North American railcar utilization higher than 99% and lease renewals of 80% helped drive a solid first-quarter 2022 for GATX. Net income and diluted EPS more than doubled, compared to the year-ago period.
The Greenbrier Companies, Inc., has signed on with RailPulse, a coalition of railcar owners, builders and operators whose aim is to “aggregate North American railcar fleet data on a single platform” to increase safety and the visibility of customer goods.
Brian A. Kenney will retire as GATX Corp. President and CEO on April 22, 2022, the company reported on Dec. 7. The Board of Directors has elected 24-year GATX veteran Robert C. Lyons to succeed him as CEO.
“We continue to see improvement across our global railcar leasing markets,” GATX Corp. President and CEO Brian A. Kenney said during a third-quarter 2021 earnings report on Oct. 21; he noted fleet utilization increased to 99.2% at quarter end for North America, and remained high at 98.1% for GATX Rail Europe.