GATX Corporation

“Despite a volatile macro environment, we continue to identify attractive long-term growth opportunities in our markets in addition to the signing of a new railcar supply agreement in North America [with Trinity Industries],” GATX Corporation President and CEO Robert C. Lyons said on Oct. 25.

GATX 3Q22: Demand ‘Strong,’ Lease Rates Rise

“Demand for railcars remains strong across our global fleets,” GATX Corporation President and CEO Robert C. Lyons said during a third-quarter 2022 financial report on Oct. 25. “Fleet utilization at Rail North America remains high at 99.6% and our renewal success rate was 87.2% during the quarter.”

RDC, whose companies include Iowa Interstate Railroad and Pop-Up Metro, LLC, has become the eighth member of the RailPulse Coalition.

RDC Joins RailPulse Coalition

RailPulse has an eighth member: Pittsburgh, Penn.-based railway investment and management company Railroad Development Corporation (RDC), which on Oct. 19 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”

Brian L. Glassberg (right) will take over the role of GTX Executive Vice President, General Counsel and Corporate Secretary once Deborah A. Golden (left) retires at the end of November.
  • News

People News: GATX, UP, WSP (UPDATED)

Deborah A. Golden set to retire from GATX Corporation (GATX). Also, Union Pacific’s (UP) Wendy Whalen earns a Women in Supply Chain Award; and Rob DiAdamo joins WSP as Senior Director of the firm’s Advisory Enterprise and Strategy Team.

“The use of technology to increase shipment visibility is critical for ensuring we meet the needs and expectations of our customers who rely upon us for safe and reliable service,” said Kenny Rocker, Executive Vice President-Marketing and Sales for UP, which has joined the RailPulse coalition.

UP Joins RailPulse Coalition

RailPulse has a seventh member: Union Pacific, which on June 7 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”

David Shannon, General Manager, RailPulse

RailPulse Appoints GM

David Shannon has been selected as the first General Manager of RailPulse, a coalition of railcar owners, builders and operators whose aim is to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network to significantly increase visibility, efficiency and safety.”

Commentary

Cowen Insight: 1Q22 Shipper Surveys Say …

Cowen and Company transportation analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliott Alper recently conducted their first-quarter 2022 rail equipment and shipper surveys. Following are the results, plus insights on The Greenbrier Companies Inc. (GBX), Trinity Industries Inc. (TRN), GATX Corporation, and the Class I railroads, ahead of earnings.