Tom Ellman, CFO, GATX (left); and Shari Hellerman, Head of Investor Relations, GATX (right).

GATX Meeting Takeaways From TD Cowen

We spent a day in two Ohio cities with GATX CFO Tom Ellman and Head of Investor Relations Shari Hellerman. Takeaways include: continued strength in North America railcar leasing; growth in India, where GATX constitutes substantially all the private-sector railcar leasing landscape; Europe growth; and a commitment to investing in long-lived, service-intensive assets, an investment grade, and returning excess cash.

A finished tank car emerges from Greenbrier’s Concarril assembly plant in Sahagún, Mexico. (William C. Vantuono Photograph)

SIG Takeaways From REF 2024

Conversations at the Rail Equipment Finance Conference 2024 (REF), held March 3-6, “suggest favorable railcar leasing fundamentals should continue at least through 2024 and that new railcar orders should recover from fourth-quarter

CPKC photo

CPKC Joins RailPulse™ Coalition

Canadian Pacific Kansas City (CPKC) on Feb. 1 announced that it has joined the RailPulse™ Coalition, becoming the third Class I railroad and the tenth member of the coalition, which was established in late 2020 to “to develop, broaden and accelerate the use of GPS and other telematics technologies on railcars that increase safety, efficiency, and visibility across North America’s freight rail industry.”

Bunge Joins RailPulse™ Coalition

Agribusiness company Bunge has signed on as the first railcar-owning shipper of RailPulse™, the coalition established in late 2020 to “facilitate and accelerate the adoption of GPS and other telematics technology across

“GATX achieved excellent financial results in the fourth quarter, resulting in a very strong year in terms of net earnings, earnings per share and investment volume," said GATX President and CEO Robert C. Lyons.

GATX 4Q23: ‘Excellent Financial Results’

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, GATX PIVOT™ to Telematics

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