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 A GATXEMD GP38-2 locomotive | |
| Company type | Public company |
|---|---|
| NYSE: GATX S&P 400 component | |
| Industry | Railcar leasing |
| Founded | 1898; 128 years ago (1898) |
| Founder | Max Epstein |
| Headquarters | Chicago,Illinois |
Key people | Robert C. Lyons,CEO |
| Revenue |  $1.209 billion (2020) |
 $151 million (2020) | |
| Total assets | $8.937 billion (2020) |
| Total equity | $1.957 billion (2020) |
Number of employees | 1,904 (2020) |
| Website | www |
| Footnotes / references [1] | |
GATX Corporation is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly withRolls-Royce Limited, it owns one of the largest aircraft spare engine lease portfolios. It is headquartered inChicago, Illinois. As of December 31, 2020, the company owned 148,939 rail cars, including 83,959tank cars, 64,980freight cars, and 645locomotives. Other major car types owned includecovered hoppers, open-tophopper cars, andgondolas. It primarily serves thepetroleum industry (29% of 2020 revenues),chemical industry (22% of 2020 revenues),food industry (11% of 2020 revenues),mining industry (10% of 2020 revenues), andtransportation industry (20% of 2020 revenues).[1]
The company was founded as Atlantic Seaboard Dispatch inChicago,Illinois, in 1898 byMax Epstein to ship beer in refrigerated railcars forDuquesne Brewing Company.[1][2]
In 1902, the company was renamed German-American Car Co. In 1916, it changed its name to General American Tank Car Corp. and became apublic company via aninitial public offering, and in 1933, it was renamed General American Transportation Corp.[2]
In 1949, the company worked with designerRussel Wright to develop "Meladur", amelaminedinnerware.[3]
Effective January 1, 2000, General American Transportation Corporation was renamed GATX Rail Corporation, a unit of GATX Corporation.[4]
In 2004, the company sold its technology-leasing unit toCIT Group for about $200 million in cash.[5]
In September 2013, the company sold its 37.5% interest in AAE Ahaus Alstätter Eisenbahn Cargo AG to its partner, AAE Ahaus Alstätter Eisenbahn, for €84.5 million.[6]
In March 2014, the company acquired the North American per diem boxcar fleet ofGE Capital Rail Services, consisting of more than 18,500 boxcars.[7]
In November 2018, the company announced an agreement to acquire up to 3,100 railcars fromECN Capital for up to $229 million.[8]
In May 2020, the company soldAmerican Steamship Company, its dry bulk vessel business, to Rand Logistics for $260 million.[9]
In December 2020, the company acquired Trifleet Leasing Holding B.V., the fourth largest globaltank container lessor.[10]
In 2025, GATX partnered withBrookfield Infrastructure Partners to acquireWells Fargo's $4.4 billion railcar portfolio.[11] The deal is expected to close in early 2026.[11]
GATX's primary freight carreporting marks are:
GATX also owns other marks including CGTX, GABX, GAEX, GCCX, GFSX, GOHX, GSCX, IPSX, and TRIX including forGeneral American Marks Company and GATX Rail. Many GATX cars carry a large "GATX" logo in the upper corner of the cars regardless of the reporting mark they carry; this logo is applied for marketing reasons and does not have any operational significance.[12]
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