Description
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives. This segment also offers services, including interior cleaning of railcars, routine maintenance and repairs to car body and safety appliances, regulatory compliance work, wheelset replacements, exterior blast and painting, and car stenciling. The Rail International segment leases railcars, as well as offers repair, regulatory compliance, and modernization work for railcars. The ASC segment operates a fleet of vessels that provide waterborne transportation of dry bulk commodities, such as iron ore, coal, limestone aggregates, and metallurgical limestone for the steel making, automobile manufacturing, electricity generation, and non-residential construction markets. The Portfolio Management segment is involved in leasing, marine, and asset remarketing operations, as well as manages portfolios of assets for third parties. As of December 31, 2017, it operated a fleet of 147,005 railcars; 665 locomotives; and 12 vessels. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.
