S&P 400 component
|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
|Footnotes / references|
GATX Corporation is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly with Rolls-Royce Limited, it owns one of the largest aircraft spare engine lease portfolios. It is headquartered in Chicago, Illinois. As of December 31, 2020, the company owned 148,939 rail cars, including 83,959 tank cars, 64,980 freight cars, and 645 locomotives. Other major car types owned include covered hoppers, open-top hopper cars, and gondolas. It primarily serves the petroleum industry (29% of 2020 revenues), chemical industry (22% of 2020 revenues), food industry (11% of 2020 revenues), mining industry (10% of 2020 revenues), and transportation industry (20% of 2020 revenues).
In 1902, the company was renamed German-American Car Co. In 1916, it changed its name to General American Tank Car Corp. and became a public company via an initial public offering, and in 1933, it was renamed General American Transportation Corp.
Effective January 1, 2000, General American Transportation Corporation was renamed GATX Rail Corporation, a unit of GATX Corporation.
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.
GATX's primary freight car marks are:
- GATX (for tank cars)
- GACX (for general-service freight cars)
- GGPX (for coal cars)
- GIMX (for intermodal cars)
- GPLX (for plastic pellet cars)
- GMTX and LLPX (for locomotives)
- GPFX (for pressure-differential cars)
GATX also owns other marks including GABX, GAEX, GCCX, GFSX, GOHX, GSCX, IPSX, and TRIX including for General 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.
- "GATX Corporation 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "General American Transportation Corp". Encyclopedia of Chicago.
- "NATIONAL HISTORIC LANDMARK NOMINATION: MANITOGA". National Park Service. February 17, 2006.
- "GATX Corporation 1999 Annual Report" (PDF).
- "Company News: CIT TO BUY LEASING UNIT FROM GATX FOR ABOUT $200 MILLION". The New York Times. Bloomberg News. April 16, 2004.
- "GATX Corporation Announces the Sale of Its Interest in AAE Cargo" (Press release). Business Wire. September 26, 2013.
- "GATX Corporation Announces Acquisition of More Than 18,500 Railcars from GE Capital Rail Services" (Press release). GlobeNewswire. March 24, 2014.
- "GATX Corporation Announces Acquisition of Up to 3,100 Railcars" (Press release). GlobeNewswire. November 12, 2018.
- "GATX Corporation Completes Sale of American Steamship Company Business Segment" (Press release). GlobeNewswire. May 14, 2020.
- "GATX Corporation Acquires Tank Container Lessor Trifleet Leasing" (Press release). GlobeNewswire. December 30, 2020.
- "Interchange: General American Transportation Corp". pennsyrr.com. Retrieved February 5, 2022.