GATX Corporation (NYSE:GATX) Files An 8-K Other EventsItem 8.01. Other Events.
On August 1, 2018, GATX Corporation (the “Company”) announced that it has entered into a multi-year railcar supply agreement with American Railcar Industries, Inc., to which the Company will purchase 7,650 newly built railcars. The order encompasses a mix of tank and freight cars that deliver over a five-year period, beginning in April 2019. The agreement also includes an option to order up to an additional 4,400 railcars subject to certain restrictions. A press release announcing the agreement was issued and is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 8.01. Financial Statements and Exhibits.
GATX CORP ExhibitEX-99.1 2 gatx-20180801exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NEWS RELEASE FOR RELEASE: IMMEDIATEGATX CORPORATION ANNOUNCES LONG-TERM RAILCAR ORDERCHICAGO,…To view the full exhibit click
About GATX Corporation (NYSE:GATX)
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Rail International comprises the Company’s European operations, GATX Rail Europe (GRE), and a railcar leasing business in India (Rail India), as well as one development-stage affiliate in China. ASC operates a fleet of the United States-flagged vessels on the Great Lakes, providing waterborne transportation of dry bulk commodities, such as iron ore, coal, limestone aggregates and metallurgical limestone. Portfolio Management generates leasing, marine operating, asset remarketing and management fee income through a collection of diversified assets and joint venture investments.