Search:
Type the text to search here and press Enter.
Separate search terms by a space; they will all be searched individually in all fields of the database. Click on Search: to go to the advanced search page.

Transportation Company - GATX Corporation - Railroad Equipment

Please help support TroveStar. Why?
Transportation Company - GATX Corporation - Railroad Equipment
Add a comment about this item.
It will be visible at the bottom of this page to all users.
Comment
Company NameGATX Corporation
Company Web SiteLink
CategoryRailroad Equipment
Year Founded1898
CountryUnited States (Details)
Transportation Company - GATX Corporation - Railroad Equipment



Company History: GATX Corporation (NYSE: GMT) is an equipment finance company based in Chicago, Illinois. Founded in 1898, GATX's primary activities consist of railcar operating leasing in North America and Europe. In addition, GATX leases locomotives in North America, and also has significant investments in industrial equipment. GATX derives its name from its primary reporting mark for its North American railcars, "GATX". The mark itself was derived from GATX's prior corporate name, General American Transportation Corporation. Since all non-railroad owners of railcars must append an "X" to the end of their mark, GAT became GATX. The General American Transportation Corporation became GATX Rail Corporation, a unit of the GATX Corporation, on January 1, 2000.

GATX mainly applies the GATX mark to tank cars, although the mark has been used in other examples such as with hoppers; GATX's primary freight car marks are GACX (for general-service freight cars), GGPX (for coal cars), GIMX (for intermodal cars), GPLX (for plastic pellet cars), GMTX and LLPX (for locomotives), and GPFX (for pressure-differential cars). GATX also owns a number of other marks, including GABX, GAEX, GFSX, GOHX, GSCX, IPSX, and TRIX. Many GATX cars carry a large "GATX" logo in the upper right-hand corner of the car regardless of the reporting mark they carry; this logo is applied for marketing reasons and does not have any operational significance.
GATX engages in both full-service and net leasing of railcars. In a full-service lease, a GATX-owned mark is applied to the car, and GATX maintains the railcar and pays for any required property insurance and property taxes. In a net lease, the lessee applies its mark to the car, and the lessee pays for any required property insurance and property taxes. Often, on a net-leased car, there is no evidence of GATX ownership, although some net lease cars carry a GATX logo.
The most common type of car in the GATX North American fleet is the tank car; other major car types include covered hoppers, open-top hoppers, and gondolas. GATX invests in nearly every type of railcar operated in North America. In Europe, tank cars also make up GATX's largest fleet, but unlike in North America, GATX's European fleet includes substantial quantities of intermodal cars which are owned in a GATX joint venture called AAE Cargo. In contrast, GATX's North American intermodal car fleet is relatively small. This is true of most North American operating lessors; historically the bulk of the industry's intermodal investment has been made by TTX Corporation, which is jointly owned by North America's Class I railroads. X Corporation, which is jointly owned by North America's Class I railroads.
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.

Item Links: We found: 5 different collections associated with GATX Corporation - Railroad Equipment
Item created by: gdm on 2017-10-10 09:56:44. Last edited by CMK on 2022-09-30 22:52:05

If you see errors or missing data in this entry, please feel free to log in and edit it. Anyone with a Gmail account can log in instantly.