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Line 1: {{Use American English\|date=April 2023}} {{short description\|Equipment finance company}}▼ {{Use mdy dates\|date=April 2023}} ▲{{~~short~~Short description\|Equipment finance company}} {{Infobox company \| name = GATX Corporation Line 6 ⟶ 8: \| image_caption = A GATX [[EMD GP38-2]] locomotive \| type = [[Public company]] \| traded_as = {{NYSE\|GATX}}<br>[[List of S&P 400 companies\|S&P 400]] component \| industry = Railcar leasing \| foundation = {{Start date and age\|1898}} \| founder = Max Epstein \| location = [[Chicago]], [[Illinois]] \| key_people = ~~Brian~~Robert AC. ~~Kenney~~Lyons, [[CEO]] \| revenue = {{increase}} $1.209 billion (2020) \| net_income = {{decrease}} $151 million (2020) Line 17 ⟶ 19: \| equity = {{increase}} $1.957 billion (2020) \| num_employees = 1,904 (2020) \| homepage = {{Official URL~~\|gatx.com~~}} \| footnotes = <ref name="10K">{{cite web \| url=https://www.sec.gov/ix?doc=/Archives/edgar/data/40211/000004021121000018/gmt-20201231.htm \| title=GATX Corporation 2020 Form 10-K Annual Report \| publisher=[[U.S. Securities and Exchange Commission]] }}</ref> }} '''GATX Corporation''' is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly with [[Rolls-Royce Holdings\|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 car]]s, 64,980 [[freight car]]s, and 645 [[locomotive]]s. Other major car types owned include [[covered hopper]]s, open-top [[hopper car]]s, and [[gondola (rail)\|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).<ref name="10K" />▼ ▲'''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 car]]s, 64,980 [[freight car]]s, and 645 [[locomotive]]s. Other major car types owned include [[covered hopper]]s, open-top [[hopper car]]s, and [[gondola (rail)\|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).<ref name=10K/> ==History== [[File:MaspethDSC02183 09.jpg\|thumb\|GATX freight car in New York City]] The company was founded as Atlantic Seaboard Dispatch in [[Chicago]], [[Illinois]], in 1898 by [[Edgecliff (Winnetka, Illinois)\|Max Epstein]] to ship beer in refrigerated railcars for [[Duquesne Brewing Company]].<ref name="10K" /><ref name="chicago">{{Cite ~~web~~encyclopedia \| url=http://www.encyclopedia.chicagohistory.org/pages/2681.html \| title=General American Transportation Corp \|encyclopedia=[[Encyclopedia of Chicago]] }}</ref> ~~General American Transportation Corp. \| work=[[Encyclopedia of Chicago]]}}</ref>~~ In 1902, the company was renamed German-American Car Co., inIn 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.<ref name="chicago" /> In 1949, the company worked with designer [[Russel Wright]] to develop "Meladur", a [[melamine]] [[dinnerware]].<ref>{{Cite web \| url=https://npgallery.nps.gov/GetAsset/9d9563bc-c7e8-46b7-b600-348f055fbb74 \| title=NATIONAL HISTORIC LANDMARK NOMINATION: MANITOGA \| publisher=[[National Park Service]] \| date=February 17, 2006 }}</ref> Effective January 1, 2000, General American Transportation Corporation was renamed GATX Rail Corporation, a unit of GATX Corporation.<ref>{{Cite web \| url=https://www.annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GMT_1999.pdf \| title=GATX Corporation 1999 Annual Report}}</ref> In 2004, the company sold its technology-leasing unit to [[CIT Group]] for about $200 million in cash.<ref>{{Cite news \| url=https://www.nytimes.com/2004/04/16/business/company-news-cit-to-buy-leasing-unit-from-gatx-for-about-200-million.html \| title=~~COMPANY~~Company ~~NEWS;~~News: CIT TO BUY LEASING UNIT FROM GATX FOR ABOUT $200 MILLION \| agency=[[Bloomberg News]] \| work=[[The New York Times]] \| date=April 16, 2004 \| url-access=limited}}</ref> 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.<ref>{{Cite press release \| url=https://www.businesswire.com/news/home/20130926005750/en/GATX-Corporation-Announces-the-Sale-of-Its-Interest-in-AAE-Cargo \| title=GATX Corporation Announces the Sale of Its Interest in AAE Cargo \| publisher=[[Business Wire]] \| date=September 26, 2013}}</ref> In March 2014, the company acquired the North American per diem boxcar fleet of [[GE Capital Rail Services]], consisting of more than 18,500 boxcars.<ref>{{Cite press release \| url=https://www.businesswire.com/news/home/20140324005210/en/GATX-Corporation-Announces-Acquisition-of-More-Than-18500-Railcars-from-GE-Capital-Rail-Services \| title=GATX Corporation Announces Acquisition of More Than 18,500 Railcars from GE Capital Rail Services \| publisher=[[GlobeNewswire]] \| date=March 24, 2014 }}</ref> In November 2018, the company announced an agreement to acquire up to 3,100 railcars from [[ECN Capital]] for up to $229 million.<ref>{{Cite press release \| url=https://www.globenewswire.com/news-release/2018/11/12/1650024/0/en/GATX-Corporation-Announces-Acquisition-of-Up-to-3-100-Railcars.html \| title=GATX Corporation Announces Acquisition of Up to 3,100 Railcars \| publisher=[[GlobeNewswire]] \| date=November 12, 2018}}</ref> In May 2020, the company sold [[American Steamship Company]], its dry bulk vessel business, to Rand Logistics for $260 million.<ref>{{Cite press release \| url=https://www.globenewswire.com/news-release/2020/05/14/2033603/0/en/GATX-Corporation-Completes-Sale-of-American-Steamship-Company-Business-Segment.html \| title=GATX Corporation Completes Sale of American Steamship Company Business Segment \| publisher=[[GlobeNewswire]] \| date=May 14, 2020 }}</ref> In December 2020, the company acquired Trifleet Leasing Holding B.V., the fourth largest global [[tank container]] lessor.<ref>{{Cite press release \| url=https://www.globenewswire.com/news-release/2020/12/30/2151727/0/en/GATX-Corporation-Acquires-Tank-Container-Lessor-Trifleet-Leasing.html \| title=GATX Corporation Acquires Tank Container Lessor Trifleet Leasing \| publisher=[[GlobeNewswire]] \| date=December 30, 2020 }}</ref> ==Reporting marks== [[File:GATX 37 84 7829 533-0, 2020 Albertirsa.jpg\|thumb\|200px\|GATX tank car in Europe]] GATX's primary freight car ~~marks~~[[reporting mark]]s are: * GATX (for tank cars) * GACX (for general-service freight cars) Line 55 ⟶ 57: * GPFX (for pressure-differential cars) GATX also owns other marks including CGTX, 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.<ref>{{cite web \|title=Interchange: General American Transportation Corp. \|url=https://jbritton.pennsyrr.com/index.php/tpm/interchange-series/644-interchange-general-american-transportation-corp \|website=pennsyrr.com ~~\|publisher=PENNSYRR.COM~~ \|access-date=February 5 ~~February~~, 2022}}</ref> ==References== Line 62 ⟶ 64: ==External links== {{Commons category\|General American Transportation Corporation}} * {{Official website~~\|gatx.com~~}} {{Illinois Corporations}} {{Refrigerator Car Lines of the United States}} {{S&P 400 companies}} {{Authority control}} [[Category:1898 establishments in Illinois]] [[Category:1910s initial public offerings]] Line 74 ⟶ 78: [[Category:Transportation companies based in Illinois]] [[Category:Transportation companies of the United States]] [[Category:Companies in the S&P 400]]