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Line 1: {{Use American English\|date=April 2023}} {{Use mdy dates\|date=April 2023}} {{Short description\|Equipment finance company}} {{Infobox company \| name = GATX Corporation ~~\|image=EMD GP38-2 GMTX 2146.jpg~~ \| logo = GATX Logo.svg \|image_caption=A GATX [[EMD GP38-2\|GP38-2]] locomotive▼ \| ~~name~~image = EMD GP38-2 GMTX ~~= GATX Corporation~~2146.jpg ▲\| image_caption = A GATX [[EMD ~~GP38-2\|~~GP38-2]] locomotive ~~\| logo = File:General_American_Transportation_Corporation_logo.gif~~ \| type = [[Public company~~\|Public~~]] \| traded_as = {{NYSE\|GATX}}<br>[[List of S&P 400 companies\|S&P 400 ~~Component~~]] component \| industry = Railcar leasing \| foundation = ~~[[Chicago\|Chicago, Illinois]], U.S. (~~{{Start date and age\|1898}}) \| location = [[Chicago, Illinois]], U.S.▼ \| ~~area_served~~founder = ~~United~~Max ~~States~~Epstein ▲\| location = [[Chicago]], [[Illinois]]~~, U.S.~~ ~~\| industry = Railway Equipment Leasing~~ \| key_people = Robert C. Lyons, [[CEO]] \| revenue = {{nowrap\|{{increase}} [[United States dollar\|US$]] 1.36 billion (2018)<ref name=YahooFinance>{{cite web\|url=https://finance.yahoo.com/q/is?s=GATX+Income+Statement&annual\|title=YahooFinance}}</ref>}} \| ~~net_income~~ revenue = {{~~decrease~~increase}} US$ ~~211~~1.30209 ~~million~~billion (~~2018~~2020)~~<ref name=YahooFinance/>~~ \| ~~assets~~ net_income = {{~~increase~~decrease}} US$151 ~~7.61 billion~~million (~~2018~~2020)~~<ref name=YahooFinance/>~~ \| ~~equity~~ assets = {{~~decrease~~increase}} US$ 18.79937 billion (~~2018~~2020)~~<ref name=YahooFinance/>~~ \| equity = {{increase}} $1.957 billion (2020) ~~\| num_employees = ~2,200 (2018)<ref name=YahooFinance/>~~ \| num_employees = 1,904 (2020) ~~\| divisions = Rail North America <br /> Rail International <br /> American Steamship Company <br /> Portfolio Management~~ \| 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" /> ==History== ~~{{More citations needed\|date=September 2014}}~~ [[File:MaspethDSC02183 09.jpg\|thumb\|GATX freight car in New York City]] '''GATX Corporation''' ({{NYSE\|GATX}}) is an equipment finance company based in [[Chicago, Illinois\|Chicago]], [[Illinois]]. Founded in 1898, GATX's primary activities consist of [[railway car\|railcar]] operating leasing in North America and Europe. In addition, GATX leases [[locomotive]]s in North America, and also has significant investments in industrial equipment and marine assets, including ownership of the [[American Steamship Company]], which operates on the Great Lakes. The CEO/Chairman is Brian A. Kenney. 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 encyclopedia \|url=http://www.encyclopedia.chicagohistory.org/pages/2681.html \|title=General American Transportation Corp \|encyclopedia=[[Encyclopedia of Chicago]] }}</ref> 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.<ref name="chicago" /> GATX Corporation is divided into four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. Portfolio Management consists largely of the corporation's non-rail and non-Great Lakes assets.<ref name="ar-2012" /> 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> GATX is one of several major North American rail operating lessors, and measured by fleet size, ranks as number two in this market behind [[GE Rail Services]]. Other major North American rail operating lessors include [[CIT Group\|CIT]], Wells Fargo Rail, [[Union Tank Car Company]], and [[Trinity Industries]] Leasing. 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> 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'''. History includes GATX working with famous designer [[Russel Wright]] to develop "Meladur", a famous melamine dinnerware from 1943-1945, using Melmac by [[American Cyanamid]] which was to be used on passenger cars and in hospitals marked with the name "General American".<ref name="mel" /> Since all non-railroad owners of railcars must append an "X" to the end of their mark, GAT became GATX. 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 freightcar 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. 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 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> ~~The General American Transportation Corporation became GATX Rail Corporation, a unit of the GATX Corporation, on January 1, 2000.<ref name="pr" /><ref name="ar-1999" />~~ 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> 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. 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> The most common type of car in the GATX North American fleet is the [[tank car]]; other major car types include [[covered hopper]]s, open-top [[hopper car\|hoppers]], and [[gondola (rail)\|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. 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> ==References==▼ ~~{{reflist\|2\|refs=~~ 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> <ref name="ar-1999">{{cite web \| url = http://media.corporate-ir.net/media_files/NYS/GATX/reports/GATX_1999_AR.pdf \| title = GATX Annual Report 1999 \| year = 2012 \| publisher = GATX \| location = Chicago, Ill. \| accessdate = 2013-04-11 \| page = 8 }}{{Dead link\|date=October 2019 \|bot=InternetArchiveBot \|fix-attempted=yes }}</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> <ref name="ar-2012">{{cite web \| url = http://ir.gatx.com/phoenix.zhtml?c=70051&p=irol-IRHome \| title = GATX Annual Report 2012 \| year = 2012\| publisher = GATX \| location = Chicago, Ill. \| accessdate = 2013-04-11}}</ref> ==Reporting marks== <ref name="pr">{{cite web \| url = http://phx.corporate-ir.net/phoenix.zhtml?c=70051&p=irol-newsArticle&ID=67556&highlight= \| title = GATX Corporation Introduces GATX Rail Corporation \| year = 2000 \| publisher = GATX Corporation \| location = Chicago, Ill. \| accessdate = 2013-04-11}}</ref> [[File:GATX 37 84 7829 533-0, 2020 Albertirsa.jpg\|thumb\|200px\|GATX tank car in Europe]] GATX's primary freight car [[reporting mark]]s 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 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 \|access-date=February 5, 2022}}</ref> ~~<ref name="mel">{{cite web \| url = https://retrochalet.blogspot.com/p/russel-wright-meladur_08.html \| title = Russel Wright Meladur / GATX \| year = 2009 }}</ref>~~ ▲==References== ~~<ref name="GATX">{{cite web \| url = https://www.sec.gov/Archives/edgar/data/40211/000095013703005607/0000950137-03-005607.txt \| title = SEC archives / GATX \| year = 2020 }}</ref>~~ {{Reflist}} }} ==External links== {{~~commons~~Commons category\|General American Transportation Corporation}} * ~~[http://www.gatx.com/ GATX] official~~{{Official website}} {{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]] [[Category:Companies based in Chicago]] [[Category:Companies listed on the New York Stock Exchange]] [[Category:~~Companies~~Rolling ~~based~~stock inleasing ~~Chicago~~companies]] [[Category:Transportation companies based in Illinois]] [[Category:Transportation companies of the United States]] [[Category:~~Rolling~~Companies ~~stock~~in ~~leasing~~the ~~companies~~S&P 400]]