CHICAGO, May 13 /PRNewswire-FirstCall/ -- GATX Rail today announced that
it completed the acquisition of 2,700 railcars in Mexico, positioning GATX
Rail as the leading rail equipment lessor in this important market. GATX de
Mexico S.A. de C.V., GATX Rail's Mexican-based railcar leasing and service
operation, acquired the cars from Joseph Transportation, a privately-held
transportation company. Terms of the transaction were not disclosed.
David M. Edwards, president of GATX Rail, stated, "GATX Rail has
established a comprehensive railcar leasing and service network in North
America, and Mexico is a key component of this network. This fleet
acquisition expands our existing presence in Mexico, complements our strong
positions in the U.S. and Canada, and is consistent with our strategy of
providing customers with seamless service across North America."
Lorenzo Reffreger, director general of GATX de Mexico, stated, "With this
acquisition, GATX de Mexico now has over 6,200 railcars in its fleet,
positioning GATX as the largest railcar lessor in this market. These railcars
serve some of the largest and most important industrial and transportation
companies in Mexico, and we look forward to continued expansion of these
customer relationships."
The cars acquired include specialized freight cars, box cars, and a
limited number of tank cars. The railcars serve a customer base that is
diversified across a number of industries, including the manufacturing,
chemical, and food sectors.
COMPANY DESCRIPTION
GATX Rail is a division of GATX Financial Corporation, a wholly owned
subsidiary of GATX Corporation (NYSE: GMT). GATX is a specialized finance and
leasing company. It uniquely combines asset knowledge and services,
structuring expertise, partnering and risk capital to provide business
solutions to customers and partners worldwide. In addition to railcar and
locomotive operating leasing, GATX specializes in aircraft operating leasing,
information technology leasing, venture finance and specialty finance.
Investor, corporate information and press releases may be found at
http://www.gatx.com . A variety of current financial information, historical
financial information, press releases and photographs are available at this
site.
SOURCE GATX Corporation
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Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/105121.html
CONTACT:
Robert C. Lyons, Vice President, Investor
Relations of GATX Corporation, +1-312-621-6633
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