GATX

GATX Corporation

A GATX locomotive
Type	Public
Traded as	: GATX S&P 400 Component
Industry	Railway Equipment Leasing
Founded	Chicago, Illinois, U.S. (1898 (1898))
Headquarters	Chicago, Illinois, U.S.
Area served	United States
Revenue	US$ 1.243 billion (2012)
Net income	US$ 137.3 million (2012)
Total assets	US$ 6.1 billion (2012)
Total equity	US$ 1.244 billion (2012)
Number of employees	2,046 (2012)
Divisions	Rail North America Rail International American Steamship Company Portfolio Management
Website	gatx.com

GATX Corporation (: GATX) 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 and marine assets, including ownership of the American Steamship Company, which operates on the Great Lakes. The CEO/Chairman is Brian A. Kenney.

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.

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, First Union, Union Tank Car Company, Trinity Industries Leasing, ARL, and Helm Financial.

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". 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.