INDIA: Via its GATX India subsidiary, Chicago-based wagon leasing firm GATX Corp has entered the Indian market with the purchase of 10 rakes of 45 container wagons. They will be leased to Arshiya Rail Infrastructure for 10 years.
'We are pleased to be the first leasing company registered under Indian Railways' Wagon Leasing Scheme', said GATX Corp President & CEO Brian A Kenney on May 22. 'We believe rail wagon leasing in India will provide an attractive growth opportunity for GATX'.
TURKEY: GATX Corp's tank wagon leasing business GATX Rail Europe has entered the Turkish market with the deployment of a fleet of 95 m3 petroleum tank wagons ordered from RAIL Tur of Kayseri. Transtur will mange the fleet, which carries refined products for BP Turkey. 'It is especially satisfying ...
USA: Leasing firm GATX Corp has agreed to order 12 500 tank and other wagons from Trinity Industries over the next five years, the companies announced on March 15. TrinityRail Group President D Stephen Menzies said the long-term deal would provide the manufacturer with 'production continuity', while GATX President & ...
USA: Asset leasing company GATX Corp has purchased a 12·5% stake in Adler Funding LLC, a newly-created entity which has acquired a fleet of 5 350 wagons. GATX will manage the portfolio on behalf of the financial institutions which own the remainder of the firm. 'This opportunity demonstrates GATX's ...
