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Indiaexportnews.com

GATX Corporation announces long-term railcar order

  04.11.2014    

GATX Corporation has entered into an agreement to purchase up to 8,950 newly built railcars over a four-year period, beginning in March 2016. GATX may order both tank and freight cars, though the majority of the order will be for tank cars. The railcars will be manufactured by a subsidiary of Trinity Industries, Inc.
“GATX’s existing 12,500-car, five-year supply agreement with Trinity ends in mid-2016. We have placed more than 10,500 cars from that order on long-term leases with our customers. Placing this new order with North America’s premier railcar manufacturer allows us to continue to meet our customers’ needs with competitively priced railcars for years to come,” said Brian A. Kenney, GATX’s president and chief executive officer.



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