Website: N/A
Stock Symbol: NYSE: GMT
Market Value: N/A (in millions)
GATX Corporation (“GATX” or the “Company”) leases, manages, operates and invests
in long-lived, widely used assets in the rail, marine and industrial equipment
markets. Headquartered in Chicago, Illinois, GATX has three financial reporting
segments: Rail, Specialty and American Steamship Company (“ASC”).
At December 31, 2006, GATX had balance sheet assets of $4.6 billion, comprised
largely of railcars and marine vessels. GATX also utilized approximately
$1.3 billion of assets, primarily railcars, which were leased-in under operating
leases and therefore were not recorded on the balance sheet.
In 2006, GATX agreed to sell the majority of its aircraft leasing business to
Macquarie Aircraft Leasing Limited (“MALL”). The sale was completed in two
stages: the sale of the wholly owned aircraft closed on November 30, 2006, and
the sale of the partnered aircraft closed on January 17, 2007.