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GATX Corporation Reports 2018 First

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canada goose outlet phone number CHICAGO, April 19, 2018 (GLOBE NEWSWIRE) GATX Corporation(NYSE:GATX) today reported 2018 first quarter net income of $76.3 million or $1.98 per diluted share, compared to net income uk canada goose of $57.5 million or $1.44 per diluted share in the first quarter of 2017. canada goose outlet phone number

canada goose outlet online store Brian A. Kenney, president canada goose clearance sale and chief executive officer of GATX, stated, “The condition of the North American railcar leasing market in the first quarter was consistent with our expectations entering the year. Rail industry carload data and operating metrics showed mixed performance relative buy canada goose jacket cheap to canada goose uk outlet 2017, and 2018 improvement in the railcar leasing market remains uncertain due canada goose clearance to the canadian goose jacket oversupply of existing railcars and the large railcar manufacturing backlog. canada goose outlet online store

canada goose outlet uk fake “GATX’s fleet utilization remained stable at cheap Canada Goose 98.2% in the quarter due to outstanding execution by our canada goose uk shop commercial team. We continue to effectively deploy railcars and have currently placed new railcar deliveries with customers through the end of 2018. The renewal lease rate change canada goose factory sale of GATX’s Lease Price Index (“LPI”) was negative 11.6%, with an average renewal term of Canada Goose Parka 34 months. While this LPI metric improved, we expected quarterly volatility in 2018, and we still anticipate the 2018 annual change to be at least canada goose uk black friday negative 25% as market lease rates remain at low levels. The secondary railcar Canada Goose Outlet market was strong as evidenced by our remarketing income of $50.0 million for the quarter, which canada goose represents the majority of our expected remarketing activity for 2018. canada goose outlet uk fake

canada goose outlet 2015 “Rail International produced buy canada goose jacket solid operating results, with GATX Rail Europe’s fleet utilization at 96.7%. The lease rate environment in Europe has stabilized and demand for new cars remains steady. American Steamship Company’s sailing season began at the end of March, and ten vessels are currently scheduled Canada Goose sale to operate in 2018. The Rolls Royce and Partners Finance affiliates had another excellent quarter as demand for spare aircraft engines continues to be strong.” canada goose outlet 2015

canada goose outlet nyc Mr. Kenney concluded, “The year is progressing as we expected, and therefore at this time our 2018 full year earnings estimate is unchanged at $4.55 $4.75 canada goose black friday sale per diluted share.” canada goose outlet nyc

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canada goose stockists uk Rail North America reported segment profit of $108.9 million in the first canada goose coats quarter of 2018, compared to $93.0 million in the first quarter canada goose store of 2017. Higher gains on asset dispositions in the first quarter of 2018 were partially offset by lower lease revenue, resulting in higher segment profit in 2018. canada goose stockists uk

canada goose outlet online uk At March 31, 2018, Rail North America’s wholly owned fleet comprised approximately Canada Goose Online 119,000 railcars, including approximately 16,200 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet. canada goose outlet online uk

canada goose outlet in usa Fleet utilization was 98.2% Canada Goose online at the end of the first quarter, compared to 98.2% at the end of the prior quarter and 99.1% at the end of the first quarter of 2017. During the first quarter of 2018, the renewal lease rate change of the GATX Lease Price Index (“LPI”) was negative 11.6%. This compares to negative 32.4% in the prior quarter and negative 32.6% in the first quarter of 2017. The average lease renewal term for cars included in the LPI during the first quarter was 34 months, compared to 36 months in the prior quarter and 29 months in the first quarter Canada Goose Coats On Sale of 2017. The first quarter renewal success rate was http://www.canadagoosecanadaoutlet.com 76.7%. Rail North America’s investment volume during the first quarter was approximately $137 million. The improvement in segment profit was primarily driven by more cars on lease and a favorable foreign exchange variance. canada goose outlet in usa

canada goose outlet toronto At March 31, 2018, cheap canada goose uk GATX Rail Europe’s (GRE) fleet consisted of approximately 23,000 uk canada goose outlet cars and utilization canada goose coats on sale was 96.7%, compared to 96.8% at the end of the canada goose outlet prior quarter and 95.0% at the end of the first quarter of 2017. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for 120 years. GATX has been headquartered in Chicago, Illinois, since its founding in 1898. Eastern Time canada goose outlet toronto.