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CHICAGO - GATX Corporation (NYSE:GATX), a transportation assets lessor with a market capitalization of $6.3 billion and impressive gross profit margins of 74%, announced Tuesday that its subsidiary, GATX Rail Europe (GRE), has reached an agreement to acquire approximately 6,000 railcars from DB Cargo AG, one of Europe’s largest rail freight operators. Under the terms of the deal, GRE will purchase the railcars and lease them back to DB Cargo. According to InvestingPro data, GATX’s stock is trading near its 52-week high of $177.71, reflecting strong investor confidence in the company’s growth strategy.
The transaction is expected to close by the end of 2025, pending regulatory approvals. Financial details of the purchase were not disclosed in the company’s press release statement.
"This award underscores our commitment to providing innovative and flexible leasing solutions to our customers," said Christopher LaHurd, SVP International of GATX. "The acquisition of these railcars will further diversify our portfolio and strengthen our position in the European rail market."
Robert C. Lyons, President and CEO of GATX Corporation, added that the company expects the transaction to "deliver significant value to our shareholders."
The acquisition will expand GRE’s fleet, which consisted of approximately 30,500 wagons as of June 30, 2025. The portfolio to be acquired includes a diverse mix of freight railcar types.
GATX Corporation, headquartered in Chicago, specializes in leasing transportation assets including railcars, aircraft spare engines, and tank containers to customers worldwide. The company has maintained an uninterrupted quarterly dividend since 1919.
In other recent news, GATX Corporation reported impressive financial results for the second quarter of 2025. The company achieved earnings per share of $2.06, surpassing the forecasted $1.95. Additionally, GATX’s revenue exceeded expectations, reaching $430.5 million compared to the anticipated $425.52 million. In a separate development, GATX announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired for its planned acquisition of Wells Fargo’s rail operating lease portfolio. This acquisition is part of a joint venture with Brookfield Infrastructure and has already received clearance from the European Commission. However, it still awaits approval from Canadian and Mexican competition authorities. GATX anticipates the deal to close in the first quarter of 2026 or earlier. These developments highlight significant progress for GATX in both its financial performance and strategic expansion efforts.
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