As railcar lessor GATX (NYSE: GATX) looks at the second half of this year, there are three prominent factors that could put pressure on the company’s lease rates, renewal activity and asset utilization.
Those factors are a potential second wave of the coronavirus pandemic in the U.S., economic uncertainty both in the U.S. and abroad, and an overabundance of railcars currently in the market, executives said during the company’s second-quarter earnings call on Tuesday, July 21.
“We need to see...
https://www.freightwaves.com/news/pandemic-economy-and-market-oversupply-weigh-on-gatxs-2020-view