Railcar lessor GATX anticipates a favorable railcar leasing market for 2022 amid demand for railcars in North America and Europe.
The company expects market lease rates to increase above average expiring rates for railcars renewing during the year, said GATX (NYSE: GATX) President and CEO Brian A. Kenney in a Tuesday release. Combined with higher asset disposition plans, GATX’s North America segment is expected to see higher segment profit in 2022.
“For the first time in years, the market for...
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