Freight

GATX buys 18 500 wagons from GE Capital Rail Services

2014-03-24T16:29:00

GATX wagon.

USA: GATX Corp announced the purchase of GE Capital Rail Services' North American per diem boxcar fleet of more than 18 500 vehicles for $340m on March 24. The fleet has an average age of 34 years, and GATX expects it to generate $70m in annual revenues.

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