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GATX Corp. Message Board

  • aayushaatmaj aayushaatmaj Apr 26, 2011 11:16 AM Flag

    GATX Corp

    Profit from the Rail segment declined to $44.4 million in the reported quarter from $50.2 million in the year-ago quarter. Lease renewal pricing on cars showed a massive improvement in the reported quarter.
    GATX’s Lease Price Index (LPI) improved substantially to negative 0.5% from negative 15.2% in the year-ago quarter due to the lower number of idle railcars. Further, the company increased the term of lease renewals to 41 months compared to 31 months in the year-ago quarter.
    http://www.favstocks.com/gatx-misses-on-bottom-line/2549560/

 
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