GATX Corporation announced its acquisition of 156 locomotives from Progress Rail for an undisclosed amount. The acquired fleet mix is consistent with GATX’s locomotive fleet strategy.

“This acquisition supports GATX’s commercial strategy of offering locomotives for lease as a complementary product which is valued by our railcar leasing customers,” said Paul F. Titterton, executive vice president and president, GATX Rail North America. “As the premier rail rolling stock lessor in North America, we are excited to grow our ability to provide high quality locomotives to the market. We look forward to continuing to serve existing GATX locomotive customers and to working with new customers that this transaction brings.”

As of June 30, 2024, GATX Rail North America’s wholly owned fleet was composed of approximately 111,100 railcars, including 8,990 boxcars, and approximately 500 locomotives. Upon closing, this acquisition brings GATX’s locomotive fleet count to over 650 units.

-via Press Release