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Overview
The GATX Corporation is a global transportation leasing and finance company based in Chicago, Illinois. The company was founded in 1898 as the General American Tank Car Corporation and originally specialized in leasing railroad tank cars. Over the years, GATX expanded its operations to include intermodal and marine shipping containers, railcars for various commodities, and aircraft engines. Today, GATX operates a diversified portfolio of approximately 142,000 railcars, 650 aircraft engines, and 600 locomotives, serving customers in over 50 countries. The company's core business is leasing equipment to a wide range of industries, including petroleum, chemical, agricultural, and construction. GATX also offers maintenance and management services for its leased assets. In addition to its transportation leasing business, GATX operates a finance division that provides railcar mortgage loans and asset-related financial solutions. The company also has a small railcar repair and maintenance business. GATX is committed to sustainability and has implemented various initiatives to decrease its environmental impact, including using alternative fuels and implementing energy-efficient technologies. The company has also received numerous awards for its safety and environmental practices. GATX is listed on the New York Stock Exchange under the ticker symbol "GATX" and has a market capitalization of over $4 billion as of 2021. The company has a worldwide workforce of approximately 2,000 employees.
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