GATX News

Capacity cut by American Airlines (AAL) due to the COVID-19 pandemic is worrisome. However, focus on cargo-only flights and low fuel costs are positives

Union Pacific's (UNP) ability to generate free cash flow as well as its cost-control initiatives are positive. Meanwhile, decline in shipments due to the coronavirus pandemic and high debts are worrisome

FedEx (FDX) will impose surcharges of 45 cents per pound on international shipments to/from China and among countries in the Asia Pacific belt.

Weakness in the railcar leasing market and below-par performance of the Rail International segment put pressure on GATX.

Shares of GATX (NYSE:GATX) rose 0.6% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 16.96% over the past year to $1.31, which beat the estimate of $1.22.Revenue of $308,900,000 less by 2.56% from the same period last year, which missed the estimate of $310,300,000.Guidance GATX hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 04, 2020View more earnings on GATXTime: 12:01 PM ETWebcast URL: https://edge.media-server.com/mmc/p/hgcxqtkcPrice Action 52-week high: $86.01Company's 52-week low was at $50.69Price action over last quarter: down 29.49%Company Overview GATX Corp is a provider of railcar leasing and maintenance services. GATX operates four business segments: rail North America, rail international, an American steamship company, and portfolio management. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.See more from Benzinga * Recap: Kelly Services Q1 Earnings * PetMed Express: Q4 Earnings Insights * Ferrari: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Lower marine operating expenses drive GATX Corp's (GATX) first-quarter 2020 results. However, lower profitability in the Rail International segment is a concern

Image source: The Motley Fool. GATX Corp (NYSE: GATX)Q1 2020 Earnings CallMay 4, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, everyone, welcome to today's GATX 2020 First Quarter Conference Call.

Due to the public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its employees, shareholders and community, GATX Corporation (GATX) announced that its Annual Meeting of Shareholders, to be held on Friday, April 24, 2020 at 9 a.m. Central Time, has been changed from an in-person meeting in Chicago, Illinois to a virtual meeting format only. During the annual meeting, GATX will cover items of business outlined in its 2020 Proxy Statement. To access the virtual meeting, visit http://www.meetingcenter.io/275628729 and enter the 15-digit Control Number provided in the proxy card received and the password “GATX2020”.

Drop in air travel demand due to coronavirus-induced global unrest hurts SkyWest's (SKYW) shares significantly

Moody's Investors Service, ("Moody's") has affirmed GATX Corporation's (GATX) Baa2 issuer and long-term senior unsecured ratings and its Prime-2 short-term rating. It has also affirmed GATX Financial Corporation's backed long-term senior secured rating at Baa1.

Expeditors (EXPD) Q1 performance is likely to have been dampened by draining volumes due to the coronavirus outbreak.

Anyone researching GATX Corporation (NYSE:GATX) might want to consider the historical volatility of the share price...

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

CHICAGO, April 24, 2020 -- The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.48 per common share, payable June 30, 2020, to.

Q1 2020 GATX Corp Earnings Call

Net income for the first quarter 2020 was $46.3 million or $1.31 per diluted shareGATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemicRail North.

GATX Corporation (GATX) today announced that it completed the sale of its American Steamship Company (ASC) business to Rand Logistics, LLC for approximately $260 million in cash proceeds, subject to customary post-closing adjustments. This is the final step in the sale of ASC to Rand Logistics, LLC, as previously announced on Feb. 10, 2020. GATX expects to use the net sales proceeds to repay outstanding indebtedness under its $250 million revolving credit facility‎.

Today we'll evaluate GATX Corporation (NYSE:GATX) to determine whether it could have potential as an investment idea...