Andrzej Tomczuk's questions to GATX (GATX) leadership • Q2 2025
Question
Andrzej Tomczuk of Goldman Sachs inquired about the potential impact of the recently announced transcontinental rail merger on the railcar leasing business, the sustainability of the high lease price renewal rates, and the regulatory approval timeline for the Wells Fargo Rail transaction.
Answer
President & CEO Bob Lyons stated it was too early to assess the rail merger's impact but noted that long-term efficiency gains are positive for lessors. He also confirmed the Wells Fargo deal timeline is tracking as planned. EVP & President of Rail North America, Paul Titterton, added that the lease rate environment remains strong and stable, supported by supply-side factors, and expects absolute lease rates to remain flattish without a new catalyst.