Andrzej Tomczuk's questions to GATX (GATX) leadership • Q2 2025
Question
Andrzej Tomczuk of Goldman Sachs inquired about the potential impact of a major transcontinental rail merger on the leasing business, the sustainability of the high 24% lease price renewal rate, and the approval timeline for the Wells Fargo Rail transaction.
Answer
President & CEO Robert Lyons stated it was too early to assess the rail merger's impact but noted that long-term rail efficiency is positive for lessors. Executive VP & President of Rail North America, Paul Titterton, indicated that lease pricing is expected to remain stable and flattish without a new external catalyst. Regarding the Wells Fargo deal, Mr. Lyons confirmed the regulatory timeline is proceeding as planned with no change to the Q1 2026 or earlier closing estimate.