GATX Corporation now expects the Wells Fargo rail acquisition to contribute at least double its initial EPS estimate for 2026, driven by stronger portfolio performance and robust asset remarketing. Rail North America fleet utilization held at 98% with a renewal success rate of 82.6%, while the renewal lease price index rose 16.8%. Gains on asset dispositions reached $67.7 million in the second quarter, with the legacy portfolio running well ahead of its full-year target of $130 million. The engine leasing segment also performed strongly, though a one-time boost from maintenance reserve releases is not expected to recur at the same level. The company noted no material impact to date from Section 232 tariffs on imported tank cars.
GATX CorporationGATX doubles expected EPS benefit from Wells Fargo rail acquisition, driven by strong portfolio performance and asset remarketing.
Wells Fargo & Company