High Fleet Utilization in North America
GATX Rail North America's fleet utilization remained high at 98.9%, with a positive renewal rate change of 22.8% for the quarter and an average renewal term of sixty months.
Remarketing Income Growth
Generated over $60 million in remarketing income during the quarter, bringing the year-to-date total to approximately $81 million, with expectations for a strong fourth quarter.
Engine Leasing Performance
Engine leasing performed very well with high demand for aircraft spare engines. Acquired seven additional engines for $147.1 million during the quarter.
Positive Year-to-Date Earnings Growth
Year-to-date 2025 net income was $236.3 million, up from $207.7 million for the same period in 2024.
Strong Performance in India
Rail freight volume in India remains robust with 600 new railcars delivered during the quarter and fleet utilization maintained at 100%.