Tom Ellman

“From time to time, we collect maintenance reserves from customers to ensure that funds are available for required maintenance when those events. If it ever becomes evident that these funds are no longer required for maintenance, they're taken into income.”

“So GATX started in 1898 as a rail car leasing company in North America. And that is still the biggest part of our business. GATX has a little over 200,000 rail cars in North America, represents about 70% of our total netbook value.”

“So what I'll tell you is obviously we're very active in the secondary market in both the North American rail market and the aircraft engine leasing market. And you can see from the consistent returns that we deliver, you know, if you look over the last decade, We've averaged over $70 million a year.”

“So, as Bob stated, we're targeting something in the range of $200 million for gains on As you know, those tend to be pretty lumpy quarter to quarter.”

“So, Bascom, first of all, it's important to know what we issued. So, that 8K is looking at what happened if the transaction for income statement purposes closed in 1-1-2024.”