Exhibit 99.1
NEWS RELEASE
image0a04a01a46a.jpg

FOR IMMEDIATE RELEASE

GATX CORPORATION REPORTS 2026 FIRST-QUARTER RESULTS
•First-quarter GAAP diluted earnings per share (EPS) of $2.35
•Rail North America's utilization for the combined fleet remains high at 98.1% at quarter end
•First-quarter Lease Price Index (LPI) of 22.3%
•Demand for aircraft spare engines remains strong
•Company reiterates 2026 full-year earnings guidance

CHICAGO, May 7, 2026—GATX Corporation (NYSE: GATX) today reported 2026 first-quarter net income attributable to GATX of $85.5 million, or $2.35 per diluted share, compared to net income attributable to GATX of $78.6 million, or $2.15 per diluted share, in the first quarter of 2025.

"Consistent with our expectations entering the year, our global businesses performed well in the first quarter," said
Robert C. Lyons, president and chief executive officer of GATX. "Integration of the Wells Fargo rail operating lease fleet is progressing well, positioning us to serve customers with an expanded portfolio supported by our operational and commercial expertise. Beginning this quarter, commercial metrics and fleet statistics for Rail North America reflect the combined legacy and newly acquired fleets, consistent with consolidation in our financial statements. At quarter end, Rail North America's fleet utilization remained high at 98.1%, and the first-quarter renewal success rate was 79.1%, reflecting stable demand for existing railcars. The renewal lease rate change of GATX’s Lease Price Index was 22.3% with an average renewal term of 56 months. Furthermore, we generated first-quarter gains on asset dispositions of approximately $50.0 million, reflecting continued strength in the secondary market and strong asset valuations.
"At GATX Rail Europe, fleet utilization remained steady at 94.7% in the first quarter. Our European team achieved increases in renewal lease rates compared to expiring rates across the majority of car types, despite macroeconomic pressures weighing on our customers' fleet planning activities. At GATX Rail India, demand for railcars remained solid, with fleet utilization at 100.0% at quarter end.


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"Within Engine Leasing, we continued to benefit from strong demand for aircraft spare engines, with solid performance across our engine portfolios in the first quarter. While we are closely monitoring developments related to the Middle East conflict and their implications for global air travel and airline financial performance, based on the resiliency the industry has demonstrated through various external events over many decades, we remain confident in the long-term strength of this business."

Mr. Lyons added, "First-quarter investment volume totaled more than $4.5 billion, including the acquisition of Wells Fargo’s rail operating lease portfolio for approximately $4.2 billion. During the quarter, we executed on attractive investment opportunities to acquire new and existing railcars across our global rail businesses."

Mr. Lyons concluded, “Our first quarter progressed largely as we anticipated. Our expanded portfolio of long‑lived assets, deep customer relationships across diverse end markets, and consistently strong cash flows position us well to navigate increased macro uncertainty. We will monitor our markets for impacts from the war in the Middle East, while continuing to execute on our disciplined growth strategy. Based on first-quarter results and our current outlook, we continue to expect 2026 full-year earnings to be $9.50–$10.10 per diluted share, excluding the impact of Tax Adjustments and Other Items.”

RAIL NORTH AMERICA
Rail North America reported segment profit of $103.9 million in the first quarter of 2026, compared to $88.8 million in the first quarter of 2025. Higher 2026 first-quarter segment profit was driven by higher lease revenue and higher gains on asset dispositions.

As of March 31, 2026, Rail North America’s fleet totaled approximately 206,100 cars, including 9,900 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet.

Fleet utilization was 98.1% at the end of the first quarter of 2026, compared to 99.0% at the end of the prior quarter and 99.2% at the end of the first quarter of 2025. At the time of the Wells Fargo acquisition, GATX Rail North American's fleet utilization was 99.0%, while Wells Fargo Rail's fleet utilization was 96.5%. Therefore, utilization of 98.1% is a byproduct of the fleet combination and consistent with expectations outlined at the beginning of this year.

During the first quarter of 2026, the renewal lease rate change of the GATX Lease Price Index (LPI) was 22.3%, compared to 21.9% in the prior quarter and 24.5% in the first quarter of 2025. The average lease renewal term for all cars included in the LPI during the first quarter of 2026 was 56 months, compared to 58 months in the prior quarter and 61 months in the first quarter of 2025. The 2026 first-quarter renewal success rate was 79.1%, compared to 91.4% in the prior quarter and 85.1% in the first quarter of 2025. Rail North America’s investment volume during the first quarter was approximately $4.5 billion, including the acquisition of Wells Fargo’s rail operating lease portfolio for approximately $4.2 billion.

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Additional fleet statistics, including information on the boxcar fleet, and macroeconomic data related to Rail North America’s business are provided in the attached Supplemental Information under Rail North America Statistics.

RAIL INTERNATIONAL
Rail International’s segment profit was $31.6 million in the first quarter of 2026, compared to $25.7 million in the first quarter of 2025. Higher 2026 first-quarter segment profit was driven by more railcars on lease, higher lease rates, and changes in foreign currency exchange rates.

As of March 31, 2026, GATX Rail Europe’s (GRE) fleet consisted of over 36,600 railcars. Fleet utilization was 94.7%, compared to 94.7% at the end of the prior quarter and 95.1% at the end of the first quarter of 2025.

As of March 31, 2026, Rail India's fleet consisted of approximately 12,500 railcars. Fleet utilization was 100.0%, compared to 100.0% at the end of the prior quarter and 99.6% at the end of the first quarter of 2025.

Additional fleet statistics for GRE and Rail India are provided on the last page of this press release.

ENGINE LEASING
Engine Leasing reported segment profit of $35.3 million in the first quarter of 2026, compared to segment profit of $38.6 million in the first quarter of 2025. Comparative results were driven primarily by the timing of remarketing income, which can vary materially from quarter to quarter. The Rolls-Royce and Partners Finance affiliates invested approximately $135.0 million in aircraft spare engines during the quarter, and the investment pipeline remains robust.

COMPANY DESCRIPTION
At GATX Corporation (NYSE:GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.



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TELECONFERENCE INFORMATION
GATX Corporation will host a teleconference to discuss its 2026 first-quarter results. Call details are as follows:

Thursday, May 7, 2026
11 a.m. Eastern Time
Domestic Dial-In: 1-800-715-9871
International Dial-In: 1-646-307-1963
Replay: 1-800-770-2030 (Domestic) or 1-609-800-9909 (International) / Access Code: 2050842

Call-in details, a copy of this press release and real-time audio access are available at www.gatx.com. Please access the call 15 minutes prior to the start time. A replay will be available on the same site starting at 2 p.m. (Eastern Time), May 7, 2026.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE
Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investor Relations” tab.











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FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements, except to the extent required by applicable law.

The following factors, in addition to those discussed in our press releases and filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

•a significant decline in customer demand for our transportation assets or services, including as a result of:
◦prolonged inflation or deflation
◦high interest rates
◦weak macroeconomic conditions and world trade policies
◦weak market conditions in our customers' businesses
◦adverse changes in the price of, or demand for, commodities
◦changes in railroad operations, efficiency, pricing and service offerings
◦changes in, or disruptions to, supply chains
◦availability of pipelines, trucks, and other alternative modes of transportation
◦changes in conditions affecting the aviation industry, including geopolitical tensions or conflicts (such as hostilities in the Middle East), geographic exposure, customer concentrations and energy costs
◦customers' desire to buy, rather than lease, our transportation assets
◦other operational or commercial needs or decisions of our customers
•reduced demand for our rail assets resulting from a change in pricing, service offerings, or operating conditions of North American railroads
•competitive factors in our primary markets
•threatened or implemented changes in tariffs or other global trade policies
•higher costs associated with increased assignments of our transportation assets following non-renewal of leases or a significant increase in compliance-based maintenance events
•events having an adverse impact on assets, customers, or regions where we have a concentrated investment exposure
•financial and operational risks associated with long-term purchase commitments for transportation assets
•reduced opportunities to generate asset remarketing income
•inability to successfully consummate and manage ongoing acquisition and divestiture activities, including the recent acquisition of the Wells Fargo fleet
•reliance on Rolls-Royce in connection with our aircraft spare engine leasing businesses

•U.S. and global political conditions and the impact of increased geopolitical tension, civil unrest and armed conflict, including the war with Iran, on domestic and global economic conditions
•potential obsolescence of our assets
•risks related to our international operations and expansion into new geographic markets, including laws, regulations, tariffs, taxes, treaties or trade barriers affecting our activities in the countries where we do business
•failure to successfully negotiate collective bargaining agreements with the unions representing a substantial portion of our employees
•inability to attract, retain, and motivate qualified personnel, including key management personnel
•inability to protect our information technology from cybersecurity threats
•risks posed by artificial intelligence
•exposure to damages, fines, criminal and civil penalties, and reputational harm arising from a negative outcome in litigation, including claims arising from an accident involving transportation assets
•changes in, or failure to comply with, laws, rules, and regulations
•environmental liabilities and remediation costs
•operational, functional and regulatory risks associated with climate change, severe weather events, and other environmental concerns
•risks associated with sustainability concerns
•prolonged inflation or deflation or interest rate increases
•deterioration of conditions in the capital markets, reductions in our credit ratings, or increases in our financing costs
•fluctuations in foreign exchange rates
•inability to obtain cost-effective insurance
•changes in assumptions, increases in funding requirements or investment losses in our pension and post-retirement plans
•inadequate allowances to cover credit losses in our portfolio
•asset impairment charges we may be required to recognize
•inability to maintain effective internal control over financial reporting and disclosure controls and procedures
•risks of a widespread health crisis



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FOR FURTHER INFORMATION CONTACT:
GATX Corporation
Shari Hellerman
Vice President, Investor Relations and Corporate Communications
312-621-4285
shari.hellerman@gatx.com


(05/07/2026)



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GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In millions, except per share data)
 
Three Months Ended
March 31
20262025
Revenues
Lease revenue
$518.7 $359.6 
Non-dedicated engine revenue
22.1 21.5 
Other revenue
42.9 40.5 
Total Revenues
583.7 421.6 
Expenses
Maintenance expense
140.7 103.5 
Depreciation expense
169.2 103.6 
Operating lease expense
7.4 7.6 
Other operating expense
21.8 16.0 
Selling, general and administrative expense
71.3 56.6 
Total Expenses
410.4 287.3 
Other Income (Expense)
Net gain on asset dispositions
51.0 33.4 
Interest expense, net
(151.0)(94.9)
Other income (expense)
6.2 (2.7)
Income before Income Taxes and Share of Affiliates’ Earnings
79.5 70.1 
Income taxes
(21.2)(16.6)
Share of affiliates’ earnings, net of taxes
20.8 25.1 
Net Income
79.1 78.6 
Less: Net Loss Attributable to Non-Controlling Interest (6.4)— 
Net Income Attributable to GATX$85.5 $78.6 
Share Data
Basic earnings per share
$2.35 $2.15 
Average number of common shares
35.7 35.9 
Diluted earnings per share
$2.35 $2.15 
Average number of common shares and common share equivalents
35.8 36.0 
Dividends declared per common share
$0.66 $0.61 











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GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In millions)
 
March 31December 31
20262025
Assets
Cash and Cash Equivalents
$740.9 $743.0 
Restricted Cash
0.1 4,241.9 
Receivables
Rent and other receivables
162.7 109.0 
 Finance leases (as lessor)
192.2 104.2 
Less: allowance for losses
(6.1)(6.0)
348.8 207.2 
Operating Assets and Facilities
19,780.9 15,662.6 
Less: allowance for depreciation
(4,328.3)(4,251.7)
15,452.6 11,410.9 
Lease Assets (as lessee)
Right-of-use assets, net of accumulated depreciation
134.7 137.4 
Investments in Affiliated Companies
752.4 732.3 
Goodwill
124.6 126.3 
Other Assets
390.1 400.5 
Total Assets
$17,944.2 $17,999.5 
Liabilities and Equity
Accounts Payable and Accrued Expenses
$278.7 $318.4 
Debt
Borrowings under bank credit facilities
49.7 82.2 
Recourse debt
12,427.3 12,451.7 
12,477.0 12,533.9 
Lease Obligations (as lessee)
Operating leases
150.9 154.3 
Deferred Income Taxes
1,215.6 1,195.7 
Other Liabilities
165.8 162.1 
Total Liabilities
14,288.0 14,364.4 
Total GATX Shareholders’ Equity
2,778.1 2,750.5 
Non-Controlling Interest
878.1 884.6 
Total Equity
3,656.2 3,635.1 
Total Liabilities and Equity
$17,944.2 $17,999.5 



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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended March 31, 2026
(In millions)


Rail North America
Rail International		Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$400.7 $100.4 $9.5 $8.1 $518.7 
Non-dedicated engine revenue
— — 22.1 — 22.1 
Other revenue
36.0 4.8 — 2.1 42.9 
Total Revenues
436.7 105.2 31.6 10.2 583.7 
Expenses
Maintenance expense
120.6 19.1 — 1.0 140.7 
Depreciation expense
126.7 27.8 10.6 4.1 169.2 
Operating lease expense
7.4 — — — 7.4 
Other operating expense
13.1 5.3 3.1 0.3 21.8 
 Total Expenses
267.8 52.2 13.7 5.4 339.1 
Other Income (Expense)
Net gain on asset dispositions
49.8 1.1 — 0.1 51.0 
Interest (expense) income, net
(114.0)(25.0)(13.3)1.3 (151.0)
Other (expense) income
(0.8)2.5 3.1 1.4 6.2 
Share of affiliates' pre-tax earnings
— — 27.6 — 27.6 
Segment Profit
$103.9 $31.6 $35.3 $7.6 $178.4 
Less:
Selling, general and administrative expense
71.3 
Income taxes (includes $6.8 related to affiliates' earnings)
28.0 
  Net Income
79.1 
  Less: Net Loss Attributable to Non-Controlling Interest(6.4)
  Net Income Attributable to GATX$85.5 
Selected Data:
Investment volume
$4,464.2 $47.4 $0.2 $8.2 $4,520.0 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$44.0 $— $— $0.1 $44.1 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
7.4 1.1 — — 8.5 
Asset impairments
(1.7)— — — (1.7)
$49.8 $1.1 $— $0.1 $51.0 
_________
(1) Includes net gains from scrapping of railcars.









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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended March 31, 2025
(In millions)


Rail North America
Rail International		Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$260.0 $83.6 $8.1 $7.9 $359.6 
Non-dedicated engine revenue
— — 21.5 — 21.5 
Other revenue
33.3 4.9 — 2.3 40.5 
Total Revenues
293.3 88.5 29.6 10.2 421.6 
Expenses
Maintenance expense
83.7 18.5 — 1.3 103.5 
Depreciation expense
70.4 20.1 9.4 3.7 103.6 
Operating lease expense
7.6 — — — 7.6 
Other operating expense
7.5 4.6 2.8 1.1 16.0 
 Total Expenses
169.2 43.2 12.2 6.1 230.7 
Other Income (Expense)
Net gain on asset dispositions
32.1 1.3 — — 33.4 
Interest (expense) income, net
(64.7)(19.1)(12.2)1.1 (94.9)
Other (expense) income
(2.7)(1.8)— 1.8 (2.7)
Share of affiliates' pre-tax earnings
— — 33.4 — 33.4 
Segment Profit
$88.8 $25.7 $38.6 $7.0 $160.1 
Less:
Selling, general and administrative expense56.6 
Income taxes (includes $8.3 related to affiliates' earnings)
24.9 
  Net Income
78.6 
  Less: Net Income Attributable to Non-Controlling Interest— 
  Net Income Attributable to GATX$78.6 
Selected Data:
Investment volume$227.7 $62.7 $— $5.9 $296.3 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets$30.5 $0.6 $— $— $31.1 
    Residual sharing income0.1 — — — 0.1 
   Non-remarketing net gains (1)5.1 0.7 — — 5.8 
  Asset impairments(3.6)— — — (3.6)
$32.1 $1.3 $— $— $33.4 
__________
(1) Includes net gains from scrapping of railcars.









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GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(In millions, except leverage)

3/31/202612/31/20259/30/20256/30/20253/31/2025
Total Assets, Excluding Cash, by Segment
Rail North America$12,242.6 $7,969.0 $7,865.3 $7,886.8 $7,888.3 
Rail International2,738.0 2,825.1 2,522.9 2,514.9 2,304.3 
Engine Leasing1,805.3 1,786.9 1,805.9 1,626.5 1,619.8 
Other417.3 433.6 415.3 416.8 396.3 
Total Assets, excluding cash$17,203.2 $13,014.6 $12,609.4 $12,445.0 $12,208.7 
Debt and Lease Obligations, Net of Unrestricted Cash
Unrestricted cash$(740.9)$(743.0)$(696.1)$(754.6)$(757.2)
Borrowings under bank credit facilities49.7 82.2 117.3 106.1 101.5 
Recourse debt12,427.3 12,451.7 8,751.3 8,741.3 8,653.1 
Operating lease obligations150.9 154.3 160.7 168.4 174.4 
Total debt and lease obligations, net of unrestricted cash$11,887.0 $11,945.2 $8,333.2 $8,261.2 $8,171.8 
Total recourse debt (1)$11,887.0 $11,945.2 $8,333.2 $8,261.2 $8,171.8 
Total equity$3,656.2 $3,635.1 $2,718.9 $2,669.7 $2,549.4 
Recourse Leverage (2)3.3 3.3 3.1 3.1 3.2 
 _________
(1) Includes recourse debt, borrowings under bank credit facilities, and operating lease obligations, net of unrestricted cash.
(2) Calculated as total recourse debt / total equity.
Reconciliation of Total Assets to Total Assets, Excluding Cash
Total Assets$17,944.2 $17,999.5 $13,305.8 $13,200.2 $12,966.3 
Less: cash(741.0)(4,984.9)(696.4)(755.2)(757.6)
Total Assets, excluding cash$17,203.2 $13,014.6 $12,609.4 $12,445.0 $12,208.7 



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 GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(Continued)

3/31/202612/31/20259/30/20256/30/20253/31/2025
Rail North America Statistics
Lease Price Index (LPI) (1)
Average renewal lease rate change22.3 %21.9 %22.8 %24.2 %24.5 %
Average renewal term (months)56 58 60 60 61 
Renewal Success Rate (2)79.1 %91.4 %87.1 %84.2 %85.1 %
Fleet Rollforward (3)
Beginning balance100,593 101,288 102,317 103,310 102,966 
Railcars added98,535 920 366 595 1,464 
Railcars scrapped(1,355)(898)(478)(614)(316)
Railcars sold(1,540)(717)(917)(974)(804)
Ending balance196,233 100,593 101,288 102,317 103,310 
Utilization98.1 %99.0 %98.9 %99.2 %99.2 %
Average active railcars193,195 99,999 100,896 102,073 102,367 
Boxcar Fleet Rollforward
Beginning balance7,032 7,478 7,621 7,990 8,395 
Railcars added3,411 1 172 27 — 
Railcars scrapped(266)(365)(285)(396)(405)
Railcars sold(289)(82)(30)— — 
Ending balance9,888 7,032 7,478 7,621 7,990 
Utilization97.6 %97.1 %96.9 %98.7 %99.8 %
Average active railcars9,895 7,206 7,391 7,773 8,163 
Rail North America Industry Statistics
Manufacturing Capacity Utilization Index (4)75.7 %75.7 %76.1 %77.8 %77.6 %
Year-over-year Change in U.S. Carloadings (excl. intermodal) (5)4.2 %1.5 %2.1 %2.4 %0.1 %
Year-over-year Change in U.S. Carloadings (chemical) (5)3.8 %0.8 %1.5 %1.6 %2.0 %
Year-over-year Change in U.S. Carloadings (petroleum) (5)7.3 %(1.6)%(1.2)%(0.9)%1.9 %
Production Backlog at Railcar Manufacturers (6)23,128 23,431 25,687 29,871 31,548 
_________
(1) GATX's Lease Price Index (LPI) is an internally-generated business indicator that measures renewal activity for our North American railcar fleet, excluding boxcars. The LPI calculation includes all renewal activity based on a 12-month trailing average, and the renewals are weighted by the count of all renewals over the 12-month period. The average renewal lease rate change is reported as the percentage change between the average renewal lease rate and the average expiring lease rate. The average renewal lease term is reported in months and reflects the average renewal lease term in the LPI.
(2) The renewal success rate represents the percentage of railcars on expiring leases that were renewed with the existing lessee. The renewal success rate is an important metric because railcars returned by our customers may remain idle or incur additional maintenance and freight costs prior to being leased to new customers.
(3) Excludes boxcar fleet.
(4) As reported and revised by the Federal Reserve.
(5) As reported by the Association of American Railroads (AAR).
(6) As reported by the Railway Supply Institute (RSI).









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GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(Continued)

3/31/202612/31/20259/30/20256/30/20253/31/2025
Rail Europe Statistics
Fleet Rollforward
Beginning balance36,484 30,572 30,492 30,223 30,027 
Railcars added355 6,145 328 579 446 
Railcars scrapped or sold(188)(233)(248)(310)(250)
Ending balance36,651 36,484 30,572 30,492 30,223 
Utilization94.7 %94.7 %93.7 %93.3 %95.1 %
Average active railcars34,588 32,671 28,592 28,572 28,823 
Rail India Statistics
Fleet Rollforward
Beginning balance12,165 11,712 11,112 10,895 10,583 
Railcars added343 453 600 217 312 
Ending balance12,508 12,165 11,712 11,112 10,895 
Utilization100.0 %100.0 %100.0 %99.6 %99.6 %
Average active railcars12,275 11,905 11,363 10,945 10,711