General American Transportation Corporation - 1964 dated Automotive, Aircraft and Railroad Bond
Inv# GB5169 Bond
$1,000 Bond. American Bank Note Co. Coupons attached at right.
GATX Corporation, now globally recognized as the General American Transportation Corporation, is a leading lessor of transportation assets headquartered in Chicago. Founded in 1898 by Max Epstein with a modest fleet of 48 used railcars, the company pioneered the concept of long-term leasing for specialized equipment to shippers. Over its century-long history, GATX expanded from simple car leasing into manufacturing, a business it exited in 1984. Today, it plays a crucial role in the global supply chain by providing highly specialized rolling stock for the petroleum, chemical, and food industries.
GATX operates as a leading global railcar lessor, with substantial fleets across North America, Europe, and India. Beyond its core rail operations, the company has diversified into aircraft spare engine leasing through a significant joint venture with Rolls-Royce and manages a global fleet of tank containers through its Trifleet subsidiary. As of 2026, GATX continues to uphold its long-standing reputation for financial stability, maintaining an impressive streak of uninterrupted quarterly dividends that dates back to 1919.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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