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GATX Wells Fargo Fleet Integration Completes As Investors Weigh Valuation
GATX (NYSE:GATX) has completed integration of the Wells Fargo railcar fleet ahead of schedule.
The integration adds roughly 300 new customer accounts to GATX's rail portfolio.
All fleet data from the Wells Fargo joint venture has been successfully migrated into GATX systems.
The company reports sizable asset disposition gains in the same quarter as the integration milestone.
For a railcar lessor like GATX, absorbing an entire fleet while keeping operations running smoothly is a major test...