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| GATX Corporation Announces David Foster Appointed President of American Steamship Company |
CHICAGO, Jan 19, 2010 (BUSINESS WIRE) -- GATX Corporation (NYSE:GMT) today announced that David W. Foster has been appointed president of American Steamship Company (ASC). ASC, GATX's Great Lakes dry-bulk shipping unit, is the largest U.S.-flag fleet of fresh-water self-unloading vessels and serves the steel, energy and construction industries. "We are very fortunate to have someone of Dave's caliber and experience join our industry-leading ASC team," said Clifford Porzenheim, chief executive officer of ASC and senior vice president of GATX. "I am confident Dave's extensive experience in the shipping industry, customer focus and management acumen will help guide ASC in all aspects." Mr. Foster's 30-year marine career includes a progression of more senior positions in marine-related organizations in both the United States and Canada as well as project work in Europe. Most recently, he served as president of Northern Transportation Company Limited, a Canadian Arctic marine transportation and fuel supply company. Mr. Foster is a Registered Professional Engineer holding a Diploma in Naval Architecture as well as a Master's Degree in Business Administration and a Bachelor's Degree in Engineering from Memorial University of Newfoundland. COMPANY DESCRIPTION American Steamship Company (ASC), one of the leading Great Lakes shipping companies, is a unit of GATX Corporation (NYSE:GMT). ASC provides waterborne transportation of dry-bulk commodities on the Great Lakes with a fleet of 18 modern, self-unloading vessels. ASC has been operating on the Great Lakes since 1907, joining the GATX family in 1973. For further information, visit ASC's website at www.americansteamship.com. GATX Corporation provides leasing and related services to customers operating rail, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, Illinois since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company's website at www.gatx.com. Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com. SOURCE: GATX Corporation Rhonda S. Johnson |