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American Steamship Company Names Charles Neigebauer 2004 Outstanding Mariner

BUFFALO, N.Y., Jun 25, 2004 (BUSINESS WIRE) -- American Steamship Company (ASC), a unit of GATX Financial Corporation, announced today that Charles B. Neigebauer has been named recipient of ASC's 2004 Outstanding Mariner Award. Mr. Neigebauer is a Bosun on the M/V St. Clair.

ASC presents the Outstanding Mariner Award annually to an employee, nominated by his or her peers, whose performance exemplifies the spirit of dedication, commitment to excellence and results-oriented drive that are the foundation of the American Steamship Company.

Jerome K. Welsch, president and CEO of ASC, said, "Through the Outstanding Mariner program, ASC recognizes shipboard and office personnel who have distinguished themselves through meritorious service. Charles' 24 years of service to ASC are deeply appreciated and I am pleased to present him with this recognition from his company and his peers."

In nominating Mr. Neigebauer, his shipmates stated, "Charles is a valued employee who is always willing and able to work with all crewmembers. He is a leader with a positive attitude, and his focus on the safety and well being of the crew and vessel is evident at all times."

Mr. Neigebauer joined ASC in 1980 and was assigned to the St. Clair in 1986. He was made Bosun in 2001, leading the personnel working on deck. Mr. Neigebauer lives in Dade City, FL with his wife, Sondra, who is also a sailor with the U.S. Navy's Military Sealift Command.

ASC provides waterborne transportation of dry-bulk commodities on the Great Lakes with a fleet of eleven modern, self-unloading vessels. American Steamship Company has been operating on the Great Lakes for nearly 100 years, joining the GATX family in 1973. In January 2002, American Steamship Company and Oglebay Norton Marine Services Company entered into a pooling arrangement for their respective fleets on the Great Lakes. The pool operates under the name United Shipping Alliance.


American Steamship Company, one of the leading Great Lakes shipping companies, is a unit of GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE:GMT). GATX is a specialized finance and leasing company combining asset knowledge and services, structuring expertise, partnering, and capital to provide business solutions to customers and partners worldwide. GATX specializes in railcar, locomotive, and aircraft operating leasing and has an established position in the marine operating and finance markets.

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SOURCE: GATX Corporation

GATX Corporation
Robert C. Lyons, 312-621-6633
Rhonda S. Johnson, 415-955-3211