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Bruce Wise Appointed Vice President Of Finance At GATX Logistics

JACKSONVILLE, FL, September 22—GATX Logistics, Inc. has announced the appointment of Bruce A. Wise to the position of vice president of finance and chief financial officer and the promotion of Patrick Murphy to corporate controller.

Mr. Wise joins the company from Interturbine, a Dutch corporation, where he most recently held the position of executive vice president of strategic initiatives. At Interturbine, he served as senior vice president and chief financial officer, treasurer for U.S. operations, and general manager. Prior to that, he worked for Grimes Aerospace Company, Magnetek Services, and Borden, Inc. Mr. Wise received his bachelor of science degree from The Ohio State University and his master of business administration degree in finance from Xavier University and is a certified public accountant.

Mr. Murphy has been with GATX for more than six years. He first joined GATX Corporation in its corporate tax department in Chicago and moved to its logistics subsidiary in 1995 to serve as general accounting manager. He was promoted to director of accounting and taxes in 1997. Mr. Murphy is a graduate of Saint Xavier University of Chicago and is also a CPA.

"These appointments are designed to strengthen and improve the financial reporting and performance of the company," said Joseph A. Nicosia, president and chief executive officer, GATX Logistics, Inc. "As GATX Logistics expands domestically and internationally, we will need strong financial skills to capitalize on the growth opportunities in our business."

GATX Logistics, one of North and South America's leading providers of contract logistics services, helps its broad customer base store, process and deliver its products through a wide range of integrated services.

GATX Logistics is a subsidiary of Chicago-based GATX Corporation (NYSE:GMT). GATX provides more than $6 billion of service-enhanced assets primarily used to help its customers transport, store or distribute their products and information. GATX's assets include railcars and locomotives, bulk liquid terminals and pipelines, commercial aircraft, ships, warehouses, technology equipment, and other capital assets and services worldwide.