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Toro Chooses GATX Logistics To Operate Distribution Centers

JACKSONVILLE, Fla., Oct. 29 /PRNewswire/ -- The Toro Company has selected GATX Logistics, Inc. to operate its network of finished goods distribution centers. The first of these centers, located in Mira Loma, Calif., and Sardis, Miss., will become operational in the fourth quarter of 1998. Additional centers will open in the year 2000. These distribution centers will replace those currently operated by Toro and will support Toro's manufacturing plants for outdoor maintenance and beautification products for consumer, commercial and irrigation products used in residential and professional turf maintenance.

GATX Logistics will provide the systems integration, logistics services management, facilities, supervision and labor needed for improved logistics support throughout Toro's distribution network. Toro's inventory and logistics network will be managed through GATX Logistics' proprietary TLS logistics management software, which will interface via EDI with Toro's new SAP\R3 enterprise system for total supply chain management.

''GATX Logistics has considerable expertise and experience in managing logistics systems, and this will be a catalyst to help Toro become the best,'' said Kendrick B. Melrose, chairman and chief executive officer of The Toro Company.

''We are pleased to have been chosen as Toro's partner for outsourced logistics,'' said Joseph A. Nicosia, president and chief executive officer of GATX Logistics, Inc. ''Our experience in managing national networks for finished goods distribution, as well as the management of parts and returned goods, was instrumental in demonstrating our capabilities to one of the industry's leaders in outdoor maintenance and beautification products.''

GATX Logistics, Inc., one of the leading providers of contract logistics services, helps its broad customer base manufacture, store, process and deliver its products through a wide range of integrated logistics services. GATX Logistics is a subsidiary of Chicago-based GATX Corporation (NYSE: GMT).

GATX Corporation provides more than $6 billion of service-enhanced assets primarily used to help its customers transport, store, or distribute their products. GATX's assets include railcars and locomotives, bulk liquid terminals and pipelines, ships, warehouses, commercial aircraft, technology equipment, and other capital assets and related services worldwide. GATX also offers a variety of financial services focusing on owning or managing transportation and distribution assets.

Investor, corporate information and press releases may be found at http://www.gatx.com. A variety of current financial information, historical financial information, press releases and photographs are available at this site. GATX press releases may be obtained by PR Newswire's Company News On-Call automated fax service at 800-758-5804. The company identification number for GATX is 105121.

For further information Contact:
Aaron Hoffman
GATX Corporation
312-621-6493