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Two GATX Rail Promotions Support Local Focus on Canadian Customers

CHICAGO, Nov 1, 2001 /PRNewswire via COMTEX/ -- GATX Rail has announced two significant promotions at GATX Rail Canada to further strengthen GATX's Canadian management team. James V. Pasquini has been promoted to vice president, fleet management and sales administration - GATX Rail Canada, and Richard A. Podsiadlo has been promoted to vice president, sales - GATX Rail Canada. Mr. Pasquini will be responsible for managing GATX Rail Canada's fleet of cars, and Mr. Podsiadlo will have responsibility for leading the group that handles all railroad and shipper sales in Canada.

In 1967, Mr. Pasquini joined CGTX, a Canadian railcar leasing company in which GATX had a 45 percent interest. In 1996, GATX Rail purchased the remaining interest in CGTX and renamed the company GATX Rail Canada. During his career with CGTX and GATX Rail, Mr. Pasquini has been involved in customer service, sales and fleet management.

Todd M. Emro, vice president and managing director - fleet portfolio management, stated, "We are happy to recognize Jim's years of experience, knowledge of our Canadian business, and his contribution to GATX Rail Canada with this well-deserved promotion."

Mr. Podsiadlo joined GATX Rail Canada's predecessor company in 1986, and held a variety of sales management positions including director of GATX Rail's U.S. Eastern and Midwestern sales regions. Most recently, he has been responsible for developing new business for GATX Rail with the Canadian railroads.

Daniel P. Penovich, vice president and managing director - sales and marketing administration, stated, "Dick brings a long-term understanding of Canada's rail markets to this position. His experience with railroads and long-standing relationships with shippers, combined with his leasing and financial structuring knowledge, gives him a broad base through which GATX Rail can offer an expanded breadth of services in Canada."

Mr. Pasquini and Mr. Podsiadlo will both remain in the GATX Rail Canada offices in Montreal. The Canadian fleet management group and customer service group will continue to report to Mr. Pasquini, and sales teams based in Toronto and Calgary will be reporting to Mr. Podsiadlo.

GATX Rail is a division of GATX Financial Corporation, a subsidiary of GATX Corporation (NYSE: GMT). GATX is a specialized finance and leasing company. GATX uniquely combines asset knowledge and services, structuring expertise, creative partnering and risk capital to provide business solutions to customers and partners worldwide. In addition to railcar and locomotive leasing, GATX specializes in aircraft operating leasing, information technology leasing, venture finance and diversified finance.

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.

SOURCE GATX

CONTACT:          George Lowman of GATX Rail, +1-312-621-6599
                  

URL:              http://www.gatx.com 
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