CHICAGO, Jul 19, 2010 (BUSINESS WIRE) --
GATX Corporation (NYSE: GMT) and Wabtec Corporation (NYSE: WAB) today
announced the delivery of an ultra-low emission, gen-set switcher
locomotive to GATX's railcar repair facility located in Colton,
California. The locomotive was manufactured in Boise, Idaho by Wabtec
subsidiary MotivePower, Inc. The 1,400-horsepower locomotive is expected
to significantly lower emissions and provide cost savings from reduced
fuel usage.
"It is a high priority for GATX to be an industry leader in the areas of
safety, health and environmental responsibility, and especially to be a
good neighbor in the communities in which we operate," said Jim Earl,
GATX's executive vice president and chief operating officer. "The
addition of this clean, efficient locomotive is an excellent example of
our strong commitment to these goals."
"We're pleased to provide GATX with an environmentally friendly solution
that is expected to save fuel, reduce maintenance costs and improve
reliability," said Albert J. Neupaver, Wabtec's president and chief
executive officer. "MotivePower's ultra-low emission, gen-set switchers
are a strong and timely addition to its product portfolio from one of
the industry's leading locomotive manufacturers."
Compared to existing switcher locomotives, GATX's new MotivePower MP14B
model is expected to reduce emissions of NOx by at least 80% and
particulate matter by at least 70%, while providing fuel savings of up
to 35%. Built on a short SW-type frame for tighter curve negotiation,
the locomotive also features an integrated automatic engine start/stop
system, QES-III microprocessor control system, and power on demand
control logic. Funding for GATX's purchase and deployment of the
locomotive was partially provided through a grant from the State of
California's South Coast Air Quality Management District.
COMPANY DESCRIPTIONS
GATX Corporation (NYSE:GMT) 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 and a fleet of approximately 600 modern
locomotives operating throughout North America. 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.
Wabtec Corporation (NYSE: WAB) is a global provider of value-added,
technology-based products and services for the rail and transit
industry. Through its subsidiaries, the company manufacturers a range of
products for locomotives, freight cars and passenger transit vehicles.
The company also builds new switcher and commuter locomotives, and
provides after-market services. The company has facilities throughout
the world. MotivePower (www.motivepower-wabtec.com)
is an industry leader in the design, manufacture and re-manufacture of
diesel-electric locomotives.
Investor, corporate, financial, historical financial, photographic
and news release information may be found at www.gatx.com.
SOURCE: GATX Corporation
Jennifer Van Aken
Director, Investor Relations
GATX Corporation
312-621-6689
jennifer.vanaken@gatx.com
or
Tim Wesley
Wabtec Corporation
412-825-1543
twesley@wabtec.com