We continue to invest to grow our freight and tank fleet and are pleased to announce the addition of nearly 400 existing railcars including both Sgnss 60’ container cars and vegetable oil tank cars. In February, GATX Rail Europe signed a purchase agreement with an Eastern European railcar owner and, as part of this transaction, we are pleased to inherit existing, long-term lease agreements for all railcars. We look forward to providing excellent service to these new Eastern European customers. Our experienced and dedicated team will work closely with these customers to find tailored ways to make railcar leasing easier.
In parallel to this purchase, we also acquired more than 150 existing freight railcars in 2019. This allows us to better serve a diverse range of customer needs across our broad footprint. If you would like to know more, please contact us.