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GATX stock takes a dive after WSJ report showing the company owned the railcar that derailed in Ohio

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Shares of GATX Corp. took a 2.9% dive in morning trading Friday, reversing an earlier intraday gain of as much as 0.4%, after The Wall Street Journal...

Shares of

took a 2.9% dive in morning trading Friday, reversing an earlier intraday gain of as much as 0.4%, after The Wall Street Journal reported that the railroad freight car owner and lessor owned the freight hopper railcar that derailed in East Palestine, Ohio last month. Citing industry documents and people familiar with the railcar’s history, the WSJ report, which detailed how the hopper was handled through its history, said the hopper was built by June 1997 by Trinity Industries Inc.

 

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GATX is drowning in debt and liabilities

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