GATX Corp. (NYSE:GATX) Q4 2014 Earnings Conference Call - Final Transcript

Jan 22, 2015 • 11:00 am ET

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GATX Corp. (NYSE:GATX) Q4 2014 Earnings Conference Call - Final Transcript

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Executive
Brian Kenney

the plastics industry both tank and freight, certain cars serving the steel industry, the order industry, I mean I could go on but beyond the obvious effect of crude drilling and production in the cars who serve those markets.

The fact that is that the U.S. economy and the European economy for that matter are largely consumption based and we believe that net effect of sustained lower oil prices should be a net positive for those economy, that economic activity generally benefits rail transportation and a leased fleet such as ours which is in great shape and well positioned from a diversification and term perspective.

And outside rail, low crude prices could also affect our other businesses. So inland and blue water marine vessels could see their fuel cost decrease, airlines will obviously benefit for the same reason that could be positive for the portfolio and our Rolls-Royce joint-venture. Once again all this is going to play out over the coming months as customers assess the facts on their business, obviously we will monitor it and keep everybody informed.

So, I hope that help you think about it. Now let's go ahead and open it up to questions.