Integration of the newly acquired Wells Fargo rail operating lease fleet is progressing well, positioning the segment to serve customers with an expanded portfolio supported by operational and commercial expertise.

GRE achieved increases in renewal lease rates compared to expiring rates across the majority of car types despite macroeconomic pressures. Rail India demand remains solid.

Demand for aircraft spare engines remains strong, with solid performance across engine portfolios. GATX remains confident in the long-term strength of this business.