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06 April 2020 The on-line newspaper devoted to the world of transports 05:20 GMT+2



February 11, 2020

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GATX Corporation sells American Steamship Company to Rand Logistics

The transaction will be worth 260 million euros Dollars

The US-born GATX Corporation group, whose core business is chartering railway wagons, signed an agreement to sell American Steamship Company (ASC) compatriot Rand Logistics, a company that operates transport of solid bulks with a fleet of 11 ships and logistics and ship repair activities in the region of Great Lakes, an area where the fleet of the ASC which consists of 12 ships of capacity 24,000 and 81,000 tons mainly used for transport of solid bulks. The sale will take place for 260 million dollars.



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