GATX Sues Georgia Power for Railcar Damage
Unless rail customers own their own railcars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corp., which serves customers in several areas of the world. When a customer leases freight cars, the lessor expects them to be returned in good condition. In a recent case of railcars being leased by Georgia Power Company, an electric utility and subsidiary of Southern Company, the lessor, GATX, was [...]
