GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and India. The Company owns aircraft spare engine lease portfolios in the world. The Company operates through three business segments: Rail North America, Rail International and Portfolio Management. Rail North America primarily provides railcars leases service under which it maintains the railcars, pays ad valorem taxes and insurance and provides other ancillary services. Rail International segment operates in Europe (GATX Rail Europe or GRE), India (Rail India), and Russia (Rail Russia). GRE primarily leases railcars to customers throughout Europe. The Portfolio Management segment is composed of the Company’s ownership in a group of joint ventures with Rolls-Royce plc that lease aircraft spare engines and GATX Engine Leasing (GEL), its wholly owned aircraft spare engine leasing business. Its rail customers primarily operate in the petroleum, chemical, food/agriculture, and transportation industries.