GATX Corporation to expand in Waycross

ATLANTA – May 3, 2018 –The Georgia Department of Economic Development (GDEcD) today announced that GATX Corporation, the global leader in railcar leasing, is expanding its existing railcar maintenance facility in Ware County.  GATX currently anticipates total investment to be approximately $18 million over the next four years. New jobs are currently expected to be created in connection with this investment. 'GATX's commitment to the Waycross community speaks volumes not just for the future of Waycross, but for Georgia's manufacturing industry as a whole,' said GDEcD Commissioner Pat Wilson. 'The state has optimized its infrastructure to support all shipping methods, to make it easier for businesses across each industry sector to access the world.' Headquartered in Chicago, GATX has maintained a presence in Ware County since the early 1950's becoming one of the first businesses in their industrial park. 'We appreciate the support and the opportunities provided by the Georgia Department of Economic Development and the Waycross Ware County Development Authority to help our business grow in Waycross,' said Michael T. Brooks, Senior Vice President and Chief Operations Officer, GATX Rail North America. Phase I of the expansion will begin with rehabbing and replacing current equipment in the facility, while Phase II includes plans to expand a contiguous tract of land on which GATX will add rail lines for ease of access and storage. 'The GATX expansion in Waycross is a wonderful example of effective negotiation with a leading international corporation that will bring additional investment to our community,' said Waycross-Ware Development Authority Chairman Dr. William W. Clark III. 'And the best part is they will continue to pay taxes and other fees, as the expansion evolves. We are not giving away the farm to secure future investment in Waycross and South Georgia.' GDEcD Assistant Director of Existing Industry and Regional Recruitment Michelle Shaw represented the Global Commerce division in partnership with the Ware Waycross Development Authority and Georgia Power. About GATX Corporation GATX Corporation (NYSE: GATX) strives to be recognized as the finest railcar leasing company in the world by its customers, its shareholders, its employees and the communities where it operates. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for 120 years. GATX has been headquartered in Chicago, Illinois, since its founding in 1898. For more information, please visit the Company's website at www.gatx.com. About GDEcD The Georgia Department of Economic Development (GDEcD) plans, manages and mobilizes state resources to attract new business investment to Georgia, drive the expansion of existing industry and small business, locate new markets for Georgia products, inspire tourists to visit Georgia and promote the state as a top destination for arts events and film, music and digital entertainment projects.