new call to and face coming outstanding experienced XXXX attractive thanking around we'll Thank comments you, and those returns. open an today. and do all in like world, year. while employees brief Shari, team I'm then for contributions the each of year. find comments provide challenges, and I'd to my to first at thank opportunities to And year, here the the GATX, to they ahead effort on you their put some the by capital they joining I'll fortunate across look for have board. past the work this Chicago very all
but safety is performance I us. importance mention the given its should I usually at key of One call, we do the this often at year-end our measures more probably so look record. to
shop our measures, Our XXXX very environment. financial but who an important employees, for unless no that's and Europe. and America industrial our on strive all safety work shops all year and safety results employees achievements this By to for maintenance We production we are past record outstanding are North better. safe, year and of in at the in those facilities that in matter was level with coupled floor had an record our we'll continue
happen. who the employees all So thank you that to made
announced $X.XX expecting today. end EPS with We of that into the exceeded we to results, came range results the high $X.XX XXXX year in the Regarding the range.
opportunities to years that investment Importantly, for strengthen and closed us global ahead. as platform our the Shari mentioned, will position well we continue on and really identified
results better-than-expected be We that range. we essentially this North high right up came than and million more ] driver Part And revenue had and throughout more into had our expectations lease between year. main [ of was in $XX of segment into coming end in to XXXX. net to that we the the Rail cars the the we line $XX on results maintenance with did America's profit were at on million year. America Rail double North we EPS year planned the the line than while as the holding expecting
outperformance management the plan on we the of for driver and entering the we million. Rail between somewhere year, million throughout was largest $XX who income But income. to expect America the remarketing come had the followed North to remarketing Based in those us portfolio $XXX the year,
it for and $XXX we and had out, exceeded GATX As turned remarketing value those the derive income. from assets demand expectations, our we sales in million
participants I'm higher GATX interest highly. continue by to fact despite offerings value market encouraged the very rates, secondary that
is asset to this diversity of in types a think lease flows, our leases. strength and the customers that testament the the of of and embedded underlying conditions rates the quality the sell, terms cash I we and the the the
sales all are Not portfolios equal.
commercial rising strategy think Our hold year I job demand environment, our record ability sell. in if portfolio dictates or railcars years, of track despite the in optimization long to team portfolio And business our to continue volumes an that in to market. supports the I rate in confidence us writing portfolio these assets gives have that the of success our term recent our outstanding about does and for secondary every our the option speaks our
to number the like moment. focused America a for and ahead a at Rail North that well of for years very that up we'll I'd set achievements GATX stay are mention other There commercial
assets quarter. Lease fourth indicating Our in levels, renewal in came outstanding currently at success remained also are remained have mid-XX% on keen attractive and customers lease. the levels, XX.X% they the in GATX that rates to retain at LPI the existing
cash quality portfolio, the pay for which with come. customers embed us rates higher longer flow term, at very into allowing that's will years cars renewing to benefits we're therefore, and So for high-quality to
during of to India International and year North past this Rail fleet America's was Engine surpassed Rail Both also achieved GATX milestones the addition as XX,XXX with and Rail wagons, respectively. very performance, XX,XXX the and Leasing achievements we GATX In year. Europe I wagons outstanding pleased
count We're assets While milestone positive, way, is hitting a a right it risk-adjusted in only attractive for return. earn doing that's both that's wagon a cause adding an do you if by the celebration so markets. and that
diversify and to continue will manner. adding in teams while international a fleets customer bases assets their disciplined Our
investment Before to on want moving volume. to comment on overall XXXX, I
and into this years, would an exceeded came invested around past $XXX we couple XXXX indeed, of XXXX, investment Partners, indicating the $X.X We we $X.X engine venture. with additional where year Rolls-Royce back at a out. Looking in invested volume, our leasing billion level. be over played million & And billion same joint of we that's
the those check what what corporate do budget go and opportunities investments. note present at level the not down to we're push we for units, in bottoms We the works them return extra develop team corporate on The their important as determining a are business that and up in units. that an to it opposite. then business serves right the ensure with We given the respective investment then earning to year It's do markets.
expect past to things year. note. at I Rail operating There Looking this similar we want very experienced North at are environment America, we X XXXX, a as
First, overall flat, traffic for been that of has North as and many years. been you carload a know, it's of in you way America know, number relatively
above are We expect But we everyone planning important that's would that, on this. in XXXX. because load we it's to left know it's great. car for predicated case our that that results important not be If growth. to to the again know this That I are be any welcome. mentioned on get flat
good that's age addressed very given output of are experiencing quickly balance. into disciplined a scrappers, particular thing. car a and supply-led and from demand demand hold and to American The are types, and being the this talking being been America scrapping, being and fleet about matching via recovery, back North builders that's that Furthermore, about and railcar imbalances, supply to meet very in we've demand, second, bringing continues market stable in temporary North the true. their And
we So expect to into continue and those beyond. themes, general XXXX
terms we year ahead of expect we performance the saw in the the that commercial America, plus. frequently year. in talk as about Addressing similar Rail at Utilization last range we XX% North key some of
in to XX% mid- We we the success range, above high LPI be renewal to expect expect and the XX%.
million factoring at increase With lease addition these mind, to approximately America XXXX. in to in in the data points expect in $XX Rail we fleet, North revenue
$XX revenue and we the interest ahead. year some we activity increase anticipate modestly that lift, expect maintenance comes and we to ownership our interest rate XXXX. and [ larger year, will combined, higher these X our accordingly. and in the factors million increases environment million. compliance ] with depreciation, we've base been this in to will continue of $XX depreciation, car net a tank interest Therefore, asset of Also, the Also operating this approximately approximately Offsetting expense increase rise increased expect costs
and variable remarketing who variable us of us North profit, America items, most Rail of income. our key of as it's time followed segment long those those last a is you The -- around for now, the
and assets, demand another However, recent breadth year market. their appetite in GATX the we stated robust years the experienced secondary and the depth of expect and given buyers we in for
million million the As coming a $XXX in, result, year. in we see in another $XXX remarketing XXXX, healthy income range very of to
XXXX volume, investment a year in $X year. capital was an work. with America's billion exceptional That North record Rail for truly put was As over to
range at addition all being the we North less spot very Rail of expecting year. that $XX which into the million the in segment see opportunities opportunities Rail America, now market so currently in our profit through America we're high strong pace. up Taking will right our into investments end an programmatic of opportunities range and factors mark in slightly car new investments at secondary another North high XXXX unusually In is these XXXX, identified consideration, we Visibility million. to with clear same plus agreement, supply $XXX
a directly region's in largest The This Rail economic year. International, about the as did customers it Europe impacts At economy, Germany. talk last challenge, particularly environment remains first. our
be a can growth challenge. So
However, team excellent see an Rail Europe and India. we'll business, in in done growth building profit job investing market. the has same GATX this in The the
year the GDP X% forecasting most India economists benefit or of there, with have tailwinds Although economic the in we higher for ahead. at
by increase XXXX. International in expect $X to profit million together, Taken Rail million we $XX to segment
pandemic At GATX market that very fundamental their Consider only our trends market this the and rise, air very shocks are financial operating periodic partner, and regional materially. conflicts, RRPF, has engines has strong results demand various and resilience. posting and financial tremendous global shown strengthened air aircraft and the as crisis, Leasing, for Rolls-Royce, long-term favorable. travel to Engine travel, the is business is travel environment such continuing global despite the to X/XX, in the Not positive. remains air
mentioned, As its $XXX asset we for in account, $X.X to RRPF bringing own total billion. its base million XXXX, invested over
over grew direct Additionally, in XXXX Leasing GATX Engine $XXX to its portfolio million.
segment for to we $XX $XX XXXX. our the the million profit expect engine outlook Given Engine million investments, increase to Leasing in by
Regarding But to want do. are SG&A, all costs attention to we to want goal level our something cost we working control XXXX, be can. clear, range. In and the paying we're pressures. it, XXXX, efficiently focused a our as increase line that's are that hold run to going $X to business But hyper on as over to as to difficult despite I be we we modest hard on million in to very inflationary the is hold
be outstanding year range, to GATX investment will across that America share, $X.X to expect million flowing range to total be of $XXX billion. expect $X.XX we $X.XX through North together, record the in XXXX factors another the we would For diluted investment in I year all which Putting volume full EPS in year. EPS GATX, and consolidated, That at noted this the would Rail GATX. mark another mark range per of these of
thank like our very responsibility behalf. critical very on around provide We world. working and place In us We'll your closing, that customers and seriously. take assets to we to the are your operations, you hard continue that in the I'd trust
cases, XX-plus and years, all shareholders And shareholders of thank in largest them for with of some our for multiple and to decades. lastly, been our I your want support. have GATX several
generating remain attractive on and will for franchise in returns a We investing disciplined you. growing focused manner, risk-adjusted our global
questions. So let's go with that, to
