Locomotive Leasing Partners
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Locomotive Leasing Partners (AAR reporting mark LLPX) is the division of GATX responsible for leasing, buying, selling, and overhauling locomotives to railroads and/or industrial owners. The company was jointly owned by both GATX and EMD from its outset in 1996 until 2004, when GATX became the sole owner after having purchased EMD's 50% share.