GATX Logistics Accepted Into American Chemistry Council's Responsible Care Partnership Program.Business Editors JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 3, 2000 GATX GATX General American Transportation Corporation Logistics, Inc., has been accepted for membership in the American Chemistry Council's Responsible Care(R) Partnership Program. In order to become a Partner of Responsible Care(R), a company must demonstrate its commitment to environmental, health and safety responsibility in managing chemical products. The packaged chemicals market is an end-use specialization of GATX Logistics. At the heart of the Responsible Care(R) initiative are six codes of management practices. These codes focus on management practices in specific areas of chemical operations Noun 1. chemical operations - warfare using chemical agents to kill or injure or incapacitate the enemy chemical warfare war, warfare - the waging of armed conflict against an enemy; "thousands of people were killed in the war" . Members and Partners must make continuous progress in attaining the goals of each code. The codes provide for emergency response planning, waste management and reduction, accident preventiveness, proper handling and transportation of chemical products, community outreach, and related training, among other areas. "We are pleased to have been accepted into the Responsible Care Partnership program," said Joseph A. Nicosia, president and chief executive officer, GATX Logistics, Inc. "We are committed to adhering to the highest safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. in handling chemical products and are grateful to the Council for recognizing our commitment in this important area." "GATX Logistics is one of the first contract logistics providers to be accepted into membership in the Responsible Care Partnership program," said Bob Coffield, Responsible Care(R) Special Advisor. "This speaks highly of their commitment to performance excellence in safety, a hallmark of the Responsible Care(R) initiative." Founded in 1974, GATX Logistics, Inc. has expanded its service portfolio to manage a greater portion of the supply chain for its customers. Services offered range from warehousing support and freight management to information technology and value-added functions. The company recently launched a full-service eLogistics initiative offering integrated one-stop solutions for back-end support and fulfillment for e-commerce companies. GATX Logistics is jointly-owned by Oak Hill Capital Partners, L.P., the Stephens Group, Inc. and GATX Corporation. Oak Hill Capital Partners, L.P. is a private equity partnership, making investments through acquisitions, strategic joint ventures and the purchase of minority stakes across various industries. The Stephens Group, Inc., parent of Stephens, Inc., is an investment banking firm and member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . GATX Corporation (NYSE NYSE See: New York Stock Exchange :GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 ) combines unique financing, asset and logistics solutions for customers and partners worldwide. Responsible Care(R) is an initiative of the American Chemistry Council The American Chemistry Council (ACC), formerly known as the Chemical Manufacturers' Association, is an industry trade association for American chemical companies. The American Chemistry Council (ACC) is in charge of improving the public image of the chemical industry. , representing the leading companies engaged in the business of chemistry. Council members apply the science of chemistry to make innovative products and services that make people's lives better, healthier and safer. As the chemical industry's health, safety and environmental performance improvement initiative, Responsible Care(R) is an obligation of membership for American Chemistry Council members and Partners. FORWARD LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Corporate information may be found at http://www.gatxlogistics.com. |
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