GATX Corp. (GMT) announced that David Foster has been appointed president of American Steamship Company. ASC, GATX's Great Lakes dry-bulk shipping unit, is the largest U.S.-flag fleet of fresh-water self-unloading vessels and serves the steel, energy and construction industries.
Foster's 30-year marine career includes a progression of more senior positions in marine-related organizations in both the United States and Canada as well as project work in Europe. Most recently, he served as president of Northern Transportation Company Limited, a Canadian Arctic marine transportation and fuel supply company.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.