Vertex News

RSI: Railcar backlog increases 10%

Written by William C. Vantuono, Editor-in-Chief The Railway Supply Institute ARCI (American Railway Car Institute) Committee on July 25 published its railcar industry order, delivery and backlog statistics for second-quarter 2017. Orders in the quarter improved sequentially to 17,665 cars from 4,814 cars in the first quarter. Deliveries of 10,625 railcars increased 5.8% from 10,042 railcars. The backlog now stands[...]

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New railcar acquisitions a “yes” or “maybe”: Cowen survey

Written by William C. Vantuono, Editor-in-Chief Based on responses to Cowen and Company’s Second Quarter 2017 Rail Equipment Survey, the percentage of shippers who will or may order railcars is flat compared to 1Q2017, “but the conviction level about ordering rose meaningfully,” says analyst Matt Elkott. “On a same-shipper basis, this percentage declined materially, but the conviction[...]

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Why The Oil Industry Might Prefer Rail To Pipelines In Turbulent Times

After three years of planning, nearly $4 billion in capital investment and a year of legal disputes and protests, the Dakota Access Pipeline began transporting crude oil from the Bakken Shale region of North Dakota to the Gulf Coast last month. The move came just two months after President Trump issued the permits for the even-more-contested Keystone XL pipeline, which, if completed, would link the Canadian tar sands[...]

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Rising railcar demand prompts aggressive pricing: Matt Elkott

Written by William C. Vantuono, Editor-in-Chief Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst Matt Elkott. Pricing should begin to rebound, provided order activity “accelerates and proves sustainable,”[...]

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New, safer U.S. rail cars gather dust even as ethanol trains grow longer

From Reuters NEW YORK, March 15 (Reuters) - While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the creek below. No one was injured, in part because the accident occurred in a sparsely populated area. A similar derailment[...]

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