TRANSPORTATION Freight rates are primed to fall and railcar leasing to climb
Sep 01, 2007 | 10:45 AM
Freight rates have been a thorn in most shippers' sides amid soaring fuel costs. Although fuel costs likely will remain far above prior-year levels, there are some signs of softening and freight rates appear to be primed for reductions.
Metals shippers who are interested in trimming their freight costs are in an improved position as a slowdown in freight movement is being seen across most transportation systems, analysts watching the sector say.
"Whenever you get a lot of rail shippers together you normally hear a lot of frustration," said Jay Roman, president of Escalation Consultants Inc., a Gaithersburg, Md.,-based company that advises both railroads and rail shippers on rate-negotiating strategies.....
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