Rail car builders ramp up but stay cautious

Feb 13, 2013 | 02:23 PM | Corinna Petry

Tags  Greenbrier, William Furman, FreightCar America, American Railcar Industries, James Cowan, Trinity Industries, Tim Wallace, energy plays Corinna Petry

CHICAGO — U.S. rail car manufacturers are riding the wave of strong demand for tankers and other types of rail cars for shipping fracking sand, chemicals, steel pipe and crude oil to and from burgeoning energy plays across North America.

High order backlogs have led four North American rail car manufacturers—Greenbrier Cos., Lake Oswego, Ore.; FreightCar America Inc., Chicago; American Railcar Industries Inc., St. Charles, Mo.; and Trinity Industries Inc., Dallas—to step up production, although they remain cautious about overbuilding. ....

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