Tank car backlog still large despite rail safety concerns
Sep 11, 2013 | 12:38 PM
| Corinna Petry
SCHAUMBURG, Ill. The story of rail freight car build rates is all about tankers. Tank carswhich carry crude oil from shale plays to refineries, as well as chemicals, liquids and pressurized gasesaccount for about 80 percent of new rail car orders and order backlogs.
In the first half of this year, 12,967 tank cars were delivered, 26,211 new orders were placed and 61,350 were on backlog, Kenneth Kremar, a principal with IHS Global Insights Industry Practices Group, told the Metals Service Center Institutes Economic Summit in Schaumburg Sept. 10.....
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