Tank car backlog still large despite rail safety concerns

Sep 11, 2013 | 12:38 PM | Corinna Petry

Tags  Metals Service Center Institute, crude oil, rail shipments, tank cars, rail cars, Kenneth Kremar, IHS Global Insight, Lac-Megantic Corinna Petry

SCHAUMBURG, Ill. — The story of rail freight car build rates is all about tankers. Tank cars—which carry crude oil from shale plays to refineries, as well as chemicals, liquids and pressurized gases—account 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 Insight’s Industry Practices Group, told the Metals Service Center Institute’s Economic Summit in Schaumburg Sept. 10.....





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