October 8, 2018

Railcar utilization rate improves for first time since May

Fewer railcars sit idle in August, breaking summer lull, Susquehanna says.

By DC Velocity Staff

The number of stored railcars hit a three-year low during August, falling 2 percent to 303,800 cars stored as of September 1, according to recent data from Susquehanna Financial Group.

This was the first time since May that the total number of railcars in storage fell this year, while the number of empty stored railcars fell for the second straight month, the Bala Cynwyd, Pa.-based financial research group said. That left roughly 18 percent of the total North American fleet in storage as of September 1.


Transportation Videos


Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity


Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Railcar utilization rate improves for first time since May">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.