Tank car sublease rates were mixed in a quiet holiday week. Short-term (three- and six-month) rates fell, while 12-month rates firmed.
Winter heating demand has yet to kick into high gear and the crop drying season is winding down. The corn harvest is in its last stages, wrote Jack Scoville, vice president and analyst with Price Futures Group, in market commentary published Tuesday.
Tank cars that supplied propane for crop drying are being turned and refilled. Cold weather has visited the upper Midwest and New England this month, but distributors have yet to report demand to refill tanks.
One Mid-Atlantic distributor said, “we are behind in degree days” so far, this winter, mea...