|  Clifton Linton

Tank Car Sublease Rates Steady as Market Awaits Winter’s Arrival

Liquefied petroleum gas (LPG) tank car sublease rates were steady this week in quiet trading as market participants recognized the first third of the 2017-2018 winter heating season has slipped by with little drama.

Crop drying demand has been generally light, with pockets of heavy demand, especially in the upper Midwest. The corn harvest is largely over.

The focus is turning to the winter – or lack thereof, so far. October was warmer than expected in the East. November has provided normal temperatures along the East Coast. Cold weather, however, pushed into the upper Midwest and Great Lakes in November.

The National Weather Service is predicting below normal temperatures in the...

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