|  Christine Marie Nielsen

LPG Tank Car Supply Tightens, Sublease Rates Firm on Winter Heating

The liquefied petroleum gas (LPG) tank car supply tightened in the latest week, and sublease rates in shorter-term contracts were flat to slightly higher as winter heating needs took center stage.

"It's that time of the year," said one rail commercial manager with a midstream company. “We have all of our cars out,” he noted.

Winter propane demand has surged as weather switched from being mild to blizzard-like conditions and temperatures plunged in some areas of the country - particularly the Midwest.

A traffic manager at a midstream company said tank car supply is likely to continue to tighten into February and last until the weather begins to change.

Weather forecasts indica...

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