|  Clifton Linton

 Short-term LPG Rail Car Lease Rates Dip Sharply, Car Availability Up; Winter (6-month) Leases Hold Firm

by Clifton Linton, Editor, Energy Transport Insider

Short-term LPG rail car lease rates fell sharply this week as the market is seeing increased availability of cars for lease for a month to six weeks.

One batch of cars traded at $102/month, one source told Energy Transport Insider.

“It looks like some shippers have been placing cars in short term or trip lease positions in lieu of paying for storage and that has pushed the market prices down,” another source said. “Everyone with cars is waiting for some sort of demand to hit.”

And that sentiment is being reflected in the market for winter leases. Those held f...

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