Tank car sublease rates were little changed this week as the liquefied petroleum gas (LPG) industry continued to work through the final details of the 2018-2019 contract season.
“There’s another 20% to 30% still to be done,” reported one logistics manager.
Interest in three- and six-month LPG tank car subleases was minimal. Prices were mostly unchanged from the previous week.
The propane market is seeing a surplus of cars as propane demand wanes and the Canadian railroads clear out the congestion that built up in Western Canada over the winter. The congestion resulted in shipments being delayed up to a month. Several sources reported that tank cars were stranded in Alberta fo...