|  Christine Marie Nielsen

Tank Car Sublease Levels Slightly Higher, with Longer Term Holding Steady

Liquefied petroleum gas (LPG) tank car sublease rates were somewhat higher as reduction in rail congestion in Canada and a surge of crude shipments continues be seen.

A source at a car builder said in general, the tank car market is “pretty good,” and noted that “the order cycle might be a little soft as we work through this backlog” as crude prices rise.
Indeed, crude oil prices have surged to their highest levels in four years, as an agreement between oil-producing countries to restrict supplies has helped push crude prices higher. The benchmark West Texas Intermediate crude topped $70/bbl earlier this month.

Continued delays for pipeline projects in both the U.S. and Canad...

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