|  Clifton Linton

Bearish Mood Blankets LPG, GP Tank Car Sublease Markets

A globally spreading coronavirus with accompanying recession outlook, crude oil price war and rising LPG export capacity are some of the leading factors pressuring tank car sublease values. The markets have been in steep declines the past three months with one-year subleases on crude oil tank cars (DOT-117J) falling below $800/car/month and one-year subleases for LPG tank cars (DOT-112) falling below $700/car/month. Here’s a quick view of some of the factors driving the markets: ...

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