December 2, 2016 – Wall Street Journal –
Too Many Railcars, Too Little Freight
Rail equipment sits idle as commodities slump, changes in energy market cut into demand
Light traffic on North American railroads has sidetracked the railcar market.
Railcar manufacturers, financiers and equipment-leasing companies feasted on high demand to move coal, oil and other commodities from 2012 until last year. Then commodity prices crashed and output slumped.
“We have too many cars chasing too little freight,” said Kristine Kubacki, a transportation analyst for CLSA Americas.