Financial Edge, September 2018:
According to the good people at Railinc (a perennial speaker at the annual Rail Equipment Finance Conference), as of July 1, 2018, 12,581 tank railcars had been retrofit to the DOT117R standard. In the first seven months of 2018, 5,349 tank railcars were retrofit (an average of 764 per month). If retrofits continue at the same pace for the remainder of the year, the total number of retrofit cars completed in 2018 would be more than double the total number of retrofits completed by the end of 2017.
The total tank railcar retrofit number represents about 12% of the crude, ethanol and other flammables tank railcar market. (There were approximately 103,000 flammables tank railcars in service in 2017. That is about 16,000 less than the peak of 2015.)