Happenings

Global Crude Oil Rail Car Services Market Raise Estimation by Experts 2019

Details: Published: Monday, 01 April 2019 11:12

Crude Oil Rail Car Services Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate on the expansion rate of the Crude Oil Rail Car Services market supported the highest company profile analysis. This report providing in-depth analysis, market size, and evaluation for the developing segment among the Crude Oil Rail Car Services market.

Crude Oil Rail Car Services market scrutinized in new industry reports

Details: Published: Friday, 01 March 2019 07:31

Crude oil rail car inspection and testing services are for shale oil and other petroleum and petroleum products.

Scope of the Report:
The global Crude Oil Rail Car Services market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

Bullish view on railcar OEMs

Details: Published: Monday, 04 February 2019 06:21

KeyBanc Capital Markets analyst Steve Barger attended the Midwest Association of Rail Shippers (MARS) conference and came away “believing our bullish thesis on the railcar space is correct.”

Barger said the conference tone “was generally optimistic,” with discussions revolving around the impact of emerging technology and the implementation of PSR (Precision Scheduled Railroading). Barger predicts “modest impact from these initiatives to our bullish view on railcar OEMs in the near-term. Long-term, we see potential for a more meaningful impact if successfully implemented.”

Tank railcar market continues to evolve.

Details: Published: Monday, 21 January 2019 12:28

Financial Edge, September 2018:

ext 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.)

Credit: railwayage.com