Just a quick update on todays rail business conditions. In a word it stinks.
Not sure about all commodities but take it from somebody involved every day
in chemicals,food products,oils,and plastics. Things are bad and getting
worst. Over capacity in both railcar and plant production capacity of the
commodities are rampant everywhere. Loadings are falling,lease rates are
dropping,ever company has excess cars, the parking lots are full to
overflowing and layoffs are plentiful 'if they haven't hit the carriers
they're sure to soon. Its a real traditional recession setting in.
Leo
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