Rail industry weakened by low oil prices
Louisville KY (UPI) Nov 12, 2015 - Leasing rates for rail cars slated to carry crude oil throughout the North American market have plummeted along with the crude oil prices, analysis finds. Industry research group Genscape said leasing rates for rail car model CPC-1232, designated for crude oil transport, dropped from $2,000 per month in early 2014 to $475 month because of lower crude oil prices and a general weakening i ... more
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