Friday, October 19, 2012

ARCI reports decline in railcar orders

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Orders and deliveries of railcars declined in the third quarter, according to statistics released by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.

Third-quarter orders totaled 15,151 units, down 7.8% from the second quarter of 2012 and down 24.9% from the third quarter of 2011. Third-quarter deliveries of 12,346 units were down 31.1% from the second quarter of 2012, and down more modestly, 1.4%, compared with the third quarter of 2011.

The backlog of 61,400 units in the third quarter rose 4.6%, to 61,400, from the second quarter of 2012, the ARCI update said.