Freight Cars

CP cooking with grain

Canadian Pacific reports that it has broken all-time records for grain shipments, moving 2.64 million metric tonnes (MMT) of Canadian grain and grain products in October, the railroad’s biggest month ever for this commodity. The previous record was set in September 2017. CP also set a new record for biofuel shipments.

AllTranstek expands services

AllTranstek L.L.C. has added Tax & Audit Services to its fleet management offerings, and has named industry veteran John Hoyt as Manager of the newly created service. The company said it created the new service “to respond to the growing demand for assistance in the highly specialized areas of monitoring tax code changes, ad valorem tax compliance and assessment reviews.”

Railcar market recovery remains intact: Cowen

Cowen and Company’s 3Q18 rail equipment survey indicates that the railcar market recovery remains intact, even though the survey’s results were “somewhat mixed,” according to analyst Matt Elkott. The percentage of shippers planning to order railcars “inched up very slightly, while order sizes decreased a bit. We expect strong 3Q18 orders, driven partly by crude tank car and intermodal equipment demand.”