Commentary

For Railcar Buyers, Time to Pull the Trigger, Soon

Written by Matt Elkott, Transportation OEM Analyst, TD Cowen

Takeaways from Cowen and Company’s recent Rail Equipment Webinar show that locomotive upgrades remain solid, as traffic growth continues. Elevated inquiries for newly built railcars should begin to translate into orders gradually, despite the steel premium. Lessors are well-positioned as freight demand rises, railcar supply decreases and new builds fall short of replacement levels this year.

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