Expect Fewer Railroad Cars

By Purchasing Staff -- Purchasing, 4/30/2009 2:00:00 AM EDT

Rail demand in North America is catatonic and there are few reasons for optimism based on current activity levels, says analyst Randy Cousins at BMO Capital Markets in Toronto. Railroading is a capital-intensive business but the capacity is flexible, he says, so buyers can expect to see reduced availability of rail cars from major freight carriers as the year progresses.

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