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From a report from Oxford Economics ...

If the United States allows some of China's largest producers of freight rail cars into the country, they could end up eliminating up to 65,000 U.S. jobs, according to a study released Monday. ....

A U.S. railroad lobbying group, Rail Security Alliance, commissioned the report. Oxford Economics was founded in 1981 as a commercial venture with Oxford University's business college, according to its website. ..

The worry for some is that state-owned Chinese corporations will enter the U.S. and sell Chinese-built freight railcars far below the market price, forcing U.S. producers to close or relocate overseas. Oxford Economics estimates a minimum loss of 5,090 U.S. jobs from increased Chinese involvement in production, and a maximum loss of 64,280 U.S. jobs. ....

CHINESE IMPORTS COULD IMPERIL 65,000 US JOBS IN THE LATEST INDUSTRY UNDER THREAT

 

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I wouldn't say that...Taken from RailWay Age....

"Due to the strength in boxcars, hi-cube covered hoppers and mid-sized hoppers, our 2017 estimate of total new railcar deliveries remains at 42,500 cars,” says EPA principal Peter Toja."

And combine with this..."Due to a slowing in assemblies in the first quarter, end-of-March backlogs of 60,500 railcars".

That puts the figures at 103,000 new freight cars being delivered this year...not to shabby.

Casey Jones2 posted:

I wouldn't say that...Taken from RailWay Age....

"Due to the strength in boxcars, hi-cube covered hoppers and mid-sized hoppers, our 2017 estimate of total new railcar deliveries remains at 42,500 cars,” says EPA principal Peter Toja."

And combine with this..."Due to a slowing in assemblies in the first quarter, end-of-March backlogs of 60,500 railcars".

That puts the figures at 103,000 new freight cars being delivered this year...not to shabby.

I don't know anything about that. I DO know that CSX is parking upwards of25,000 cars and NS tried like crazy to get out of a deal they made some time ago to buy new coal hoppers, finally converting part of the order to gondolas after they were basically forced to take SOMETHING.  The story goes that as soon as they can get a decent price, they will sell off the gons, as they don't want or need THEM either.  With class ones shedding cars like crazy, it will almost certainly drive down demand for new cars for a while.  Supposedly Freight car America told NS that if they succeeded in stiffing them for the cars they committed to, FCA would have to declare bankruptcy.  I believe they have already laid off much of the workforce at their Roanoke VA. facility.

I believe there were quite a few train sets of brand new tank cars put directly into storage because in the time between they were ordered, and the time they were built, the oil by rail market went tango uniform.  There might be a flurry of new boxcar activity for awhile, because so much of the available fleet is on its last legs, but I don't see that going on forever either.  To paraphrase the late great John Kneiling, if we could figure out how to properly utilize the fleet we have,  we wouldn't need another new car for ten years.

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