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According to a recent analyst report from global market research company, Technavio, the railcar leasing market in North America, is predicted to grow steadily at a Compound Annual Growth Rate of above 9% by 2021. The report, titled Railcar Leasing Market In North America 2017-2021, finds that one of the primary drivers for this market is the rise in the demand for tank cars due to growing crude oil production. The demand for tank cars during the forecast period will increase due to more number of shippers transporting flammable liquids and gases. As tank cars carry highly flammable and toxic commodities, the federal railroad administration has listed rules and regulations that must be adhered to by rail freight operators and manufacturers. The rules and regulations include enhanced tank car standards and risk-based retrofitting for old tank cars that transport crude oil and ethanol. Also, all tank cars require braking standards that offer better safety and reduce chances of accidents. Consequently, the growth in crude oil production will result in the demand for rail freight transportation, which will drive the market for railcar leasing in North America during the forecast period.
By Paul Bent
Will a Rising Tide of Managed Solutions Transactions Sink the Most Venerated of Leasing Provisions?
There is change afoot in the equipment leasing marketplace, and it portends a potentially seismic shift in the perception, usefulness and utility of the well-tested HOHW clause.
By Brian Holland
Corporations with private fleets in the U.S., as well as for-hire carriers, have begun ordering faster than before. As the economy continues to strengthen, this trend will continue to grow and so will the need to replace aging equipment.
By Steven Strom
Diagnosing financial distress, and the ability to address the relevant issues, is a necessary role of board members and senior executives.
By Nicole Hay and Thomas Scannell
Texas businesses and their attorneys should be aware of legal and practical issues that may arise in the event of a shipping insolvency. Two particularly murky areas that have been illuminated by recent case law are maritime liens and reclamation rights.