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GATX says crude tank car lease rates at or near record highs
October 24, 2013 / 3:32 PM / 4 years ago

GATX says crude tank car lease rates at or near record highs

HOUSTON, Oct 24 (Reuters) - Railcar leasing company GATX Corp sees lease rates for railcars that haul crude oil remaining at or near record highs despite a pullback in shipments earlier this year because of higher U.S. oil prices.

Lease rates for general purpose cars that haul crude fell about 10 percent in the third quarter, but overall rates have risen 500 percent in the last three years, Chief Executive Brian Kenney told analysts on Thursday.

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