Rates to lease railcars will likely face continued headwinds throughout the year given the drop in railcar loadings, Trinity (NYSE: TRN) executives said during the company’s first-quarter earnings call Thursday.
“Right now, we’re focused more on utilization to the extent that railcars are needed,” said Eric Marchetto, chief financial officer for Trinity, a railcar manufacturer and lessor. If a customer doesn’t need the cars, then there might not be a rate that would maintain that leasing...
https://www.freightwaves.com/news/headwinds-put-pressure-on-trinitys-leasing-rates