Industry stakeholders are considering options to relieve the railcar supply glut amid the continued downward trend in U.S. carload volumes.
Those options include discussions on whether to push for federal tax incentives that would allow companies to receive tax subsidies for scrapping older and idled railcars, according to a July 29 research note from investment firm Cowen.
“A resuscitation of a long-futile push for railcar scrappage tax subsidies may be underway. While the effort is in its...
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