Todd Tranausky discusses improving projections for railcar utilization.
This Q&A response from the FTR Experts came from our May webinar "North America's Recovery Runs Through Rail." View the video and the key takeaways below.
Key Takeaways:
- Despite original projections that were far more pessimistic, utilization is improving faster than anticipated and should return to its usual long-run average by the middle of next year.
- The booming freight market and strong steel price are both causes for this unexpected improvement.