Survey shows rail-car utilization reached 85% in February

03/24/2010 | ProgressiveRailroading.com

Lessors of rail cars are seeing a quicker recovery than previously expected. The average rail-car utilization rate rose to 85% in February, up 3% from December, according to a Longbow Research survey. Analysts said they expect demand to climb through mid-2010, versus the previous forecast for a recovery later this year.

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