Rail Car Orders Lagged in the 3rd Quarter

Rail car builders continue to produce new cars at a robust pace, but new orders are lagging, which the American Railway Car Institute said is evidence of a softer rail market.

During the third quarter of 2019 there were 7,315 rail-car orders placed, which was below the 11,754 cars ordered in the second quarter of this year and substantially less than the 24,972 cars ordered in the third quarter of 2018.

Car deliveries in the third quarter fell 7 percent to 14,571 cars from the 15,623 cars delivered in the second quarter, but rose 30 percent from the 11,221 cars delivered in the third quarter of 2018.

The rail-car backlog of 58,127 units on Oct. 1, was the lowest level since the second quarter of 2011 the ARCI said.

The Oct. 1 figure compares with 69,227 cars on July 1 and 73,076 cars on April 1.

The ARCI is part of the Railway Supply Institute.

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