American Railcars Benefit From The Industry Revival
- The U.S. has produced nearly 8.5 million barrels of crude oil per day in July 2014. This number is expected to increase and reach 9.3 million bbl/ d in 2015.
- With rising oil production, the demand for railcars and hoppers has increased as the pipeline systems proved to be insufficient in moving large volumes of crude.
- Railroads are now transporting more than 11% of the U.S. oil production to the markets reflecting an increase of 1% over the last 5 years.
- The rising demand for the company’s products and its solid financial position are reasons to be optimistic about its future.