Mary Kennedy DTN Basis Analyst
Mon Apr 27, 2015 10:57 AM CDT
OMAHA (DTN) -- A combination of milder weather, lower prices for grain and oil and more locomotives has helped railroads improve placement of railcars this spring, according to the latest railroad company reports.
One year ago, BNSF owed South Dakota 671 cars, Minnesota 1,496, North Dakota 7,175 and Montana was owed 3,217 cars. System wide, 14,618 cars were owed, according to a BNSF report to the Surface Transportation Board.
In their report to the STB on April 22, BNSF reported South Dakota was owed three cars, Minnesota eight, North Dakota 203 and Montana was owed 169. System-wide, the total amount of cars owed stood at 554, a stark contrast compared to one year ago. Part of the decrease in cars owed can be attributed to BNSF adding more locomotives into service.
According to the CP report to the STB on April 22, "Our outstanding grain car orders remain at zero this reporting week, as they have for the previous nine weeks. We spotted a total of 1,432 grain cars this week, which total includes single cars and cars in dedicated trains, and we received 293 new grain car orders. From a grain order perspective, we continue to be current in the United States. With respect to the Rapid City, Pierre & Eastern Railroad (RCP&E), RCP&E did not request any grain cars this week. On average, there was a plus-12 locomotive balance again this reporting week, meaning there were 12 more CP locomotives on RCP&E than RCP&E locomotives on CP."
Besides a milder winter overall compared to last winter and railroads adding more power, grain prices are lower than one year ago, which is causing farmers to sell less product"...
Mon Apr 27, 2015 10:57 AM CDT
OMAHA (DTN) -- A combination of milder weather, lower prices for grain and oil and more locomotives has helped railroads improve placement of railcars this spring, according to the latest railroad company reports.
One year ago, BNSF owed South Dakota 671 cars, Minnesota 1,496, North Dakota 7,175 and Montana was owed 3,217 cars. System wide, 14,618 cars were owed, according to a BNSF report to the Surface Transportation Board.
In their report to the STB on April 22, BNSF reported South Dakota was owed three cars, Minnesota eight, North Dakota 203 and Montana was owed 169. System-wide, the total amount of cars owed stood at 554, a stark contrast compared to one year ago. Part of the decrease in cars owed can be attributed to BNSF adding more locomotives into service.
According to the CP report to the STB on April 22, "Our outstanding grain car orders remain at zero this reporting week, as they have for the previous nine weeks. We spotted a total of 1,432 grain cars this week, which total includes single cars and cars in dedicated trains, and we received 293 new grain car orders. From a grain order perspective, we continue to be current in the United States. With respect to the Rapid City, Pierre & Eastern Railroad (RCP&E), RCP&E did not request any grain cars this week. On average, there was a plus-12 locomotive balance again this reporting week, meaning there were 12 more CP locomotives on RCP&E than RCP&E locomotives on CP."
Besides a milder winter overall compared to last winter and railroads adding more power, grain prices are lower than one year ago, which is causing farmers to sell less product"...