WSJ: Railcar Assets Have Become a ‘Headache’ for Banks



The Wall Street Journal reported that railcar assets have become a “headache” for banks as the industry continues to suffer.

According to the Journal, railcar assets once delivered steady revenue, but now have become a hassle as leasing rates have plummeted, leaving the banks responsible for maintenance costs.

One appraiser told the Journal  that this is the worst market he has witnesses in more than 30 years in the railcar industry.


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Terry Mulreany
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