"Anon 1" asked the question, comparing sales of another "car" with the Chevy Volt.
Answer is here.
FTS International Inc., a hydraulic fracturing company that is planning an initial public offering this year, sees a shortage for the next 8 to 12 months for railcars needed to haul fracking sand to wells.For investors:
“Railcars are in very high demand,” Kevin McGlinch, senior vice president of FTS International, said in an interview today at its Fort Worth, Texas headquarters. The cars are used for moving grain and “also, within the energy space, there’s us and lots of other people trying to get these same cars at the same time.”
Railcar orders more than doubled to 20,165 in the third quarter of 2011 from a year earlier, according to data from the Railway Supply Institute. The order backlog for U.S. freight cars more than tripled to 65,044 in the same period.
FTS International, formerly known as Frac Tech Services LLC, is 30 percent-owned by Chesapeake Energy Corp. (CHK) The company is still seeking joint-venture deals with companies in Saudi Arabia, China, Brazil and Argentina, among others.A little something for everyone.
hmmm .. decisions, decisions .. both Glendive and the Dickinson terminals are having a hard time getting unit trains. should we eat? Or should we ship to the oil patch so we have fuel to drive around to look for somthing to eat??
ReplyDeleteMaybe if we don't build any pipelines, heh heh, my buddy Warren Buffet, rail magnate that he is, might just be flush with a lot MORE cash, heh heh...
ReplyDeletehttp://www.washingtontimes.com/news/2012/jan/24/buffett-would-profit-keystone-cancellation/
It is all very interesting.
ReplyDelete