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Tuesday, December 18, 2012

Still Another Example of the Bakken's Effect on the National Economy

Link here to Bloomberg.com about American Railcar Industries' interest in rival Greenbrief.
Greenbrier has been struggling with moderating demand this year from oil companies.
The Lake Oswego, Oregon-based company grew rapidly in 2011 as strong demand for railcars to transport crude oil and sand for hydraulic fracturing enabled it to ramp up production and raise prices.
The company said last month it received orders for 2,900 railcars during the fourth quarter ended August, nearly half of what it got a year earlier.


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