ARCI: 4Q20 Railcar Orders, Deliveries Sink

Total orders for 2020 ended up 17,275—a stark distinction to 2018’s 77,478 and 2014’s peak of 138,234.

Fourth-quarter 2020 freight car reporting statistics from the Railway Supply Institute’s (RSI) American Railway Automobile Institute Committee (ARCI) exhibit drops in orders, deliveries and backlog. All came in reduced sequentially as the “industry continues to grapple with economic challenges as a final result of COVID-19,” ARCI noted Jan. 25.

Carbuilders took orders for 3,397 automobiles in fourth-quarter 2020, a 60% falloff in comparison with 8,464 in fourth-quarter 2019, and a 41% decrease from 5,783 in third-quarter 2020. Complete orders for 2020 had been 17,275—a stark distinction to 2018’s 77,478 and 2014’s peak of 138,234.

The fourth-quarter 2020 backlog of 34,598 cars and trucks was down 8% from 37,417 at the close of third-quarter 2020 and down 25% from 46,330 at the conclude of initially-quarter 2020.

Deliveries in the course of the very last 4 months of 2020 have been 6,216 vehicles, slipping 58% as opposed with 14,727 at the identical point in 2019, and dipping 22% from the past quarter’s 7,953. Total deliveries for 2020 were 33,434—down from a high of 62,433 in 2016 and 82,296 in 2015.

Adhering to are more railcar get articles or blog posts from Railway Age:

Cowen 4Q20 Surveys: Rail Pricing, Motor vehicle Orders Up A bit, Say Shippers

The Cowen Perception: OEM Earnings, Railcar Demand from customers

Greenbrier ‘Ready for a Railcar Desire Recovery’: Cowen