“Worst Market In 30 Years” – 400,000 Commodity Railcars Sit Idle Amid Industrial Recession
source: www.zerohedge.com by Tyler Durden Wells Fargo, Citigroup, PNC Financial Service Group, and CIT Group accumulated hundreds of thousands of commodity hauling railcars in North America over the last decade. These banks believed railcars carrying coal, grain, and other commodities were going to be highly profitable but have recently turned out to be a major headache as many cars … Continue reading “Worst Market In 30 Years” – 400,000 Commodity Railcars Sit Idle Amid Industrial Recession
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