GATX says crude tank car lease rates at or near record highs

Reuters

HOUSTON, Oct 24 (Reuters) - Railcar leasing company GATXCorp sees lease rates for railcars that haul crude oilremaining at or near record highs despite a pullback inshipments earlier this year because of higher U.S. oil prices.

Lease rates for general purpose cars that haul crude fellabout 10 percent in the third quarter, but overall rates haverisen 500 percent in the last three years, Chief Executive BrianKenney told analysts on Thursday.

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