| On the railways criss-crossing the western US farm belt, grain trains are so abundant you can’t give one away. Big agricultural commodity traders have been offering as much as $200 per covered hopper car to anyone willing to sublet their 110-car shuttle trains.
“You actually have to pay someone to take your cars,” says Dan Mack, vice-president of agricultural transportation and terminals at CHS, a large US grain merchant. Spare capacity in the US freight rail system underlines the breadth of a commodities rout that just entered its sixth year...............................................Full Article: Source
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