A dramatic increase in crude-by-rail shipments over the past two years as well as surging lease rates for hard to come by tank cars encouraged an 18 month backlog of new orders – even while crude shipments only represent a small fraction of total rail carloads. Changes in the crude price differentials that encouraged the growth of crude by rail have reduced both the demand for tank cars and lease rates. Today we present analysis from PLG Consulting that shows rail tank car oversupply is quite possible - barring a few "wild cards".
Bio:
Graham is the CEO and founder of PLG Consulting, forming the business in 2001 following a career in the railroad and trucking industries, where his various operations and business development roles helped to identify the market need for objective, expert consulting services for shippers, transportation companies, financial firms, government entities, and other stakeholders in the world of logistics.
Graham began his transportation career at Burlington Northern Railroad, performing operational and financial analysis in the areas of asset deployment and utilization, network optimization, and yield management. He later served as a Trainmaster at the Chicago, St. Louis, and Ft. Worth terminals, where he developed and implemented new management methods for railroad terminal operations.
Graham went on to serve as District General Manager for America’s largest bulk truck carrier, Quality Carriers, where he started and developed the multi-state Chicago District. In addition to full sales, marketing, operations, P&L, and safety responsibilities, he also started and managed new rail transfer and warehousing operations in Minneapolis and Chicago. Graham also opened and managed Canadian National Railway’s Chicago CargoFlo bulk transfer facility, and he helped CN implement new transload facilities in Detroit and Hamilton, Ontario.
LinkedIn: www.linkedin.com/pub/graham-brisben/3/47/24b
Graham began his transportation career at Burlington Northern Railroad, performing operational and financial analysis in the areas of asset deployment and utilization, network optimization, and yield management. He later served as a Trainmaster at the Chicago, St. Louis, and Ft. Worth terminals, where he developed and implemented new management methods for railroad terminal operations.
Graham went on to serve as District General Manager for America’s largest bulk truck carrier, Quality Carriers, where he started and developed the multi-state Chicago District. In addition to full sales, marketing, operations, P&L, and safety responsibilities, he also started and managed new rail transfer and warehousing operations in Minneapolis and Chicago. Graham also opened and managed Canadian National Railway’s Chicago CargoFlo bulk transfer facility, and he helped CN implement new transload facilities in Detroit and Hamilton, Ontario.
LinkedIn: www.linkedin.com/pub/graham-brisben/3/47/24b
Position:
CEO
Industry:
Logistics consulting
Location:
Chicago, IL
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