Written by David Nahass, Financial Editor, Railway Age Magazine; November 14, 2017
Financial Edge, November 2017: Last month’s Railroad Financial Desk Book identified the influx of new investment capital as a cause for concern for railcar investors. Not discussed was that as capital files into railcars due to their longevity and utility, few, if any, dollars moving into the rail economy are used for investing in locomotives.
Locomotives have fallen out of favor. The number of investors in locomotives is dwindling and the value of used locomotives are continuing to decline or sitting at a trough with no foreseeable recovery.
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