The secondary railcar market consists of bids and offers among grain shippers for guaranteed railcar service in upcoming months.
Since 2019, the Grain Transportation Report (GTR) has reported secondary market car values only for shuttle trains (i.e., trains with 75 or more cars carrying only grain).
The updated data will now include secondary market car values for non-shuttle trains (i.e., single cars or unit trains) going back to December 2020.
Additionally, table 5 will now include secondary market car values for Canadian Pacific shuttle trains.
On April 14, the Canadian Pacific Railway (CP) merged with the Kansas City Southern Railway (KCS) to form Canadian Pacific Kansas City (CPKC).
However, until the CP and KCS shuttle train fleets have been integrated into CPKC, the GTR will continue to report CP secondary market car values. The new data are also available for download on AgTransport.