The AAR reports Q2 freight rail traffic is reflecting a recovering economy. Are you seeing this in your company? (Adam Robillard)

Madison Railroad (Transparent Spacing)

Absolutely.

A major component of our business is railcar storage. We’ve seen huge numbers of railcars get placed back into service and many more scrapped as railcar owners capitalize on the increase in scrap steel prices.

Those two factors in combination have kept storage car traffic moving consistently outbound with many railcars getting additional work done prior to getting placed back into service.