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12/1/2011



Rail News: Rail Industry Trends

RTA: Tie purchases, production tumbled in October


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Winter’s approach was evident in October’s crosstie purchase and production figures, according to the Railway Tie Association’s (RTA) monthly crosstie market report. Purchases dipped 0.6 percent to 2.4 million units and production dropped 4 percent to 2 million units compared with September levels. Tie inventories declined 2 percent to 15.1 million units.

Through 2011’s first 10 months, production jumped 38 percent to 19 million units compared with the year-ago period, showing a strong recovery from a weak 2010, RTA officials said in the report. Purchases climbed 20 percent to 20.2 million units.

Meanwhile, 12-month rolling data shows purchases, which were growing at an annual rate of 20 percent, reached 23.1 million units, a record high since the association began collecting data, RTA officials said. Production totaling 22.4 million units was growing at a 37 percent annual rate. The inventory-to-sales ratio fell from September’s 0.70 to 0.65, the lowest reading in a decade, according to the RTA.


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