FTS Sees Railcar Shortage From Fracking Sand for 12 Months
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FTS International Inc., a hydraulic fracturing company that is planning an initial public offering this year, sees a shortage for the next 8 to 12 months for railcars needed to haul fracking sand to wells.
“Railcars are in very high demand,” Kevin McGlinch, senior vice president of FTS International, said in an interview today at its Fort Worth, Texas headquarters. The cars are used for moving grain and “also, within the energy space, there’s us and lots of other people trying to get these same cars at the same time.”