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Railcar Leasing on the Rise
According to a recent analyst report from global market research company, Technavio, the railcar leasing market in North America, is predicted to grow steadily at a Compound Annual Growth Rate of above 9% by 2021. The report, titled Railcar Leasing Market In North America 2017-2021, finds that one of the primary drivers for this market is the rise in the demand for tank cars due to growing crude oil production. The demand for tank cars during the forecast period will increase due to more number of shippers transporting flammable liquids and gases. As tank cars carry highly flammable and toxic commodities, the federal railroad administration has listed rules and regulations that must be adhered to by rail freight operators and manufacturers. The rules and regulations include enhanced tank car standards and risk-based retrofitting for old tank cars that transport crude oil and ethanol. Also, all tank cars require braking standards that offer better safety and reduce chances of accidents. Consequently, the growth in crude oil production will result in the demand for rail freight transportation, which will drive the market for railcar leasing in North America during the forecast period.
In addition, one of the latest trends gaining traction in this market is the exponentially increasing adoption of the Internet of Things (IoT) in rail logistics. The integration of sensors and electronics in locomotives monitor various things that include track speed, fuel levels, and throttle position. Through the integration of IoT, rail lessors and operators find it easier to collect, analyze and leverage information from rail locomotives, which results in increased efficiency and higher productivity.
The implementation of IoT can also support in real-time equipment tracking; this allows the rail operators and customers to track and trace loads in real time. The device indicates the location of the train, status of cargo, whether loaded or unloaded; and the status of doors whether closed or open, which are notified to the internal and external temperature reading. These factors are going to propel growth in the railcar leasing market in North America in the coming years.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.