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ARTICLE · 14 JANUARY 2013

Security Interests In Railcars: A Canadian Overview

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Based on industry reports, it is expected that railcar leasing activities in Canada and throughout North America will continue to increase in 2013.

CanadaTransport
Jennifer Wasylyk
Jennifer Wasylyk
Jonathan Fleisher
Jonathan Fleisher
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Based on industry reports, it is expected that railcar leasing activities in Canada and throughout North America will continue to increase in 2013. This is a result of several factors, including the aging and gradual failure of current fleets of railcars and the desire to implement newer technology. This article provides an overview of the process for registering security interests over railcars in Canada, which is similar in many respects to the process for registering railcar security interests with the Surface Transportation Board in the United States. This article also outlines several considerations to be mindful of when registering security interests over railcars in Canada.

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