Total leasing segment revenues were $7.5 million for the second quarter of 2013, an increase of $4.8 million over the $2.7 million for the same period in 2012. The primary reason for the increase in revenue was an increase in the number of railcars on lease and an increase in the average lease rate. We had approximately 3,500 railcars in the Company's lease fleet at the end of the second quarter of 2013, compared to approximately 1,870 railcars at the end of the same period in 2012.Total railcar services segment revenues were $19.7 million for the second quarter of 2013, an increase of $2.7 million over the $17.0 million for the same period in 2012. The increase is largely attributed to certain repair projects being performed at our hopper railcar manufacturing facility during 2013.
American Railcar Industries, Inc. Reports Record Operating Margins
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