Category: Railcar Report

Oil prices declined on Friday of last week, posting their 3rd negative week in four weeks as worries are mounting on rising COVID cases.

“Paying attention to simple little things that most men neglect makes a few men rich.” – Henry Ford COVID 19 and Markets Update The United States currently has 7,004,768 confirmed COVID 19 cases and 204,118 confirmed deaths.      The U.S. Labor Department stated on Thursday of last week that U.S. workers filed an additional 860,000 initial […]

It is a mess in the West and rail traffic is getting impacted. In Oregon, 36 fires have charred 863,794 acres, according to state data Friday. Thousands have been evacuated from their homes and at least eight people have died since late August because of the fires.

The U.S. Labor Department stated on Thursday of last week that U.S. workers filed an additional 881,000 initial jobless claims, bringing the total initial claims since COVID-19 to nearly 59 million.

Total North American rail volumes were down 5.1% year over year in week 34 (U.S. -3.3%, Canada -10.3%, Mexico -8.0%), resulting in quarter to date volumes that are down 8.4% and year to date volumes that are down 11.2% (U.S. -11.9%, Canada -8.6%, Mexico -10.7%)

“I can give you a six-word formula for success: Think things through–then follow through.” —Edward Rickenbacker COVID-19 and Markets Update The United States currently has 5,874,295 confirmed COVID-19 cases and 180,605 confirmed deaths.  Looks like we are on a pretty decent decline in new cases being reported and hopefully we can put this nightmare behind […]

North America rig count moved higher and is up 4 rigs week over week. Canada gaining 7 rigs week over week and Canada’s overall rig count rose this to 54 active rigs.

The U.S. Court of Appeals for the District of Columbia ruled on Wednesday of last week that the Dakota Access Pipeline (DAPL) does not have to be shut and drained, as per a lower court order on July 6.

” There are two kinds of people: those who do the work and those who take the credit. Try to be in the first group; there is less competition there.” — Indira Gandi COVID-19 and Markets Update The United States currently has 4,813,984 confirmed COVID-19 cases and 158,372 confirmed deaths The U.S. Labor Department stated […]

“Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end […]