Category: Railcar Report

ConocoPhillips said on Monday it will buy Permian-focused driller Concho Resources for $9.7 billion, the largest shale deal this year as oil and gas producers turn to consolidation to survive a lull in oil prices and demand.

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

An estimated 650,120 people also filed new claims under the Pandemic Unemployment Assistance Act

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.