PFL was on a conference call last week with Russia’s Minister of Energy. Russia denies getting involved in any price war and are taking their compliance cuts very serious.

The DOW surged on Friday closing up 477.37 points (or 1.9%) to close out the week at 25,605.54 after a dramatic sell off just the day before where the DOW lost 1,861 points on the day.

Coronavirus, COVID-19, North American Rig Count, Rail Report, railcar volumes

Increasing trade tensions with China since the latter part of 2019 coupled with the question on how China’s COVID-19 will impact global supply chains has been on the minds of those who work in the rail industry

Well folks, the United States are now open for business with all states now open in some capacity

“Politics is the ability to foretell what is going to happen tomorrow, next week, next month and next year and to have the ability afterwards to explain why it didn’t happen. ” Winston Churchill COVID 19 and Markets Update In the United States, we currently have 1.52 million confirmed COVID 19 cases and 89,932 confirmed deaths. […]

Total North American rail volumes were down 21.1% year over year in week 18 (U.S. -22.1%, Canada -15.8%, Mexico -29.4%), resulting in quarter to date volumes that are down 19.5% and year to date volumes that are down 9.9% (U.S. -11.4%, Canada -5.8%, Mexico -5.0%).

The Australian’s leaked a report over the weekend that was prepared for the 5 countries that held China responsible for the spreading of the virus out of Wuhan.

Success depends upon previous preparation, and without such preparation there is sure to be failure.

It seems like GroundHog Day at this point folks but, the battle continues with COVID -19 as cases continue to rise over the weekend in the U.S. and deaths from the Chinese Virus inflicted on the United States and the rest of the world continue.