
PFL Railcar Report 4-13-2020
“We are all born ignorant, but one must work hard to remain stupid.”
The Weekly PFL Railcar report consists of all the different variables affecting Rail Traffic including, but not limited to; Oil Pipeline shutdowns, Oil Producer Shutdowns, Unemployment rates, and North American Rig Count. Check the latest Rail Traffic Indicators as well as the most recent railcar markets.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

“We are all born ignorant, but one must work hard to remain stupid.”

We lost a whopping 6 million jobs last week. Expect closer to 9 million job losses this week.

Jobs have always been a concern from the onset of the virus, as cash strapped small businesses had no choice but to lay people off after being forced to shut down their businesses.

Folks, as most of you know, there is a battle going on out there amid the COVID -19 outbreak, as it continues to create havoc across the world.

Folks, there are a lot of difficulties out there right now. North American rail volumes were down 6.4% year over year in week 10

Storage has become a major topic at the conferences. Curtis Chandler sat on the SEARS Storage Panel to gave his expert advice on how to handle excess railcars

Dow Jones futures plummeted Sunday night in overseas trading, along with S&P 500 futures and Nasdaq futures, as an all-out crude oil price war adds to coronavirus fears. Trading in S&P futures was halted in overnight trading once levels hit the maximum allowed drop of 5%.

Folks, it was a really bad week last week for commodities and equities – a historic sell off

Coronavirus updates, Canadian Protests, Railcar volumes and more in this week’s Railcar Market Update

The latest and greatest on the coronavirus, North American Rig Count, Hot Markets and more