{"id":12034,"date":"2023-08-28T05:43:00","date_gmt":"2023-08-28T09:43:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=12034"},"modified":"2023-08-28T07:39:28","modified_gmt":"2023-08-28T11:39:28","slug":"pfl-railcar-report-8-28-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/","title":{"rendered":"PFL Railcar Report 8-28-2023"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><em>&#8220;Railroads are the great symbols of modernity. They are also, less obviously, the great symbols of democracy.&#8221; <\/em><\/strong><br><strong>&#8211; Paul Theroux<\/strong><\/p>\n\n\n\n<center><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/M50B2LJrThk\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen title=\"Navigating the Tracks: PFLs Podcast on Rail Markets and Energy Economics July 3rd, 2023\"><\/iframe><\/center>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><u>Jobs Update<\/u><\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><u>Initial jobless claims for the week ending August 19th, 2023 came in at 230,000<\/u><\/strong>, down -10,000 people week-over-week.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"797\" height=\"413\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1a-Initial-Jobless-Claims-8-28-2023.png\" alt=\"\" class=\"wp-image-12035\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1a-Initial-Jobless-Claims-8-28-2023.png 797w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1a-Initial-Jobless-Claims-8-28-2023-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1a-Initial-Jobless-Claims-8-28-2023-768x398.png 768w\" sizes=\"auto, (max-width: 797px) 100vw, 797px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong><u>Continuing jobless claims came in at 1.702 million people<\/u><\/strong>, versus the adjusted number of 1.711 million people from the week prior, down -9,000 people week-over-week.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"461\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1b-Cont-Jobless-Claims-8-28-2023.png\" alt=\"\" class=\"wp-image-12036\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1b-Cont-Jobless-Claims-8-28-2023.png 796w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1b-Cont-Jobless-Claims-8-28-2023-300x174.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/1b-Cont-Jobless-Claims-8-28-2023-768x445.png 768w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>Stocks closed higher on Friday of last week, but mixed week over week<\/u><\/strong><\/h4>\n\n\n\n<p><strong><u>The DOW closed higher on Friday of last week, up 247.48 points<\/u><\/strong> (+0.73%), closing out the week at 34,346.9, down -153.76 points week-over-week. <strong><u>The S&amp;P 500 closed higher on Friday of last week, up 29.4 points<\/u><\/strong> (+0.67%), and closed out the week at 4,405.71, up +36 points week-over-week. <strong><u>The NASDAQ closed higher on Friday of last week, up 126.67 points<\/u><\/strong> (+0.95%), and closed the week at 13,590.65, up 299.87 points week-over-week.<\/p>\n\n\n\n<p>In overnight trading, DOW futures traded higher and are expected to open at 34,457 this morning up 80 points.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>Crude oil closed up on Friday of last week, but down week over week<\/u><\/strong><\/h4>\n\n\n\n<p><strong><u>WTI traded up $0.76 per barrel (+1%) to close at $79.83 per barrel <\/u><\/strong>on Friday of last week, but down -$1.42 per barrel week-over-week<strong>.<\/strong> <strong><u>Brent traded up US$1.12 per barrel (+1.3%) on Friday of last week, to close at US$84.48 per barrel<\/u><\/strong>, down -US$0.32 per barrel week-over-week.&nbsp; <strong><u><\/u><\/strong><\/p>\n\n\n\n<p><strong><u>U.S. commercial crude oil inventories<\/u><\/strong> (excluding those in the Strategic Petroleum Reserve) <strong><u>decreased by 6.1 million barrels<\/u><\/strong> week-over-week. At 433.5 million barrels, <strong><u>U.S. crude oil inventories are 2% below the five-year average for this time of year. <\/u><\/strong><strong><u><\/u><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"919\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/2-weekly-us-total-crude-stocks-8-28-2023.png\" alt=\"\" class=\"wp-image-12037\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/2-weekly-us-total-crude-stocks-8-28-2023.png 919w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/2-weekly-us-total-crude-stocks-8-28-2023-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/2-weekly-us-total-crude-stocks-8-28-2023-768x334.png 768w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>Total motor gasoline inventories increased by 1.5 million barrels<\/u><\/strong> week-over-week and are 5% below the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"919\" height=\"401\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-8-28-2023.png\" alt=\"\" class=\"wp-image-12038\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-8-28-2023.png 919w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-8-28-2023-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/3-Weekly-US-Ending-Stocks-of-Total-Gasoline-8-28-2023-768x335.png 768w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>Distillate fuel inventories increased by 900,000 barrels<\/u><\/strong> week-over-week and are 16% below the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/4-Ending-Stocks-of-Distillate-Fuel-Oil-8-28-2023.png\" alt=\"\" class=\"wp-image-12039\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/4-Ending-Stocks-of-Distillate-Fuel-Oil-8-28-2023.png 918w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/4-Ending-Stocks-of-Distillate-Fuel-Oil-8-28-2023-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/4-Ending-Stocks-of-Distillate-Fuel-Oil-8-28-2023-768x335.png 768w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>Propane\/propylene inventories increased by 1.7 million barrels<\/u><\/strong> week-over-week and are 21% above the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"399\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/5-propane-and-propylene-excluding-terminal-8-28-2023.png\" alt=\"\" class=\"wp-image-12040\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/5-propane-and-propylene-excluding-terminal-8-28-2023.png 918w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/5-propane-and-propylene-excluding-terminal-8-28-2023-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/5-propane-and-propylene-excluding-terminal-8-28-2023-768x334.png 768w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>Propane prices closed at 63 cents per gallon, down -9 cents week-over-week<\/u><\/strong> and down -45 cents per gallon year over year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"919\" height=\"402\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/6-Propane-Mont-Belvieu-Pricing-8-28-2023.png\" alt=\"\" class=\"wp-image-12041\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/6-Propane-Mont-Belvieu-Pricing-8-28-2023.png 919w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/6-Propane-Mont-Belvieu-Pricing-8-28-2023-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/6-Propane-Mont-Belvieu-Pricing-8-28-2023-768x336.png 768w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>Overall, total commercial petroleum inventories decreased by 3 million barrels<\/u><\/strong> during the week ending August 18th, 2023.<\/p>\n\n\n\n<p><strong><u>U.S. crude oil imports averaged 6.9 million barrels per day<\/u><\/strong> during the week ending August 18th, 2023,<strong><u> a decrease of 225,000 barrels per day<\/u><\/strong> week-over-week. Over the past four weeks, <strong><u>crude oil imports averaged 6.9 million barrels per day, <\/u><\/strong>6.3% more than the same four-week period last year. <strong><u>Total motor gasoline imports <\/u><\/strong>(including both finished gasoline and gasoline blending components)<strong><u> averaged 893,000 barrels per day, and distillate fuel imports averaged 88,000 barrels per day <\/u><\/strong>during the week ending August 18th, 2023.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"396\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/7-US-imports-of-Crude-Oil-8-28-2023.png\" alt=\"\" class=\"wp-image-12042\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/7-US-imports-of-Crude-Oil-8-28-2023.png 918w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/7-US-imports-of-Crude-Oil-8-28-2023-300x129.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/7-US-imports-of-Crude-Oil-8-28-2023-768x331.png 768w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>U.S. crude oil exports averaged 4.258 million barrels per day <\/u><\/strong>for the week ending August 18th, 2023, <strong><u>a decrease of -341,000 barrels per day week-over-week. <\/u><\/strong>Over the past four weeks, crude oil exports averaged 4.125 million barrels per day.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"399\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Export-of-Crude-8-28-2023.png\" alt=\"\" class=\"wp-image-12043\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Export-of-Crude-8-28-2023.png 918w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Export-of-Crude-8-28-2023-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Export-of-Crude-8-28-2023-768x334.png 768w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n\n\n\n<p><strong><u>U.S. crude oil refinery inputs averaged 16.8 million barrels per day <\/u><\/strong>during the week ending August 18, 2023, <strong><u>which was 30,000 barrels per day more week-over-week.<\/u><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"397\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Refiner-Net-Input-of-Crude-8-28-2023.png\" alt=\"\" class=\"wp-image-12044\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Refiner-Net-Input-of-Crude-8-28-2023.png 918w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Refiner-Net-Input-of-Crude-8-28-2023-300x130.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/8-US-Refiner-Net-Input-of-Crude-8-28-2023-768x332.png 768w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n<\/div>\n\n\n<p>WTI is poised to open at $80.25, up&nbsp;42 cents per barrel from Friday\u2019s close.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\" id=\"north-american-rail-traffic\"><strong><u>North American Rail Traffic<\/u><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>Week Ending August 23rd, 2023.<\/em><\/strong><\/h4>\n\n\n\n<p><strong><u>Total North American weekly rail volumes were down (-4.18%) in week 33,<\/u><\/strong> compared with the same week last year. Total carloads for the week ending on August 23rd, 2023 were 352,154, down (-0.76%) compared with the same week in 2022, while weekly intermodal volume was 312,244, down (-7.76%) compared to the same week in 2022. 7 of the AAR\u2019s 11 major traffic categories posted year-over-year decreases with the most significant decrease coming from Grain (-16.78%). The largest increase came from Motor Vehicles and Parts (+14.11%).<\/p>\n\n\n\n<p>In the East, <strong><u>CSX\u2019s total volumes were down (-2.16%)<\/u><\/strong>, with the largest decrease coming from Grain (-29.17%) and the largest increase from Coal (+17.15%).&nbsp; <strong><u>NS\u2019s volumes were down (-2.91%),<\/u><\/strong> with the largest decrease coming from Petroleum and Petroleum Products (-21.05%) and the largest increase from Motor Vehicles and Parts (+9.65%).<\/p>\n\n\n\n<p>In the West, <strong><u>BN\u2019s total volumes were down (-5.64%)<\/u><\/strong>, with the largest decrease coming from Grain (-21.15%), and the largest increase coming from Other (+37.51%). <strong><u>UP\u2019s total rail volumes were down (-3.05%)<\/u><\/strong> with the largest decrease coming from Other (-38.80%) and the largest increase coming from Petroleum and Petroleum Products (+16.04%).<\/p>\n\n\n\n<p>In Canada, <strong><u>CN\u2019s total rail volumes were down (-10.18%)<\/u><\/strong> with the largest increase coming from Motor Vehicles and Parts (+16.38%) and the largest decrease coming from Grain (-37.34%). <strong><u>CP\u2019s total rail volumes were down (-1.38%)<\/u><\/strong> with the largest decrease coming from Nonmetallic Minerals (-18.8%) and the largest increase coming from Motor Vehicles and Parts (+100.35%).<\/p>\n\n\n\n<p><strong><u>KCS\u2019s total rail volumes were down (-5.18%)<\/u><\/strong> with the largest decrease coming from Intermodal (-20.65%) and the largest increase coming from Motor Vehicles and Parts (+51.85%).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><a id=\"_msocom_1\"><\/a><strong>Source Data: AAR &#8211; PFL Analytics<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\" id=\"rig-count\"><strong><u>Rig Count<\/u><\/strong><\/h4>\n\n\n\n<p><strong><u>North American rig count was down by -9 rigs week-over-week. U.S. rig count was down by -10 rigs week-over-week<\/u><\/strong> and down by -133 rigs year-over-year. The U.S. currently has 632 active rigs. <strong><u>Canada\u2019s rig count was up by 1 rig week-over-week,<\/u><\/strong> and down by -11 rigs year over year.&nbsp; Canada\u2019s overall rig count is 190 active rigs.&nbsp; Overall, <strong><u>year-over-year, we are down -144 rigs collectively.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\" id=\"north-american-rig-count-summary\"><u><strong>North American Rig Count Summary<\/strong><\/u><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"711\" height=\"107\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-8-28-2023.png\" alt=\"\" class=\"wp-image-12052\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-8-28-2023.png 711w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-8-28-2023-300x45.png 300w\" sizes=\"auto, (max-width: 711px) 100vw, 711px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"374\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-Chart-8-28-2023.png\" alt=\"\" class=\"wp-image-12051\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-Chart-8-28-2023.png 796w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-Chart-8-28-2023-300x141.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/9-Rig-Count-Summary-Chart-8-28-2023-768x361.png 768w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><u>A few things we are watching:<\/u><\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Petroleum Carloads<\/em><\/strong><\/h4>\n\n\n\n<p><a><\/a><strong><u>The four-week rolling average of petroleum carloads carried on the six largest North American railroads rose to 25,940 from 25,768,<\/u><\/strong><strong> <\/strong>which was a gain of +172 rail cars week-over-week. <strong><u>Canadian volumes were mixed.<\/u> <\/strong>CPKC\u2019s shipments increased by +5.0% week over week, and CN\u2019s volumes were lower by -1.9% week-over-week. <strong><u>U.S. shipments were also mixed.<\/u> <\/strong>The BN had the largest percentage decrease and was down by -11.1% week-over-week.&nbsp; The CSX had the largest percentage increase and was up by +11.8% week-over-week.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><a><\/a><strong><em>We are Watching TMX &#8211; At Risk of More Delays with Potential Route Change<\/em><\/strong><\/h4>\n\n\n\n<p><strong><u>Folks, just when you didn\u2019t think it was possible, the impossible happens.&nbsp; How difficult is it to build a pipeline these days?<\/u><\/strong>&nbsp; Well, if you are building one in Canada or certain States in the United States it can be challenging to say the least.&nbsp; <strong><u>TMX a pipeline expansion that\u2019s set to boost Canada\u2019s oil shipments to the Pacific Coast is facing the prospect of a costly delay just months before its scheduled startup.<\/u><\/strong><\/p>\n\n\n\n<p><strong><u>Trans Mountain Corporation is seeking a route change for the expansion project <\/u><\/strong>after running into engineering challenges while drilling a tunnel in British Columbia, according to an August 10th&nbsp; letter filed with the Canada Energy Regulator.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/TMX.png\" alt=\"\" class=\"wp-image-12054\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/TMX.png 624w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/08\/TMX-300x165.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><u>The change faces opposition from an indigenous group<\/u><\/strong>, and if it isn&#8217;t approved, the pipeline\u2019s start date will be pushed back and its cost will \u201csignificantly increase\u201d beyond initial estimates, government-owned Trans Mountain said in the filing.<\/p>\n\n\n\n<p><strong><u>The new challenges add to repeated delays and cost overruns that have dogged the project since it began more than a decade ago.<\/u><\/strong> The project\u2019s cost has more than quadrupled to C$30.9 billion ($22.8 billion).<\/p>\n\n\n\n<p>The expansion will boost the pipeline&#8217;s capacity to 890,000 bbls\/d from 300,000 bbls\/d currently.<\/p>\n\n\n\n<p><strong><u>The latest complication involves a route change of roughly 1.3 kilometers <\/u><\/strong>of pipeline that lies in the traditional territory of the local Stk\u2019eml\u00fapsemc te Secw\u00e9pemc Nation, or SSN. The tunneling was a modification made to accommodate SSN\u2019s concerns, and the local community wants to stick with it, according to an Aug. 4th SSN letter to Trans Mountain.<\/p>\n\n\n\n<p>The route change is also happening as Trans Mountain negotiates shipping tolls.<\/p>\n\n\n\n<p>Canadian Natural Resources Limited, along with several other companies that have signed contracts to use the line, requested a two-week extension on the deadline to provide comments on tolls.<\/p>\n\n\n\n<p><strong><u>The altered route may have \u201cimplications\u201d on the timing of the commencement date for the line, Canadian Natural said.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><a><\/a><strong><em>We Continue to Watch Potential Strikes<\/em><\/strong><\/h4>\n\n\n\n<p><strong><u>There was good news last week as UPS struck a deal with workers that will avoid a strike.<\/u><\/strong> In the five-year deal, the shipping giant has agreed to increase and standardize pay, end forced overtime on drivers&#8217; days off, and add air conditioning to more trucks. <strong><u>The same cannot be said for the United Auto Workers union at the moment.<\/u><\/strong> Last week autoworkers overwhelmingly voted to allow union leaders to call a strike if negotiations with General Motors, Ford, and Stellantis don&#8217;t start making some serious headway before the current contract expires on September 14.&nbsp; <strong><u>This could be bad news for rail.&nbsp; Auto traffic has been the bright spot in rail.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We continue to watch LNG and LPG\u2019s<\/em><\/strong><\/h4>\n\n\n\n<p><strong><u>According to the EIA, the United States exported more liquefied natural gas than any other country in the first six months of 2023.<\/u><\/strong> U.S. LNG exports averaged 1<strong><u>1.6 billion cubic feet per day (Bcf\/d) <\/u><\/strong>during this period, 4% (0.5 Bcf\/d) higher than the first half of last year and 9.5% (1.0 Bcf\/d) higher than the 2022 annual average, according to data from the U.S. Department of Energy\u2019s LNG Reports. <strong><u>Australia <\/u><\/strong>was the world\u2019s second-largest LNG exporter in the first half of 2023, with LNG exports averaging <strong><u>10.6 Bcf\/d <\/u><\/strong>during this period, followed by <strong><u>Qatar <\/u><\/strong>at <strong><u>10.4 Bcf\/d.<\/u><\/strong> The increase in LNG exports from the United States was mainly the result of Freeport LNG\u2019s return to service and continued growth in global LNG demand, particularly in Europe.&nbsp; The more LNG produced the more LPG\u2019s &#8211; good for rail and the pressure car.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><u><mark style=\"background-color:rgba(0, 0, 0, 0);color:#086aa3\" class=\"has-inline-color\">We have been extremely busy at PFL with return-on-lease programs involving rail car storage instead of returning cars to a shop.&nbsp; A quick turnaround is what we all want and need. &nbsp;&nbsp;Railcar storage in general has been extremely active.&nbsp; Please call PFL now at 239-390-2885 if you are looking for rail car storage, want to troubleshoot a return on lease scenario, or have storage availability.&nbsp; Whether you are a car owner, lessor or lessee, or even a class 1 that wants to help out a customer we are here to \u201chelp you help your customer!\u201d<\/mark><\/u><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center has-vivid-red-color has-text-color\"><strong><u><strong><u>Leasing and Subleasing has been brisk as economic activity picks up. Inquiries have continued to be brisk and strong Call PFL Today for all your rail car needs at 239-390-2885<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Bids<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>30-100, 31.8K CPC 1232 Tanks needed off of UP or BN in Texas for Purchase or Lease.<\/li>\n\n\n\n<li>100, 6300 Covered Hoppers needed off of BN in South Dakota for 3-6 Months. Cars are needed for use in DDG service.<\/li>\n\n\n\n<li>15, 30K 117 Tanks needed off of NS in SouthEast for 1 Year. Cars are needed for use in Diesel service.<\/li>\n\n\n\n<li>25, 33K 340W Pressure Tanks needed off of UP or BN in Midwest for Oct-March. Cars are needed for use in Propane service.<\/li>\n\n\n\n<li>20-25, 30K 117 Tanks needed off of UP or BN in Illinois for 5 Years. Cars are needed for use in Ethanol service.<\/li>\n\n\n\n<li>10, 30K 117 Tanks needed off of NS or CSX in Marcellus for Trip Lease. Cars are needed for use in C5 service.<\/li>\n\n\n\n<li>100, 28.3K DOT 111\/117 Tanks needed off of UP or BN in Midwest\/Texas for 5 Years. Cars are needed for use in Veg Oils \/ Biodiesel service. Need to be Unlined<\/li>\n\n\n\n<li>25-50, 33K 400W Pressure Tanks needed off of CN or CP in Canada for Short Term. Cars are needed for use in Propylene service.<\/li>\n\n\n\n<li>50-100, 4550 Covered Hoppers needed off of UP or BN in Texas for 5 Years. Cars are needed for use in Grain service.<\/li>\n\n\n\n<li>10, 33K 340W Pressure Tanks needed off of CN in LA for 1 Year. Cars are needed for use in Butane service.<\/li>\n\n\n\n<li>25, 20.5K CPC1232 or 117J Tanks needed off of BNSF or UP in the west for 3-5 Years. Cars are needed for use in Magnesium chloride service. SDS onhand<\/li>\n\n\n\n<li>25-50, 25.5K 117J Tanks needed off of NS CSX in Northeast for 5 Years. Cars are needed for use in Asphalt \/ Heavy Fuel Oil service.<\/li>\n\n\n\n<li>30-50, 33K 340W Pressure Tanks needed off of any class 1 in any location for 6-12 Months. Cars are needed for use in Propane service.<\/li>\n\n\n\n<li>60-150, 30K 117J Tanks needed off of TYR, UP in Corpus Christi, TX for 1 year. Cars are needed for use in Diesel service.<\/li>\n\n\n\n<li>15, 28.3K 117J Tanks needed off of any class 1 in any location for 3 years. Cars are needed for use in Glycerin &amp; Palm Oil service.<\/li>\n\n\n\n<li>up to 50, 31.8K 117J, 117R, CPC 1232 Tanks needed off of any class 1 in Texas or Ohio for 1-3 years. Cars are needed for use in Diesel \/ Gasoline service.<\/li>\n\n\n\n<li>45, 3000 cf PDs Hoppers needed off of any class 1 in Texas for 3 years. Cars are needed for use in Any service.<\/li>\n\n\n\n<li>30, 17K-20K 117J Tanks needed off of UP or BN in the Midwest\/West Coast for 3-5 Years. Cars are needed for use in Caustic service.<\/li>\n\n\n\n<li>10, 286K 15.7K Tanks needed off of KCS in Texas for 1 Year. Cars are needed for use in Sulfuric Acid service. Needed Next few months<\/li>\n\n\n\n<li>150, 23.5K DOT 111 Tanks needed off of any class 1 in LA for 2-3 Years. Cars are needed for use in Fluid service. Needed July<\/li>\n\n\n\n<li>25-50, 32K 340W Pressure Tanks needed off of NS or CSX in Marcellus for 1-2 Years. Cars are needed for use in Propane service.<\/li>\n\n\n\n<li>25-50, 30K DOT 111, 117, CPC 1232 Tanks needed off of CN or CP in WI, Sarnia for 1-2 Years. Cars are needed for use in Diesel service.<\/li>\n\n\n\n<li>10, 5200cf PD Hoppers needed off of UP in Colorado for 1-3 years. Cars are needed for use in Silica service. Call for details<\/li>\n\n\n\n<li>30-40, 286K DOT 113 Tanks needed off of CN or CP\/ UP in Canada\/MM for 5 Years. Cars are needed for use in CO2 service. Q1<\/li>\n\n\n\n<li>70, 32K 340W Pressure Tanks needed off of CP or CN in Edmonton for 3 Years. Cars are needed for use in Propane service.<\/li>\n\n\n\n<li>30, 30K DOT 111 Tanks needed off of UP in Texas for 1-3 Years. Cars are needed for use in Diesel service.<\/li>\n\n\n\n<li>5-7, 28.3K 117R Tanks needed off of NS or CSX in NC for 1 Year. Cars are needed for use in UCO service.<\/li>\n\n\n\n<li>25-50, 5000CF-5100CF Lined Hoppers needed off of BNSF, CSX, KCS, UP in Gulf LA for 3-10 years. Cars are needed for use in Dry sugar service. 3-bay gravity dump<\/li>\n\n\n\n<li>10, any capacity Stainless Steel Tanks needed off of any class 1 in Canada for 5-10 years. Cars are needed for use in Alcohol service.<\/li>\n\n\n\n<li>30-50, 30K 117 Tanks needed off of any class 1 in Northeast or Midwest for 1 Year. Cars are needed for use in C5 service. Must have Magrods<\/li>\n\n\n\n<li>100, 33K 340W Pressure Tanks needed off of CN in Canada for 3-5 Years. Cars are needed for use in Propane service.<\/li>\n\n\n\n<li>Up to 60, 5150cf Covered Hoppers needed off of CN, CSX, and NS in the east or midwest for 3 years. Cars are needed for use in Fertilizer service. 3-4 hatch gravity dumps<\/li>\n\n\n\n<li>20-30, 14k Any tanks needed off of BNSF, UP in Texas for 1-3 Years. Cars are needed for use in HCl service. Call for more details<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Sales Bids<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1-2, Any DOT 111, 117, CPC 1232 Tanks needed off of any class 1 in Texas. Coiled and Insulated<\/li>\n\n\n\n<li>45, 3000 cf PD Hoppers needed off of any class 1 in Texas. Negotiable<\/li>\n\n\n\n<li>20-25, 25.5K 117, DOT-111, CPC 1232 Tanks needed off of UP or BN in Texas. Cars are needed for use in Veg Oil service. Coiled and insulated<\/li>\n\n\n\n<li>15, 30K 117, DOT-111, CPC 1232 Tanks needed off of UP or BN in Texas. Cars are needed for use in Veg Oil service.<\/li>\n\n\n\n<li>2-4, 28K DOT 111 Tanks needed off of BNSF Preferred in Minnesota. Cars are needed for use in Biodiesel service. Coiled and insulated<\/li>\n\n\n\n<li>100, Plate F Boxcars needed off of BN or UP in Texas.<\/li>\n\n\n\n<li>200+, 5000cf Covered Hoppers needed off of any class 1 in various locations.<\/li>\n\n\n\n<li>20-30, 3000 &#8211; 3300 PDs Hoppers needed off of BN or UP preferred in West. Cars are needed for use in Cement service. C612<\/li>\n\n\n\n<li>10, 2770 Mill Gondolas needed off of any class 1 in St. Louis. Cars are needed for use in Cement service.<\/li>\n\n\n\n<li>100, 15.7K DOT 111 Tanks needed off of CSX or NS in the east. Cars are needed for use in Molten Sulfur service.<\/li>\n\n\n\n<li>30, 17K-20K DOT 111 Tanks needed off of UP or BN in Texas. Cars are needed for use in UAN service.<\/li>\n\n\n\n<li>20, 2770 Mill Gondolas needed off of CSX in the northeast. Cars are needed for use in non-haz soil service. 52-60 ft<\/li>\n\n\n\n<li>10, 4000 Open Hoppers needed off of CSX in the northeast. Cars are needed for use in scrap metal service. Open top hopper<\/li>\n\n\n\n<li>10, 6400 Open Hoppers needed off of CSX in the northeast. Cars are needed for use in wood chip service. Open top hopper, flat bottom<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Offers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>70, 25.5K, 117J Tanks located off of UP in Texas. Cars are clean Call for more information<\/li>\n\n\n\n<li>30, 23.5K, DOT111 Tanks located off of UP or BN in Texas. Cars were last used in Clean \/ UAN.<\/li>\n\n\n\n<li>25-100, 17.6K, DOT111 Tanks located off of UP or BN in the Midwest. Cars were last used in Fertilizer \/ Corn syrup. Free move available<\/li>\n\n\n\n<li>20, 20k, DOT111 Tanks located off of CSX in GA. Cars are clean<\/li>\n\n\n\n<li>2, 20K, DOT111 Tanks located off of UP in TX. Cars are clean<\/li>\n\n\n\n<li>5, 20K, DOT111 Tanks located off of UP in TX. Cars were last used in sulfuric acid. Free move available<\/li>\n\n\n\n<li>10, 6500, Covered Hoppers located off of UP and BN in Iowa. Cars are clean<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Sales Offers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>100-200, 31.8K, CPC 1232 Tanks located off of BN in Chicago. Dirty\/Clean<\/li>\n\n\n\n<li>100, 28.3K, 117J Tanks located off of various class 1s in multiple locations.<\/li>\n\n\n\n<li>110, 25.5K, DOT 111 Tanks located off of UP and BN in multiple locations. Dirty, Food Grade. Cars are currently moving<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Call PFL today to discuss your needs and our availability and market reach. Whether you are looking to lease cars, lease out cars, buy cars, or sell cars call PFL today at 239-390-2885<\/strong><\/p>\n\n\n\n<p><strong><strong>PFL offers turn-key solutions to maximize your profitability. <\/strong>Our goal is to provide a win\/win scenario for all and we can handle virtually all of your railcar needs. Whether it\u2019s <strong><u>loaded storage, empty storage, subleasing or leasing excess cars, filling orders for cars wanted, <a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/youtu.be\/tcf2z1riziI\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar cleaning<\/a>, blasting, <a href=\"https:\/\/pflpetroleum.com\/railcarmaintenanceandrepair.html\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar repair<\/a>, or <a href=\"https:\/\/pflpetroleum.com\/railcarscrapping.html\" target=\"_blank\" rel=\"noreferrer noopener\">scrapping<\/a> at strategic partner sites, <\/u><\/strong>PFL will do its best to assist you. PFL also assists fleets and lessors with<a href=\"https:\/\/pflpetroleum.com\/railcarleasingandsales.html\" target=\"_blank\" rel=\"noreferrer noopener\"> leases and sales<\/a> and offers <strong>Total Fleet Evaluation Services. <u>We will analyze your current leases, storage, and company objectives <\/u><\/strong>to draw up a plan of action. <strong><u>We will save Lessor and Lessee the headache and aggravation of navigating through this rapidly changing landscape<\/u><\/strong><\/strong>.<\/p>\n\n\n\n<p class=\"has-text-align-center has-vivid-red-color has-text-color\"><strong><u><strong><u><strong><u>PFL IS READY TO CLEAN CARS TODAY ON A MOBILE BASIS WE ARE CURRENTLY IN EAST TEXAS<\/u><\/strong><\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<style>\r\n    #map {\r\n        height: 600px;\r\n        width: 100%;\r\n    }\r\n    #filterBar {\r\n        text-align: center;\r\n        margin: 20px 0;\r\n    }\r\n    table {\r\n        width: 100%;\r\n        border-collapse: collapse;\r\n        margin-top: 10px;\r\n        font-family: sans-serif;\r\n    }\r\n    th {\r\n        background-color: #020f52;\r\n        color: white;\r\n        padding: 8px;\r\n        border: 1px solid #ccc;\r\n        text-align: left;\r\n    }\r\n    td {\r\n        padding: 8px;\r\n        border: 1px solid #ccc;\r\n    }\r\n    tbody tr:nth-child(odd) {\r\n        background-color: #f9f9f9;\r\n    }\r\n    tbody tr:nth-child(even) {\r\n        background-color: #e8e8e8;\r\n    }\r\n    tr:nth-of-type(odd){background-color:#d7f6f7}\r\n    td{border:1px solid #ccc;padding:8px}\r\n#map{height:350px;max-width:100%}#dataTable,table{border-collapse:collapse;width:100%;height:400px;display:block;overflow:hidden;overflow-y:auto}th{background-color:#020f52;color:#fff;text-align:center;position:sticky;top:0},tr{border:1px solid #000}<\/style>\r\n<h3 align=\"center\">Live Railcar Markets<\/h3>\r\n            <style>.custom-table{width:100%;border-collapse:collapse}.custom-table td,.custom-table th{border:1px solid #ccc;padding:8px}body{margin:0;padding:0}.tab-container{display:flex}.tab{cursor:pointer;padding:10px;border:1px solid #ccc}.tab.active{background-color:#f0f0f0}.table-container{max-height:400px;overflow-y:auto}<\/style>\r\n                <div class=\"tab-container\">\r\n        <div class=\"tab active\" onclick='showTable(\"leaseOfferTable\", this)'>Lease Offers<\/div>\r\n        <div class=\"tab\" onclick='showTable(\"leaseBidsTable\", this)'>Lease Bids<\/div>\r\n        <div class=\"tab\" onclick='showTable(\"salesOffersTable\", this)'>Sales Offers<\/div>\r\n        <div class=\"tab\" onclick='showTable(\"salesBidsTable\", this)'>Sales Bids<\/div>\r\n    <\/div>\r\n    <div class=\"table-container\">\r\n        <table id=\"leaseOfferTable\" class=\"custom-table\" style=\"display:table\">\r\n            <thead>\r\n                <tr><th>CAT<\/th><th>Type<\/th><th>Capacity<\/th><th>GRL<\/th><th>QTY<\/th><th>LOC<\/th><th>Class<\/th><th>Prev. Use<\/th><th>Offer<\/th><th>Note<\/th><\/tr>\r\n            <\/thead>\r\n            <tbody><\/tbody>\r\n        <\/table>\r\n    <\/div>\r\n    <div class=\"table-container\">\r\n        <table id=\"leaseBidsTable\" class=\"custom-table\" style=\"display:none\">\r\n            <thead>\r\n                <tr><th>CAT<\/th><th>Type<\/th><th>Size<\/th><th>GRL<\/th><th>QTY<\/th><th>LOC<\/th><th>Class1<\/th><th>Term<\/th><th>Commodity<\/th><th>Offer<\/th><th>Note<\/th><\/tr>\r\n            <\/thead>\r\n            <tbody><\/tbody>\r\n        <\/table>\r\n    <\/div>\r\n    <div class=\"table-container\">\r\n        <table id=\"salesOffersTable\" class=\"custom-table\" style=\"display:none\">\r\n            <thead>\r\n                <tr><th>CAT<\/th><th>Type<\/th><th>Capacity<\/th><th>GRL<\/th><th>QTY<\/th><th>LOC<\/th><th>Class<\/th><th>Prev. Use<\/th><th>Clean<\/th><th>Offer<\/th><th>Note<\/th><\/tr>\r\n            <\/thead>\r\n            <tbody><\/tbody>\r\n        <\/table>\r\n    <\/div>\r\n    <div class=\"table-container\">\r\n        <table id=\"salesBidsTable\" class=\"custom-table\" style=\"display:none\">\r\n            <thead>\r\n                <tr><th>CAT<\/th><th>Type<\/th><th>Capacity<\/th><th>GRL<\/th><th>QTY<\/th><th>LOC<\/th><th>Class1<\/th><th>Commodity<\/th><th>Offer<\/th><th>Note<\/th><\/tr>\r\n            <\/thead>\r\n            <tbody><\/tbody>\r\n        <\/table>\r\n    <\/div>\r\n\r\n    <script>\r\n    function showTable(tableId, tabElement) {\r\n        const tables = document.querySelectorAll(\".custom-table\");\r\n        tables.forEach(table => table.style.display = \"none\");\r\n        document.getElementById(tableId).style.display = \"table\";\r\n        const tabs = document.querySelectorAll(\".tab\");\r\n        tabs.forEach(tab => tab.classList.remove(\"active\"));\r\n        tabElement.classList.add(\"active\");\r\n    }\r\n\r\n    function fetchData(url, tableId) {\r\n    fetch(url)\r\n        .then(response => response.json())\r\n        .then(data => {\r\n            const table = document.getElementById(tableId).getElementsByTagName('tbody')[0];\r\n            data.forEach(item => {\r\n                const row = table.insertRow();\r\n                Object.values(item).forEach(value => {\r\n                    const cell = row.insertCell();\r\n                    \/\/ Check if value is empty or null and set it to an empty string or custom string like '\u2014'\r\n                    cell.innerHTML = value ? value : '\u2014';  \/\/ Replace blank values with '\u2014' or leave as blank\r\n                });\r\n            });\r\n        })\r\n        .catch(error => console.error('Error fetching data:', error));\r\n}\r\n\r\n\r\n    \/\/ Fetch data for each section\r\n    fetchData('https:\/\/manifest.pflpetroleum.com\/api\/lease_offer.php', 'leaseOfferTable');\r\n    fetchData('https:\/\/manifest.pflpetroleum.com\/api\/lease_bids.php', 'leaseBidsTable');\r\n    fetchData('https:\/\/manifest.pflpetroleum.com\/api\/sales_offer.php', 'salesOffersTable');\r\n    fetchData('https:\/\/manifest.pflpetroleum.com\/api\/sales_bids.php', 'salesBidsTable');\r\n    <\/script>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Railroads are the great symbols of modernity. They are also, less obviously, the great symbols of democracy.&#8221; &#8211; Paul Theroux Jobs Update Stocks closed higher on Friday of last week, but mixed week over week The DOW closed higher on Friday of last week, up 247.48 points (+0.73%), closing out the week at 34,346.9, down [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":748,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-12034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-railcar-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Railcar Market Report for August 28th, 2023<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Curtis Chandler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"PFL Railcar Report 8-28-2023\",\"datePublished\":\"2023-08-28T09:43:00+00:00\",\"dateModified\":\"2023-08-28T11:39:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/\"},\"wordCount\":3042,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/RailcarReport.jpg\",\"articleSection\":[\"Railcar Report\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/\",\"name\":\"The PFL Railcar Market Report for August 28th, 2023\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/RailcarReport.jpg\",\"datePublished\":\"2023-08-28T09:43:00+00:00\",\"dateModified\":\"2023-08-28T11:39:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#primaryimage\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/RailcarReport.jpg\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/RailcarReport.jpg\",\"width\":1920,\"height\":1079},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-28-2023\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PFL Railcar Report 8-28-2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\",\"name\":\"PFL Petroleum Services LTD\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\",\"name\":\"PFL Petroleum Services LTD\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/instagramlogo.png\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/instagramlogo.png\",\"width\":180,\"height\":180,\"caption\":\"PFL Petroleum Services LTD\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/progressivefuelslimited\\\/\",\"https:\\\/\\\/x.com\\\/pflpetroleum\",\"https:\\\/\\\/www.instagram.com\\\/pflpetroleum\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/20513933\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCO9L3c7NjG9qoB1BmKf_Hsg\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\",\"name\":\"Curtis Chandler\",\"description\":\"Throughout his career, Curtis has held various significant roles in renowned energy organizations. He served as the Principal &amp; Director of Blackstone Energy Services Inc. &amp; played a crucial role as the Managing Director of Collingwood Ethanol L.P. He also worked as a Partner at Intercontinental Energy Brokers Inc., specializing in derivatives. Curtis's also served as the Director of Marketing &amp; Supply at Novagas Clearinghouse Ltd., a subsidiary of Dynegy Canada Inc. Additionally, he held the position of VP at Great West Energy Ltd., a subsidiary of Bow Valley Energy Inc., where he played an instrumental role in establishing the company. Curtis also co-founded of Great West Energy with his father in 1988. During the rapid growth of Great West Energy, Curtis oversaw information systems, managed supply purchasing &amp; sales, &amp; played a pivotal role in new market development. Curtis also worked as a market maker at Novagas, responsible for pricing decisions across all regions of Canada. In 1994, he co-founded Chandler Energy Inc. (CEI) &amp; Chandler Energy Resources Inc. These companies quickly became prominent players in the Canadian natural gas market, moving substantial volumes of gas to customers in North America. Chandler Energy Resources collaborated with Dominion Energy &amp; Sabine to develop an underground natural gas storage facility near Edmonton, Alberta. Following these successes, Curtis established Intercontinental Energy Brokers in 1997, which emerged as a leading gas &amp; power broker in Europe before being sold to ICAP in 2003. Curtis Chandler's notable achievements and diverse experiences position him as a respected figure in the energy and rail industries.\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/author\\\/curtis\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The PFL Railcar Market Report for August 28th, 2023","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/","twitter_misc":{"Written by":"Curtis Chandler","Est. reading time":"17 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/"},"author":{"name":"Curtis Chandler","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/b52cec883a82d94540b07fb1f9e49319"},"headline":"PFL Railcar Report 8-28-2023","datePublished":"2023-08-28T09:43:00+00:00","dateModified":"2023-08-28T11:39:28+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/"},"wordCount":3042,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport.jpg","articleSection":["Railcar Report"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/","url":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/","name":"The PFL Railcar Market Report for August 28th, 2023","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport.jpg","datePublished":"2023-08-28T09:43:00+00:00","dateModified":"2023-08-28T11:39:28+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#primaryimage","url":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport.jpg","contentUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport.jpg","width":1920,"height":1079},{"@type":"BreadcrumbList","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-28-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 8-28-2023"}]},{"@type":"WebSite","@id":"https:\/\/pflpetroleum.com\/reports\/#website","url":"https:\/\/pflpetroleum.com\/reports\/","name":"PFL Petroleum Services LTD","description":"","publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pflpetroleum.com\/reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pflpetroleum.com\/reports\/#organization","name":"PFL Petroleum Services LTD","url":"https:\/\/pflpetroleum.com\/reports\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/logo\/image\/","url":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/02\/instagramlogo.png","contentUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/02\/instagramlogo.png","width":180,"height":180,"caption":"PFL Petroleum Services LTD"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/progressivefuelslimited\/","https:\/\/x.com\/pflpetroleum","https:\/\/www.instagram.com\/pflpetroleum\/","https:\/\/www.linkedin.com\/company\/20513933","https:\/\/www.youtube.com\/channel\/UCO9L3c7NjG9qoB1BmKf_Hsg"]},{"@type":"Person","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/b52cec883a82d94540b07fb1f9e49319","name":"Curtis Chandler","description":"Throughout his career, Curtis has held various significant roles in renowned energy organizations. He served as the Principal &amp; Director of Blackstone Energy Services Inc. &amp; played a crucial role as the Managing Director of Collingwood Ethanol L.P. He also worked as a Partner at Intercontinental Energy Brokers Inc., specializing in derivatives. Curtis's also served as the Director of Marketing &amp; Supply at Novagas Clearinghouse Ltd., a subsidiary of Dynegy Canada Inc. Additionally, he held the position of VP at Great West Energy Ltd., a subsidiary of Bow Valley Energy Inc., where he played an instrumental role in establishing the company. Curtis also co-founded of Great West Energy with his father in 1988. During the rapid growth of Great West Energy, Curtis oversaw information systems, managed supply purchasing &amp; sales, &amp; played a pivotal role in new market development. Curtis also worked as a market maker at Novagas, responsible for pricing decisions across all regions of Canada. In 1994, he co-founded Chandler Energy Inc. (CEI) &amp; Chandler Energy Resources Inc. These companies quickly became prominent players in the Canadian natural gas market, moving substantial volumes of gas to customers in North America. Chandler Energy Resources collaborated with Dominion Energy &amp; Sabine to develop an underground natural gas storage facility near Edmonton, Alberta. Following these successes, Curtis established Intercontinental Energy Brokers in 1997, which emerged as a leading gas &amp; power broker in Europe before being sold to ICAP in 2003. Curtis Chandler's notable achievements and diverse experiences position him as a respected figure in the energy and rail industries.","url":"https:\/\/pflpetroleum.com\/reports\/author\/curtis\/"}]}},"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport-150x150.jpg",150,150,true],"full":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/05\/RailcarReport.jpg",1920,1079,false]},"categories_names":{"17":{"name":"Railcar Report","link":"https:\/\/pflpetroleum.com\/reports\/category\/railcar-report\/"}},"tags_names":[],"comments_number":"0","_links":{"self":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/12034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/comments?post=12034"}],"version-history":[{"count":20,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/12034\/revisions"}],"predecessor-version":[{"id":12075,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/12034\/revisions\/12075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media\/748"}],"wp:attachment":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media?parent=12034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=12034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=12034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}