{"id":15334,"date":"2024-09-22T19:40:25","date_gmt":"2024-09-22T23:40:25","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=15334"},"modified":"2024-10-30T10:44:08","modified_gmt":"2024-10-30T14:44:08","slug":"pfl-railcar-report-9-23-2024","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-9-23-2024\/","title":{"rendered":"PFL Railcar Report 9-23-2024"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><em>\u201cOne fails forward toward success.\u201d &#8211; <\/em>Charles Kettering<\/strong><\/p>\n\n\n\n<center><iframe width=\"100%\" style=\"width: 100%; aspect-ratio: 16 \/ 9;\" src=\"https:\/\/www.youtube.com\/embed\/CG05jdl3juk\" title=\"The PFL Petroleum Services Weekly Briefing\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen>The PFL Petroleum Services Weekly Briefing<\/iframe><\/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><span style=\"text-decoration: underline;\">Initial jobless claims seasonally adjusted for the week ending September 14th came in at 219,000<\/span><\/strong>, down -12,000 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=\"777\" height=\"403\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-25.png\" alt=\"\" class=\"wp-image-15335\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-25.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-25-300x156.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-25-768x398.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">Continuing jobless claims came in at 1.829 million people<\/span><\/strong>, versus the adjusted number of 1.843 million people from the week prior, down -14,000 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=\"779\" height=\"449\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-26.png\" alt=\"\" class=\"wp-image-15336\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-26.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-26-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-26-768x443.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Stocks closed mixed on Friday of last week, but higher week over week<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The DOW closed higher, on Friday of last week up 38.17 points (0.09%), closing out the week at 42,063.36<\/span>,<\/strong> up 669.59 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed lower on Friday of last week, down -11.09 points, and closed out the week at 5,702.55<\/span>,<\/strong> up 76.53 points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed lower on Friday of last week, down -65.66 points (-0.37%), and closed out the week at 17,948.32,<\/span><\/strong> up 264.34 points week over week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In overnight trading, DOW futures traded higher and are expected to open at 42,450 this morning up 7 points.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Crude oil closed lower on Friday of last week, but higher week over week.<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">West Texas Intermediate (WTI) crude closed down -$0.30 per barrel (-0.4%) to close at $71.92 per barrel<\/span><\/strong> on Friday of last week, up $3.27 per barrel week over week. <strong><span style=\"text-decoration: underline;\">Brent traded down -$0.39 USD per barrel (-0.52%) on Friday of last week, to close at $74.49 per barrel<\/span>,<\/strong> up $2.88 per barrel week-over-week.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><a href=\"https:\/\/www.oneexchangecorp.com\/\"><span style=\"text-decoration: underline;\"><strong>One Exchange WCS<\/strong><\/span><\/a><strong><span style=\"text-decoration: underline;\"> (Western Canadian Select) for November delivery settled Friday on last week at US$13.50 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average). The implied value was US$ 56.56 per barrel.&nbsp;<\/span><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. commercial crude oil inventories<\/span><\/strong> (excluding those in the Strategic Petroleum Reserve) <strong><span style=\"text-decoration: underline;\">decreased by 1.6 million barrel<\/span>s<\/strong> week-over-week. At 417.5 million barrels, <strong><span style=\"text-decoration: underline;\">U.S. crude oil inventories are 4% below the five-year average for this time of year.<\/span><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"778\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-27.png\" alt=\"\" class=\"wp-image-15337\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-27.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-27-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-27-768x340.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total motor gasoline inventories increased by 100,000 barrels week-over-week<\/span><\/strong> and are slightly 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=\"776\" height=\"347\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-28.png\" alt=\"\" class=\"wp-image-15338\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-28.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-28-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-28-768x343.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories increased by 100,000 barrels week-over-week<\/span><\/strong> and are 9% 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=\"778\" height=\"347\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-29.png\" alt=\"\" class=\"wp-image-15339\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-29.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-29-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-29-768x343.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane\/propylene inventories increased by 2.3 million barrels week-over-week<\/span><\/strong> and are 11% 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=\"776\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-30.png\" alt=\"\" class=\"wp-image-15340\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-30.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-30-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-30-768x340.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 64 cents per gallon on Friday of last week<\/span><\/strong>, down 6 cents per gallon week-over-week and down 13 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=\"780\" height=\"343\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-31.png\" alt=\"\" class=\"wp-image-15341\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-31.png 780w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-31-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-31-768x338.png 768w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/figure>\n<\/div>\n\n\n<p>Overall,<strong> <span style=\"text-decoration: underline;\">total commercial petroleum inventories increased by 3.4 million barrels week-over-week<\/span><\/strong> during the week ending September 13, 2024.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.3 million barrels per day <\/span><\/strong>during the week ending September 13, 2024<strong>, <span style=\"text-decoration: underline;\">a decrease of 545,000 barrels per day week-over-week<\/span><\/strong>. Over the past four weeks, <strong><span style=\"text-decoration: underline;\">crude oil imports averaged 6.4 million barrels per day<\/span><\/strong>, 7.1% less than the same four-week period last year. <strong><span style=\"text-decoration: underline;\">Total motor gasoline imports<\/span> <\/strong>(including both finished gasoline and gasoline blending components) <strong><span style=\"text-decoration: underline;\">467,000 barrels per day, and distillate fuel imports averaged 138,000 barrels per day<\/span><\/strong> during the week ending September 13, 2024.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-32.png\" alt=\"\" class=\"wp-image-15342\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-32.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-32-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-32-768x340.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil exports averaged 4.589 million barrels per day<\/span><\/strong> for the week ending September 13th, 2024, an increase of 1.284 million barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.83 million barrels per day.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"779\" height=\"348\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-33.png\" alt=\"\" class=\"wp-image-15343\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-33.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-33-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-33-768x343.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil refinery inputs averaged 16.5 million barrels per day<\/span><\/strong> during the week ending September 13, 2024, which was 283,000 barrels per day less week-over-week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"776\" height=\"341\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-34.png\" alt=\"\" class=\"wp-image-15344\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-34.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-34-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-34-768x337.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p>WTI is poised to open at $71.10, up&nbsp; 10 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<p class=\"has-text-align-center\"><strong>Week Ending September 18th, 2024.<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were up (+4.4%) in week 38,<\/span> <\/strong>compared with the same week last year. Total carloads for the week ending on September 18th were 347,598, down (-2.05%) compared with the same week in 2023, while weekly intermodal volume was 58,213, up (+11.53%) compared to the same week in 2023. 7 of the AAR\u2019s 11 major traffic categories posted year-over-year decreases. The most significant decrease came from Metallic Ores and Metals, which was down (-8.05%). The most significant increase came from Grain which was up (+16.98%).<\/p>\n\n\n\n<p>In the East,<strong> <span style=\"text-decoration: underline;\">CSX\u2019s total volumes were up (+4.04%)<\/span>, <\/strong>with the largest decrease coming from Metallic ores and Metals (-9.91%) while the largest increase came from Grain (+25.32%).<strong> <span style=\"text-decoration: underline;\">NS\u2019s volumes were up (+6.55%)<\/span>, <\/strong>with the largest increase coming from Grain (+66.24%), while the largest decrease came from Petroleum and Petroleum Products (-9.71%).<\/p>\n\n\n\n<p>In the West, <strong><span style=\"text-decoration: underline;\">BN\u2019s total volumes were up (+8.89%)<\/span>, <\/strong>with the largest increase coming from Intermodal (+16.94%) while the largest decrease came from Motor Vehicles and Parts down (-10.27%).<strong> <span style=\"text-decoration: underline;\">UP\u2019s total rail volumes were up (+4.4%)<\/span> <\/strong>with the largest decrease coming from Metallic Ores and Metals, down (-19.3%), while the largest increase came from Other which was up (+25.04%).<\/p>\n\n\n\n<p>In Canada,<strong> C<span style=\"text-decoration: underline;\">N\u2019s total rail volumes were down (-5.39%)<\/span> <\/strong>with the largest decrease coming from Metallic Ores and Metals, down (-15.15%) while the largest increase came from Other, up (+137.32%).<strong> <span style=\"text-decoration: underline;\">CP\u2019s total rail volumes were down (-7.81%)<\/span> <\/strong>with the largest increase coming from Other (+50%), while the largest decrease came from Petroleum and Petroleum Products (-35.34%).<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">KCS\u2019s total rail volumes were down (-13.35%)<\/span> <\/strong>with the largest decrease coming from Intermodal (-28.76%) and the largest increase coming from Motor Vehicles and Parts (+68.99%).<\/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><span style=\"text-decoration: underline;\"><strong>North American rig count was down by 9 rigs week-over-week. The U.S. rig count was down by -2 rigs week-over-week, and down by -42 rigs year-over-year.<\/strong>&nbsp;<\/span>The U.S. currently has 588 active rigs.&nbsp;<strong><span style=\"text-decoration: underline;\">Canada&#8217;s rig count was down -7 rigs week-over-week, but up by 21 rigs year-over-year<\/span><\/strong>. Canada&#8217;s overall rig count is 211 active rigs. Overall, year over year we are down -21 rigs collectively.<\/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=\"706\" height=\"143\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-35.png\" alt=\"\" class=\"wp-image-15353\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-35.png 706w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-35-300x61.png 300w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"778\" height=\"368\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-36.png\" alt=\"\" class=\"wp-image-15354\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-36.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-36-300x142.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-36-768x363.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/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><span style=\"text-decoration: underline;\"><strong>The four-week rolling average of petroleum carloads carried on the six largest North American railroads fell to 27,768 from 28,122, which was a loss of 354 rail cars week-over-week.<\/strong>&nbsp; <strong>Canadian volumes were mixed.<\/strong><\/span> CN\u2019s shipments fell by 1.0% week over week, CPKC\u2019s volumes were higher by 1.2% week-over-week. <span style=\"text-decoration: underline;\"><strong>U.S. shipments were mixed<\/strong><\/span>. The CSX had the largest percentage decrease and was down by -2.0%.&nbsp; The NS had the largest percentage increase and was up by +13.7%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching untapped energy north of the border which remains idle<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Remember when Keystone was axed on day 1 of Biden\u2019s presidency?<\/span><\/strong>\u00a0 Folks, one thing we don\u2019t understand and talk about every day here at PFL is why are we buying any crude oil from Venezuela, the Saudis or the Europeans buying crude and natural gas from Russia for that matter.\u00a0 <span style=\"text-decoration: underline;\"><strong>We must just look North of Montana to Calgary, Alberta, and Canada.\u00a0 That province much to the chagrin of their Federal Government would love to produce and sell any U.S. energy shortfall the U.S. has<\/strong><\/span> (not to leave out Saskatchewan right next door who would love to join the party too), and you don\u2019t need the U.S. Navy to patrol the Great Lakes either like we are currently doing in the middle east.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In 2022 there was an energy crisis with the invasion of Ukraine<\/span><\/strong> &#8211; global markets have calmed since, however, geopolitical tensions have worsened, there is war in Europe and the Middle East, and things in the U.S. are seemingly out of control. <strong><span style=\"text-decoration: underline;\">Forming a North American energy alliance with Alberta\/Saskatchewan as a tag-along is more important than ever.<\/span><\/strong>\u00a0 However, a sector-by-sector cap-and-trade system designed to meet Canada\u2019s Federal government&#8217;s 2030 ambitious greenhouse gas goals is threatening this increasingly important partnership.\u00a0\u00a0<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Even though the U.S. is the world\u2019s largest oil and gas producer, it increasingly relies on Canada to supply refineries<\/span><\/strong> with much-needed heavy crude oil and keep power flowing to households and industry. In fact, growth in Canadian imports is an important factor driving America\u2019s reduced reliance on OPEC countries, as it stands now <strong><span style=\"text-decoration: underline;\">Canada now accounts for 52% of U.S. petroleum imports<\/span>. <\/strong>Meanwhile, virtually all natural gas coming into the U.S. comes from Canada, and it is also America\u2019s primary supplier of electricity and important minerals such as uranium. In total, the two-way energy trade of oil, natural gas, electricity, and uranium reached a record total in 2023 of $156 billion USD. In total during 2023, the United States imported 8.51 million barrels per day (b\/d) of petroleum from 86 countries. Petroleum includes crude oil, hydrocarbon gas liquids (HGLs), refined petroleum products such as gasoline and diesel fuel, and biofuels. Crude oil imports of about 6.48 million b\/d accounted for about 76% of U.S. total gross petroleum imports.\u00a0 The canceled Keystone pipeline at 1 million (b\/d) would have reduced reliance on other countries by 15% overnight.\u00a0 Let&#8217;s\u2019 bring Keystone back, it is almost ready to go &#8211; it <strong><span style=\"text-decoration: underline;\">wouldn&#8217;t take much time!<\/span><\/strong><\/p>\n\n\n\n<p>Together, Canada and the U.S. have dominated global oil production growth in the past decade, creating an energy-secure North America while driving billions into innovation and technologies designed to lower emissions. Policy actions that limit production (something Justin may be contemplating) and export capacity could reverse this progress, leaving us and our allies more vulnerable. <span style=\"text-decoration: underline;\"><strong>We must instead leverage our deeply interconnected energy systems and rock-solid commercial relationships in support of a North American Energy Security framework that will deliver benefits for decades to come.<\/strong><\/span><\/p>\n\n\n\n<p>It is easier said than done, unfortunately,<span style=\"text-decoration: underline;\"> <strong>Canada\u2019s Prime Minister Justin is at war with Energy Companies in Canada and Canada has their own version of the Green New Deal &#8211; the underlying fundamentals of Canada\u2019s Green New Deal is more or less the same &#8211; solar, wind electric cars\u2026<\/strong><\/span>\u00a0 If it was truly green, it would be one thing except wind and solar are not as once thought a great source of green energy.\u00a0 Producing solar cells requires significant energy and the solar panels break down, and so do the inverters that run them, not to mention end-of-life disposal costs.\u00a0 Windmills don\u2019t make it to their full predicted life and come with many problems and affect wildlife.\u00a0 The path moving forward seems to be key innovation at the pump, increasing efficiency in our automobiles through technology.\u00a0 Electricity generation via cogeneration utilizing cheap clean-burning natural gas makes the most sense if you ask us.\u00a0 We should continue with the deployment of emissions-reducing technologies to power oil and gas operations (such as carbon capture and storage (CCS) &#8211; injecting carbon in depleted oil reservoirs for enhanced oil recovery, waste heat recovery systems, and small modular reactors).\u00a0 We just need a few tweaks to the system, not one that is going to create our own self-destruction<strong><span style=\"text-decoration: underline;\">.<\/span><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>We are Watching Microsoft and Constellation<\/em><\/strong><\/p>\n\n\n\n<p>In case you missed it \u2013 <strong><span style=\"text-decoration: underline;\">on Friday of last week Constellation issued in a press release that it signed its largest power purchase agreement ever, bringing back 3-mile island a deal that will restore TMI Unit 1 to service and keep it online for decades; add approximately 835 megawatts of carbon-free energy to the grid<\/span><\/strong>; create 3,400 direct and indirect jobs and deliver more than $3 billion in state and federal taxes.\u00a0 They say \u201cthe signing of a 20-year power purchase agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center (CCEC) and restart of Three Mile Island Unit 1, which operated at industry-leading levels of safety and reliability for decades before being shut down for economic reasons exactly five years ago today. Under the agreement, Microsoft will purchase energy from the renewed plant as part of its goal to help match the power its data centers in PJM use with carbon-free energy.\u201d<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">\u00a0&#8220;This agreement is a major milestone in Microsoft&#8217;s efforts to help decarbonize the grid in support of our commitment to become carbon-negative<\/span>.<\/strong> Microsoft continues to collaborate with energy providers to develop carbon-free energy sources to help meet the grids&#8217; capacity and reliability needs,&#8221; said Bobby Hollis, VP of Energy, Microsoft.\u00a0<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">A recent economic impact study commissioned by the Pennsylvania Building &amp; Construction Trades Council found that the new CCEC will create 3,400 direct and indirect jobs<\/span><\/strong> and add more than 800 megawatts of carbon-free electricity to the grid. The report, produced by The Brattle Group, also found that restarting the plant will add $16 billion to the state\u2019s GDP and generate more than $3 billion in state and federal taxes.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">To ensure that the local community fully participates in the economic benefits of restarting the facility, Constellation has committed an additional $1 million in philanthropic giving to the region over the next five years to support workforce development and other community needs<\/span>.<\/strong> The company had a strong relationship with Middletown and the surrounding communities over the 20 years that it operated the plant, with public safety as its No. 1 priority. Constellation is committed to making community outreach, engagement and dialogue cornerstones of its restart plan.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">\u201cPennsylvania\u2019s nuclear energy industry plays a critical role in providing safe, reliable, carbon-free electricity that helps reduce emissions and grow Pennsylvania\u2019s economy,\u201d said Governor Josh Shapiro.<\/span> <\/strong>\u201cUnder the careful watch of state and federal authorities, the Crane Clean Energy Center will safely utilize existing infrastructure to sustain and expand nuclear power in the Commonwealth while creating thousands of energy jobs and strengthening Pennsylvania\u2019s legacy as a national energy leader. My Administration will continue to work to cut energy costs and ensure the reliability of our energy grid so that Pennsylvanians can have access to affordable power made right here in Pennsylvania for years to come \u2013 and the Crane Clean Energy Center will help us achieve those goals.\u201d&nbsp;<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Whether or not Nuclear Energy is green and good for the environment is debatable \u2013 we still have a problem with spent nuclear waste, and end-of-life decommissioning creates an astronomical cost for the consumer. But, at least we are adding back some power to the grid.<\/strong><\/span> It worries us all the coal plants that are set to come offline. We don\u2019t want to be in a situation like Germany and hopefully, we can learn from their mistakes, which were many on every front.\u2013 Stay tuned to PFL<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Some Key Economic Indicators<\/em><\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-center\"><strong>Consumer Confidence<\/strong><\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>The Index of Consumer Sentiment from the University of Michigan increased from 68.7 in August to 69 in September.<\/strong><\/span><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcOQHWY0HJiHvlaWStaGvAM4xeuQIWUjr0BrBoScFCSCojFta9IF791nYDImdNqgVulNjcm4JK36l--G6AQIctrjojVDOCt264wDhK8Gzjq_VeDkuKSZtYrLAtaxrNz3EsPAND-ri1MJZ80V-_86HNjp8ci?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"774\" height=\"351\"><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Industrial Output &amp; Capacity Utilization<\/strong><\/h4>\n\n\n\n<p>In August 2024, <strong><span style=\"text-decoration: underline;\">U.S. industrial production rebounded with a 0.8% increase following a 0.9% decline in July<\/span>.<\/strong> This was largely driven by a recovery in motor vehicle production, which surged by 9.8%, recovering from a sharp drop the previous month. <strong><span style=\"text-decoration: underline;\">Manufacturing output also rose by 0.9%<\/span><\/strong>, marking a notable improvement over earlier months. Despite these gains, <strong><span style=\"text-decoration: underline;\">nondurable manufacturing saw a slight decline of 0.2%<\/span>.<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Capacity utilization in the industrial sector improved to 78%<\/span><\/strong>, up from 77.4% in July. <strong><span style=\"text-decoration: underline;\">For the manufacturing sector specifically, capacity utilization increased to 77.2%<\/span><\/strong>, recovering from July&#8217;s 76.6%. While these are positive signs, <strong><span style=\"text-decoration: underline;\">capacity utilization remains slightly below its long-term average<\/span>.<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfhnA-7vksTKe-KpkLWMy2xQfckuvpsMEtkfWGcVkaLuY87t9khQ_FpkoC9ilHt6kmc8blbONmSv-rgtqssBAp2ilnR37TyjPmRUeb69o897zffFUp14hviQS_CYfoKe_3n6rj30XAGyIoMMVYDuka49oku?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"774\" height=\"400\"><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Class 1 Industry Headcount<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Class I railroads employed 120,611 workers in the United States in August 2024<\/span><\/strong>, a -0.39% decrease from July 2024\u2019s count of 121,085 and a <strong><span style=\"text-decoration: underline;\">-1.78% year-over-year decrease<\/span><\/strong>, according to Surface Transportation Board data.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"375\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXd32vzGSwHNT8hbONOuPhK88S-gzo6VpmYItpzU2YFovAEyHAVdn5LnsKfLOpVQEBtX2YhAVybSfjOXszp9lhXUrc4VNvaKBIAFpEZDhCXQytX0ynSHsDlRTghYyANGV0rQ4FLnjZDHScKC_ZgRjy9rwo7u?key=uue5ak4QmTblqcBu1UxhgQ\"><\/h4>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXefZXLE1vBMfGp5nb3aIX4zqUvZqH5knqUzQA2TF-9Pfi4ybn3RFmzsNGn5fRr94K56A1vNUGp4-cyuKC6R_VzJ_p3k5lUP2VBbIohITmhpLJ80g3vbcuFjWJVuNHSRSdydKqBJi5rn4jv4yGonyeE4n4ik?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"707\" height=\"378\"><\/p>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcleLCLch4DPeE6p4aYolGpZTpjAjn9_6ZTnpzCVPFmtCDe3txGwD1gRkWXcHZGqX3MjBkpuaDY8paxqSwSvdgIHSZa8IwO85OY5nYrT8uzN8kvSwK-QeIA5alkLjewTup8KMqzH9xDWLsSzCpiiuTk_Uuq?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"706\" height=\"376\"><\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Three of the six employment categories posted month-over-month increases between July and August<\/span><\/strong>. They were \u2013 executives, officials, and staff assistants, up +0.33% to 7,902 workers; transportation (other than train and engine), up -0.28% to 5,029; and maintenance of way and structures, down -0.43% to 28,985.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Categories that posted month-over-month decreases were transportation<\/span><\/strong> (train and engine), -0.31% to 51,845 employees; <strong><span style=\"text-decoration: underline;\">maintenance of equipment and stores<\/span><\/strong>, -0.54% to 17,082; and <strong><span style=\"text-decoration: underline;\">professional and administrative<\/span><\/strong>, -1.11% to 9,768.<\/p>\n\n\n\n<p>Year over year, <strong><span style=\"text-decoration: underline;\">only one category posted an employment gain<\/span><\/strong>, which was <strong><span style=\"text-decoration: underline;\">transportation<\/span><\/strong> (other than train and engine) at +3.07%.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Categories that registered year-over-year decreases<\/span><\/strong> in August were <strong><span style=\"text-decoration: underline;\">maintenance of equipment and stores<\/span><\/strong>, -6.44%; professional and administrative, -5.41%; <strong><span style=\"text-decoration: underline;\">executives, officials, and staff assistants<\/span><\/strong>, -4.01%; <span style=\"text-decoration: underline;\"><strong>maintenance of way and structures<\/strong>,<\/span> -0.03%; and <strong><span style=\"text-decoration: underline;\">transportation (train and engine)<\/span><\/strong>, -0.49%.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-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>10, 2500CF Open Top Hoppers needed off of UP or BN in Texas for 5 years. Cars are needed for use in aggregate service. Need Rapid Discharge Doors<\/li>\n\n\n\n<li>50, 23.5-25.5 DOT111 Tank s needed off of Any Class 1 in USA for 5 years. Cars are needed for use in Asphalt service.<\/li>\n\n\n\n<li>25, 3230 PD Hoppers needed off of NS or CSX in Ohio for 5 years. Cars are needed for use in Flyash service.<\/li>\n\n\n\n<li>50, 28.3K DOT 111 Tanks needed off of Any Class 1 in any location for 3-7 Years. Cars are needed for use in Base Oils service.<\/li>\n\n\n\n<li>20, 25.5k CPC 1232 Tanks needed off of UP or BN in OK, TX for 3 Year. Cars are needed for use in Asphalt service.<\/li>\n\n\n\n<li>10, 30K 117R or 117J Tanks needed off of Any Class 1 in USA for 1 year. Cars are needed for use in Glycerin service.<\/li>\n\n\n\n<li>15-20, 29K 117R Tanks needed off of NS or CSX in Ohio for 6-12 Months. Cars are needed for use in Ply Oil service.<\/li>\n\n\n\n<li>100, 5200 Covered Hoppers needed off of UP or BN in Northwest for 6 month. Cars are needed for use in Pet Coke service. Roud Hatch, Bottom Outlet Doors<\/li>\n\n\n\n<li>10, 5250 Covered Hoppers needed off of UP or BN in Midwest for up to 5 years. Cars are needed for use in Dry Edible Beans service.<\/li>\n\n\n\n<li>30-50, 23.5K Any Type Tanks needed off of any class 1 in any location for 1-5Years. Cars are needed for use in Glycols service.<\/li>\n\n\n\n<li>30, 4750-5200 Covered Hoppers needed off of BN or UP in Lake Charles, LA for 5 Years. Cars are needed for use in Pet Coke service.<\/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>100-150, 3400CF Covered Hoppers needed off of UP BN in Texas. Cars are needed for use in Cement service. Cement Gates needed.<\/li>\n\n\n\n<li>20, 17K DOT111 Tanks needed off of various class 1s in various locations. Cars are needed for use in corn syrup service.<\/li>\n\n\n\n<li>4, 25.5K DOT 111 Tanks needed off of any class 1 in Texas.<\/li>\n\n\n\n<li>10, 30K DOT 111 Tanks needed off of any class 1 in Texas. Cars are needed for use in UCO service.<\/li>\n\n\n\n<li>10, 5600CF PD Hoppers needed off of any class 1 in Texas.<\/li>\n\n\n\n<li>50, 4750CF Covered Hoppers needed off of any class 1 in Texas. Cars are needed for use in Grain service.<\/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>50, 5400, Covered Hoppers located off of NS, IORY in MI. Cars were last used in bean meal. 1 year+<\/li>\n\n\n\n<li>45, 33K, 340W Pressure Tanks located off of All Class Ones in North America. Cars were last used in Propane\/Butane. Free move on CN or CP<\/li>\n\n\n\n<li>50, 30K, DOT 117J Tanks located off of BN in Texas. Cars were last used in Ethanol. 1-2 Year Term.<\/li>\n\n\n\n<li>90, 25.5K, DOT 111 Tanks located off of UP in Texas. Cars were last used in Fuel OIl. 2-3 Year Term<\/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>24, 5300CF, Plate C Boxcars located off of NS or CSX in Southeast.<\/li>\n\n\n\n<li>100-300, 3400, Covered Hoppers located off of various class 1s in multiple locations. Sand Cars<\/li>\n\n\n\n<li>150, 28.3K, DOT117J Tanks located off of various class 1s in multiple locations. Will take 90K<\/li>\n\n\n\n<li>300, 31.8K, CPC 1232 Tanks located off of BN in Texas.<\/li>\n\n\n\n<li>7, 30K, DOT-111 Tanks located off of UP in CA and TX.<\/li>\n<\/ul>\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<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\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">PFL will be at the Following Conferences<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Stampede-2026.jpg\" alt=\"Stampede\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Calgary<\/li>\r\n\t\t<li>Attending: David Cohen (954-729-4774), Curtis Chandler(239-405-3365), Cyndi Popov (403-402-5043)   <\/li>\r\n\t<\/ul>\r\n<\/font>\r\n\r\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Mars-Lake-Geneva-2026.jpg\" alt=\"swars\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Grand Geneva Resor<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.mwrailshippers.com\/event\/2026-summer-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/li>\r\n\t<\/ul>\r\n<\/font>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cOne fails forward toward success.\u201d &#8211; Charles Kettering Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed higher, on Friday of last week up 38.17 points (0.09%), closing out the week at 42,063.36, up 669.59 points week-over-week. The S&amp;P 500 closed lower on Friday of last [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-15334","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 September 22, 2024<\/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-9-23-2024\/\" \/>\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=\"18 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-9-23-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-9-23-2024\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"PFL Railcar Report 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