{"id":15396,"date":"2024-09-29T14:51:31","date_gmt":"2024-09-29T18:51:31","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=15396"},"modified":"2024-10-30T10:44:04","modified_gmt":"2024-10-30T14:44:04","slug":"pfl-railcar-report-9-30-2024","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-9-30-2024\/","title":{"rendered":"PFL Railcar Report 9-30-2024"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong>\u201cFor success, attitude is equally as important as ability.\u201d &#8211; Walter Scott<\/strong><span id=\"docs-internal-guid-19d38dff-7fff-8fcf-241e-bfb861f27971\"><\/span><\/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 21st came in at 218,000,<\/span><\/strong> down -4,000 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=\"778\" height=\"403\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-37.png\" alt=\"\" class=\"wp-image-15397\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-37.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-37-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-37-768x398.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/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 1.834 million people,<\/span><\/strong> versus the adjusted number of 1.821 million people from the week prior, up 13,000 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=\"778\" height=\"449\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-38.png\" alt=\"\" class=\"wp-image-15398\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-38.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-38-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-38-768x443.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/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 137.89 points (0.33%) , closing out the week at 42,313<\/span>,<\/strong> up 249.64 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed lower on Friday of last week, down -7.2 points and closed out the week at 5,738.17<\/span>,<\/strong> up 35.62 points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed lower on Friday of last week, down -70.7 points (-0.39%) and closed out the week at 18,119.59<\/span>,<\/strong> up 171.27 points week over week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In overnight trading, DOW futures traded lower and are expected to open at 42,628 this morning down 28 points.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Crude oil closed higher on Friday of last week, but down week over week.<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">West Texas Intermediate (WTI) crude closed up $0.51 per barrel (0.75%) to close at $68.18 per barrel<\/span><\/strong> on Friday of last week, down $3.74 per barrel week over week. <strong><span style=\"text-decoration: underline;\">Brent traded up $0.38 USD per barrel (0.53%) on Friday of last week, to close at $71.98 per barrel<\/span>,<\/strong>&nbsp; down $-2.51 per barrel week-over-week.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><a href=\"https:\/\/www.oneexchangecorp.com\/\"><strong>One Exchange WCS<\/strong><\/a><strong> <span style=\"text-decoration: underline;\">(Western Canadian Select) for November delivery settled Friday on last week at US$13.30 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average). The implied value was US$ 53.79 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 4.5 million barrels week-over-week<\/span><\/strong>. At 413.0 million barrels, <strong><span style=\"text-decoration: underline;\">U.S. crude oil inventories are 5% 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=\"345\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-39.png\" alt=\"\" class=\"wp-image-15399\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-39.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-39-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-39-768x341.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 decreased by 1.5 million barrels week-over-week<\/span><\/strong> and are 1% 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=\"346\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-40.png\" alt=\"\" class=\"wp-image-15400\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-40.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-40-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-40-768x342.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories decreased by 2.2 million 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=\"346\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-41.png\" alt=\"\" class=\"wp-image-15401\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-41.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-41-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-41-768x342.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 decreased by 1.5 million barrels week-over-week<\/span><\/strong> and are 9% 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=\"777\" height=\"345\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-42.png\" alt=\"\" class=\"wp-image-15402\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-42.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-42-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-42-768x341.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 66 cents per gallon on Friday of last week<\/span><\/strong>, up 2 cents per gallon week-over-week and down 6 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=\"778\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-43.png\" alt=\"\" class=\"wp-image-15403\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-43.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-43-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-43-768x340.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Overall, total commercial petroleum inventories decreased by 14.6 million barrels<\/span><\/strong> during the week ending September 20, 2024.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.5 million barrels per day<\/span> <\/strong>during the week ending September 20, 2024<strong>, <span style=\"text-decoration: underline;\">an increase of 135,000 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>, 9.5% 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;\">averaged 746,000 barrels per day, and distillate fuel imports averaged 102,000 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 is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"342\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-45.png\" alt=\"\" class=\"wp-image-15405\" style=\"width:777px;height:auto\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-45.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-45-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-45-768x338.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 3.897 million barrels per day<\/span><\/strong> for the week ending September 20th, 2024, a decrease of -692,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.887 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=\"777\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-46.png\" alt=\"\" class=\"wp-image-15407\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-46.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-46-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-46-768x340.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 refinery inputs averaged 16.4 million barrels per day<\/span><\/strong> during the week ending September 20, 2024, which was 124,000 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=\"777\" height=\"340\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-47.png\" alt=\"\" class=\"wp-image-15408\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-47.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-47-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-47-768x336.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p>WTI is poised to open at 68.15, up 3 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 25th, 2024.<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were up (+4.87%) in week 39,<\/span> <\/strong>compared with the same week last year. Total carloads for the week ending on September 25th were 353,603, down (-0.93%) compared with the same week in 2023, while weekly intermodal volume was 359,156, up (+11.29%) compared to the same week in 2023. 7 of the AAR\u2019s 11 major traffic categories posted year-over-year increases. The most significant decrease came from Metallic Ores and Metals, which was down (-13.31%). The most significant increase came from Grain which was up (+11.97%).<\/p>\n\n\n\n<p>In the East,<strong> <span style=\"text-decoration: underline;\">CSX\u2019s total volumes were up (+1.65%)<\/span>, <\/strong>with the largest decrease coming from Metallic ores and Metals (-10.87%) while the largest increase came from Grain (+25.73%).<strong> <span style=\"text-decoration: underline;\">NS\u2019s volumes were up (+11.2%)<\/span>, <\/strong>with the largest increase coming from Other (+25.09%), while the largest decrease came from Farm Products (-0.8%).<\/p>\n\n\n\n<p>In the West, <strong><span style=\"text-decoration: underline;\">BN\u2019s total volumes were up (+6.95%)<\/span>, <\/strong>with the largest increase coming from Grain (+19.76%) while the largest decrease came from Metallic Ores and Minerals, down (-22.98%).<strong> <span style=\"text-decoration: underline;\">UP\u2019s total rail volumes were up (+6.62%)<\/span> <\/strong>with the largest decrease coming from Nonmetallic Minerals, down (-19.69%), while the largest increase came from Intermodal, which was up (+19.63%).<\/p>\n\n\n\n<p>In Canada,<strong> <span style=\"text-decoration: underline;\">CN\u2019s total rail volumes were down (-10.81%)<\/span> <\/strong>with the largest decrease coming from Coal, down (-36.61%) while the largest increase came from Nonmetallic Minerals, up (+14.64%).<strong> <span style=\"text-decoration: underline;\">CP\u2019s total rail volumes were down (-2.85%)<\/span> <\/strong>with the largest increase coming from Other (+58.33%), while the largest decrease came from Metallic Ores and Metals (-44.33%).<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">KCS\u2019s total rail volumes were down (-4.24%)<\/span> <\/strong>with the largest decrease coming from Intermodal (-17.56%) and the largest increase coming from Farm Products (+61.93%).<\/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><span style=\"text-decoration: underline;\">North American rig count was up by 6 rigs week-over-week. The U.S. rig count was down by -1 rigs week-over-week, and down by -36 rigs year-over-year<\/span><\/strong>. The U.S. currently has 587 active rigs. <strong><span style=\"text-decoration: underline;\">Canada&#8217;s rig count was up 7 rigs week-over-week and up by 27 rigs year-over-year<\/span><\/strong> and Canada&#8217;s overall rig count is 218 active rigs. Overall, year over year we are down -9 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=\"708\" height=\"143\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-48.png\" alt=\"\" class=\"wp-image-15411\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-48.png 708w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-48-300x61.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"369\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-49.png\" alt=\"\" class=\"wp-image-15412\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-49.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-49-300x142.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/09\/image-49-768x365.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/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 East Coast ports as longshoremen prepare to strike<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Thousands of longshoremen at ports from New England to Texas are set to strike early Tuesday in the first walkout of its kind in almost half a century<\/span>,<\/strong> freezing commercial shipping on a massive scale and disrupting the national economy weeks before the presidential election.<\/p>\n\n\n\n<p>A strike would be the biggest disruption to the flow of goods in and out of the country since the height of the pandemic. Even a short-lived work stoppage would snarl shipping and create havoc in supply chains for weeks. Cargo ranging from cars to electronics, from food to furniture, would be stuck on ships offshore. <strong><span style=\"text-decoration: underline;\">Each day a strike lasts could cost the U.S. economy up to $1 billion, according to analysts.<\/span><\/strong>&nbsp; The <strong><span style=\"text-decoration: underline;\">current labor contract expires Monday night, freeing the union to strike Tuesday as early as 12:01 a.m.<\/span><\/strong> as it presses for substantial raises and stronger guarantees that automated systems will not be used to replace workers.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">During the strike, the East Coast union said it would continue to move military cargo and handle cruise ships<\/span>,<\/strong> to not affect people\u2019s vacations. Ships carrying oil and gas are served by dedicated facilities with crews who would not be on strike; gasoline and fuel oil prices are not expected to be affected.&nbsp; <strong><span style=\"text-decoration: underline;\">A disruption to rail could be significant.&nbsp; Stay tuned to PFL we are watching this one closely.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching industry conferences<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Folks, PFL had a table and attended the NEARS Rail Conference last week in Pittsburgh<\/span>. <\/strong>\u00a0It was a great conference but was cut short by some due to travel disruptions due to Hurricane Helene.\u00a0 Jacque Bendon, SVP at the UP, highlighted the war on Coal that we all knew was going on, however, the rail traffic slow down as a result is even deeper than we thought.\u00a0 The UP now ships only 10 unit trains of coal per day from 50 unit trains per day.\u00a0 With coal unit trains averaging 130 rail cars, that is a decrease of 5,200 loaded cars per day.\u00a0 Despite the decrease in coal across the country&#8217;s entire network,\u00a0 rail traffic has resiliently been higher with grain shipments and intermodal filling in part of that gap.\u00a0 Other speakers included Jason Trompeter (AVP of Market Research from the NS), Colby Tanner (VP of Industrial Products at the BN), and Michael Miller (President at Genesee &amp; Wyoming).\u00a0\u00a0<\/p>\n\n\n\n<p>This week, <strong><span style=\"text-decoration: underline;\">PFL will be attending SWARS in Houston<\/span><\/strong> and is the APP Sponsor of the event &#8211; we will also have a table so please stop by and see us.\u00a0 <strong><span style=\"text-decoration: underline;\">Next, we will be at the well-attended tank car committee meeting in Dallas.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We were watching Hurricane Helene<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">What a devastating Hurricane&nbsp; Helene turned out to be<\/span>.&nbsp; <\/strong>The storm made landfall in Florida&#8217;s Big Bend region as a Category 4 storm on Thursday of last week at 11:10 p.m. Emergency services were rescuing people trapped by fast-rising waters.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">More than 3.8 million customers were without power as of Saturday of last week across Florida<\/span>, <\/strong>Georgia, South Carolina, North Carolina, Tennessee, Virginia, West Virginia, Kentucky, Ohio, and Illinois and some of those outages could last for weeks.\u00a0 <\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Current Power Outages Hurricane Helene<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfDnh1_rkaxEQMUr_ipQ_sViWwQ7SOtTeT3ch3hL-qwlD66Plwqk97_20w73bQ9_tJhVO5La_V_2VlBDVMROZTix2MQ6ULqaWi3Dx7sP0C9Pt-95W6bS7tnJZgIiOvsORImjOwKDXvhT1cqQuKrPUqW77M?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"743\" height=\"614\"><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Source: Power outages USA &#8211; PFL Analytics<\/strong><\/p>\n\n\n\n<p>As of Sunday evening, at least 95 people have lost their lives to the storm and that number is rising as over 600 people are confirmed missing.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Roughly 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in<\/span><\/strong> in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Friday of last week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Oil and natural gas production losses fell, peaking at a loss of production at 511,000 barrels on Wednesday of last week.<\/span>&nbsp; <\/strong>Energy producers had shut in 427,000 barrels per day of oil production and nearly 343 million cubic feet of natural gas from Gulf waters, the bureau said.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Nine oil and gas platforms were evacuated as of Friday of last week<\/span>, <\/strong>roughly 2.4% of the Gulf of Mexico total, the offshore regulator said, citing reports from producers.<\/p>\n\n\n\n<p>The U.S. Gulf of Mexico accounts for 15% of all domestic oil production and 2% of natural gas output, federal data showed.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Production is expected to be returned soon due to fast moving nature of the storm that limited damage.<\/span><\/strong><\/p>\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 rose to 28,487 from 27,768, which was a gain of 719 rail cars week-over-week.<\/strong>&nbsp; <strong>Canadian volumes were mixed<\/strong><\/span><strong>.<\/strong> CPKC\u2019s shipments fell by 1.0% week over week, CN\u2019s volumes were higher by 5.8% week-over-week. <strong><span style=\"text-decoration: underline;\">U.S. shipments were mostly higher<\/span><\/strong>. The CSX was the sole decliner and was down 7.8%.&nbsp; The NS had the largest percentage increase and was up by +5%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Crude by Rail out of Canada<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Crude by rail out of Canada decreased month over month<\/span>. <\/strong>The Canadian Energy regulator reported on September 24th, 2024, that 83,201 barrels were exported during the month of July 2024 from 89,204 barrels in June of 2024 a decrease of 6,003 barrels per day month over month.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdnTIB37qO_qC5aL4B_6NLgCZ5Aor0nN7Zz65B_FpOXyXokWB-w58hE0pTpRQreuv_jpEIhn5A-z3gQNgdTqyyYW2uQYrvin4upHOH9oJbtP8S4eC13hP-q1vNTrkMX6wgpF5ba691uqR922tWKcTa-2YA?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"774\" height=\"441\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We continue to watch 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><strong><span style=\"text-decoration: underline;\">Not surprisingly<\/span>, <\/strong>the Conference Board\u2019s Index of Consumer Confidence<strong> <span style=\"text-decoration: underline;\">decreased to 98.7 in September from an upwardly revised 105.6 in August.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf1RewDKLBKA4TPkR5zMkb5kPJc9h_I5tQ-JZJ27NSf3c4BVxDsvE-OdwXjkj3gNfSRr7W39l45L-C-G2Tf3LPZ2TZyjbapRYBo3D9NzjbMoHMpD-mtqUMXllayoIADbdA8ZykC6JPEUYH7wXo3wsj9VqiN?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"774\" height=\"353\"><\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-center\"><strong>Consumer Spending<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In August 2024, inflation-adjusted consumer spending increased by 0.1%<\/span><\/strong> over July, with a 0.2% rise in spending on services. Goods spending saw only a slight uptick of less than 0.1%. This marked a slowdown from the stronger 0.5% growth in July. The primary drivers of service spending increases were housing and financial services, while new motor vehicle purchases contributed to a decrease in goods spending. Year-over-year, consumer spending was up 2.2%, with services prices increasing 3.7%<\/p>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfYGrWBK78ZJFh-z1rUAREf-LGxbK3-SloOUlTpUHiQ0VMCrTPLSeoT3H6ohZoaZfPzzJTYgxSKS4bTpKsp5T7qz8AMNNm59tSVnS5KLITb18-ELO6Om5u9uz8Jw66Ld0gpzx9QagRrKfXkrQt8AuQ9j58W?key=uue5ak4QmTblqcBu1UxhgQ\" width=\"774\" height=\"445\"><\/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>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\n\n\n<li>50, 28.3K, 117R Tanks located off of All Class 1s in St. Louis. Cars are clean 1 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>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<\/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>\u201cFor success, attitude is equally as important as ability.\u201d &#8211; Walter Scott 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 137.89 points (0.33%) , closing out the week at 42,313, up 249.64 points week-over-week. The S&amp;P 500 closed [&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-15396","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 29, 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-9-30-2024\/\" \/>\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=\"15 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-9-30-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-9-30-2024\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"PFL Railcar Report 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