{"id":17751,"date":"2025-07-13T18:11:07","date_gmt":"2025-07-13T22:11:07","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=17751"},"modified":"2025-07-14T07:43:55","modified_gmt":"2025-07-14T11:43:55","slug":"pfl-railcar-report-7-14-2025","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/","title":{"rendered":"PFL Railcar Report 7-14-2025"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong>\u201cWe aim above the mark to hit the mark.\u201d &#8211; Ralph Waldo Emerson<\/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 July 5 came in at 227,000<\/span><\/strong>, down 5,000 people week over week 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\/2025\/07\/image-20.png\" alt=\"\" class=\"wp-image-17753\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-20.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-20-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-20-768x398.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 1.965 million people<\/span><\/strong>, versus the adjusted number of 1.955 million people from the week prior, up 10,000 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=\"448\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-21.png\" alt=\"\" class=\"wp-image-17754\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-21.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-21-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-21-768x442.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 lower on Friday of last week and lower week-over-week<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The DOW closed lower on Friday of last week, down -279.13 points (0.63%), closing out the week at 44,371.51<\/span>,<\/strong> down -457.02 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed lower on Friday of last week, down 20.71 points, and closed out the week at 6,259.75<\/span>,<\/strong> down -19.6<strong> <\/strong>points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed lower on Friday of last week, down -45.14 points, and closed out the week at 20,585.53<\/span>, <\/strong>down -15.57 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 44,464 this morning down 135 points from Friday\u2019s close.<\/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 and higher week-over-week.<\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">West Texas Intermediate (WTI) crude closed up $1.88 per barrel (2.8%), to close at $68.45 per barrel<\/span><\/strong> on Friday of last week, and up $1.45 per barrel week-over-week. <strong><span style=\"text-decoration: underline;\">Brent crude closed up $1.72 USD per barrel (2.5%) on Friday of last week, to close at $70.36 per barrel<\/span>,<\/strong> up $1.56 cents 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 August delivery settled on Friday of last week at US$9.95 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average).<\/span> <\/strong>The implied value was US$55.05 per barrel.<\/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;\">increased by 7.1 million barrels<\/span><\/strong> week-over-week. At 426 million barrels, <strong><span style=\"text-decoration: underline;\">U.S. crude oil inventories are 8% below the five-year average for this time of year.<\/span><\/strong><br><\/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\/2025\/07\/image-22.png\" alt=\"\" class=\"wp-image-17755\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-22.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-22-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-22-768x340.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Total motor gasoline inventories decreased by 2.7 million barrels<\/span><\/strong> week-over-week 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\/2025\/07\/image-24.png\" alt=\"\" class=\"wp-image-17757\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-24.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-24-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-24-768x342.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories decreased by 800,000 barrels<\/span><\/strong> week-over-week and are 23% 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=\"348\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-25.png\" alt=\"\" class=\"wp-image-17758\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-25.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-25-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-25-768x344.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane\/propylene inventories increased by 2.7 million barrels<\/span><\/strong> week-over-week and are 12% 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=\"778\" height=\"347\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-27.png\" alt=\"\" class=\"wp-image-17760\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-27.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-27-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-27-768x343.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 71 cents per gallon on Friday of last week, down 3 cents per gallon<\/span><\/strong> week-over-week, and down 13 cents year-over-year.<br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"343\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-29.png\" alt=\"\" class=\"wp-image-17762\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-29.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-29-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-29-768x339.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Overall, total commercial petroleum inventories increased by 6.4 million barrels<\/span> <\/strong>during the week ending July 4, 2025.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6 million barrels per day<\/span> <\/strong>during the week ending July 4, 2025<strong>, <span style=\"text-decoration: underline;\">a decrease of 906,000 barrels per day<\/span><\/strong> week-over-week. Over the past four weeks, <strong><span style=\"text-decoration: underline;\">crude oil imports averaged 6.1 million barrels per day<\/span><\/strong>, 9.6% 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 832,000 barrels per day, and distillate fuel imports averaged 42,000 barrels per day<\/span> <\/strong>during the week ending June 27, 2025.<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"776\" height=\"342\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-30.png\" alt=\"\" class=\"wp-image-17763\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-30.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-30-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-30-768x338.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil exports averaged 2.757 million barrels per day<\/span><\/strong> during the week ending July 4, 2025, a decrease of 1.548 million barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.923 million barrels per day.<br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"779\" height=\"344\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-32.png\" alt=\"\" class=\"wp-image-17765\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-32.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-32-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-32-768x339.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 17 million barrels per day<\/span><\/strong> during the week ending July 4, 2025, which was 98,000 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=\"340\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-33.png\" alt=\"\" class=\"wp-image-17766\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-33.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-33-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-33-768x336.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\"><strong>WTI is poised to open at $71.40, up $1.04 per barrel from Friday&#8217;s close.<\/strong><\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><span style=\"text-decoration: underline;\">North American Rail Traffic<\/span><\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-center\"><strong>Week Ending July 9, 2025:<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were down (-0.05%) in week 28<\/span><\/strong>, compared with the same week last year. Total carloads for the week ending on July 9 were 298,370, down (0.99%) compared with the same week in 2024, while weekly intermodal volume was 295,926, up (0.91%) compared to the same week in 2024.&nbsp;<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">6 of the AAR\u2019s 11 major traffic categories posted year-over-year increases<\/span><\/strong>. The largest decrease came from Forest Products, which was down (-16.04%), while the largest increase was from Grain, which was up (+13.68%).<\/p>\n\n\n\n<p>In the East,<strong> <span style=\"text-decoration: underline;\">CSX\u2019s total volumes were down&nbsp; (-1.12%),<\/span> <\/strong>with the largest decrease coming from Grain (-17.73%), while the largest increase came from Nonmetallic Minerals (+6.34%). <strong><span style=\"text-decoration: underline;\">NS\u2019s volumes were down (-0.68%)<\/span>, <\/strong>with the largest increase coming from Petroleum and Petroleum Products (+45.05%), while the largest decrease came from Coal (-14.18%).<\/p>\n\n\n\n<p>In the West, <strong><span style=\"text-decoration: underline;\">BN\u2019s total volumes were up (3.3%)<\/span>, <\/strong>with the largest increase coming from Coal (+16.76%), while the largest decrease came from Chemicals (-8.11%). <strong><span style=\"text-decoration: underline;\">UP\u2019s total rail volumes were up (+6.54%)<\/span>, <\/strong>with the largest increase coming from Coal (+21.69%), while the largest decrease came from Motor Vehicles and Parts (-7.02%).<\/p>\n\n\n\n<p class=\"has-text-align-left\">In Canada,<strong> <span style=\"text-decoration: underline;\">CN\u2019s total rail volumes were down (-10.58%)<\/span> <\/strong>with the largest increase coming from Other (+23.58%) while the largest decrease came from Metallic Ores and Metals (-24.36%).<strong> <span style=\"text-decoration: underline;\">CPKCS\u2019s rail volumes were down (-20.76%)<\/span>,<\/strong> with the largest increase coming from Motor Vehicles and Parts (+26.14%), while the largest decrease came from Forest Products (-68.75%).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><\/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 9 rigs week-over-week. U.S. rig count was down -2 rigs week over week and down by -47 rigs year-over-year<\/span><\/strong>. The U.S. currently has 537 active rigs. <span style=\"text-decoration: underline;\"><strong>Canada&#8217;s rig count was up 11 rigs week-over-week, but down by -27 rigs year-over-year<\/strong>.<\/span> Canada currently has 162 active rigs. Overall, year-over-year, we are down by -74 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=\"122\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-34.png\" alt=\"\" class=\"wp-image-17774\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-34.png 708w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-34-300x52.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=\"368\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-35.png\" alt=\"\" class=\"wp-image-17775\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-35.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-35-300x142.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/07\/image-35-768x364.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><span style=\"text-decoration: underline;\">We are watching a few things out there for you:<\/span><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>PFL was at the Calgary Stampede in Canada last week<\/em><\/strong><\/h4>\n\n\n\n<p>The Calgary Stampede might be known for rodeos, midway rides, and pancake breakfasts, but if you\u2019ve been there during Stampede week, you know it\u2019s also a serious hotspot for business.\u00a0 In fact, at PFL, we would call it one of the largest rail conferences (if we can call it that) in the industry.\u00a0 All the leasing companies were there, class 1\u2019s, short lines, rail shippers, petrochemical companies, the list goes on. What started back in 1912 as a frontier fair has grown into <em>The Greatest Outdoor Show on Earth<\/em> \u2014 and one of the most high-impact networking weeks in Western Canada.<\/p>\n\n\n\n<p>This year, Curtis Chandler, President of PFL, and David Cohen, VP of Operations of PFL, attended the weeklong event to join the fun and spend time with our Canadian crew in Calgary. <strong><span style=\"text-decoration: underline;\">PFL made the rounds at receptions, leadership events, and meetups hosted by some of the biggest players in rail, energy, agriculture, and logistics, while sticking in as many one-on-one meetings, breakfasts, and lunches as possible in-between planned events<\/span><\/strong>. With so many customers, partners, and decision-makers in one place, it made every hour count.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">One Exchange, a company which Curtis Chandler is a founding partner of, hosted an event where PFL customers are always welcome.<\/span><\/strong>\u00a0 There was a great turnout this year, with over 500 people attending through the hours of 3:30 PM and 2:00 AM on Monday of last week. <strong><span style=\"text-decoration: underline;\">Curtis, having deep roots in trading and infrastructure in his former home of Alberta, invited his friend, the Premier of Alberta,<\/span><\/strong> who accepted the invitation. <strong><span style=\"text-decoration: underline;\">See picture below of David, Curtis, and the Alberta Premier, Danielle Smith at the One Exchange Party:<\/span><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><span style=\"text-decoration: underline;\">Curtis Chandler, Alberta Premier Danielle Smith, and David Cohen<\/span><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdKco6szFZuannJfZNf9hOtXly6xt0-qww3gJnjEOxbTlulg8RmCMLQNJytUHe6_9ryVPZUy1vI51ewmuD1i5T4AjP7q8YPiUwHWoNWIvGcmatvrRnDHfg3ZfSbTyZG7Rqk3rgO?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\" style=\"width:336px;height:auto\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Source:&nbsp; PFL Analytics<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">A big thanks to everyone who made time for us in Calgary, traveled to Calgary to meet with us, and attended the OX party<\/span><\/strong>. We learned a lot while in Calgary, did some deals and worked on new ones because of the event.&nbsp; For more information on what is going on up in Canada, please call PFL today<strong>.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>PFL was at the MARS last week<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Brian Baker, Vice President of Rail Services, attended this year\u2019s summer MARS conference<\/span><\/strong> in Lake Geneva, WI, last week, and it was, as usual, a great event. There were over 650 people in attendance, and it was a great networking opportunity..\u00a0 There were over 650 people in attendance, and it was a great networking event. With over 650 people in attendance, it was an excellent opportunity to meet with colleagues across the industry. The golf outing was a standout as well \u2014 not only a fun way to kick things off, but also a valuable setting to build relationships in a more relaxed environment.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">We also appreciated the Economic Update from Dr. Walter Kemmsies, Trade, Logistics &amp; Infrastructure Strategist at The Kemmsies Group<\/span>,<\/strong> which provided meaningful insights into broader market conditions and global economic factors impacting rail. From the conversations and sessions throughout the event, it\u2019s clear the rail industry remains strong, but there\u2019s also agreement that there\u2019s still plenty of room for improvement across the board to make things more efficient and shipper-friendly.\u00a0 For more information on MARS, give Brian a call at the desk.<\/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 fell to 27,840 from 28,326, which was a decrease of -486 rail cars week-over-week.<\/strong>\u00a0 <strong>Canadian volumes were mixed<\/strong><\/span><strong>.<\/strong> CN\u2019s shipments were higher by +3.0% week over week, CKPC\u2019s volumes were lower by -16.0% week-over-week. <strong><span style=\"text-decoration: underline;\">U.S. shipments were also mixed.<\/span><\/strong> \u00a0 The NS had the largest percentage increase and was up by +5.0%. The CSX had the largest percentage decrease and was down by -13%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>\u00a0\u00a0We are watching Trump as Trump Tariffs Target Allies Again<\/em><\/strong><\/h4>\n\n\n\n<p>In the latest and greatest, <strong><span style=\"text-decoration: underline;\">President Trump announced on Thursday of last week, a 35% tariff on most Canadian imports starting August 1<\/span><\/strong>. The increase (up from 25%) is aimed at pushing the Canadian government to take stronger action against fentanyl trafficking, which Trump says is entering the U.S. from Canada with little resistance.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Goods covered under the USMCA, along with energy and fertilizer, are exempt<\/strong>.<\/span> Everything else\u2014from aluminum to consumer goods &#8211; will be hit unless Canada steps up enforcement and makes meaningful trade concessions. In a direct letter to Prime Minister Mark Carney, Trump made it clear: <strong><span style=\"text-decoration: underline;\">talk is cheap. Results matter.<\/span><\/strong><\/p>\n\n\n\n<p><strong>What It Means for Rail:<\/strong><\/p>\n\n\n\n<p>Canada is the top foreign trading partner by rail. <span style=\"text-decoration: underline;\"><strong>More than $30 billion in freight moves by rail between the U.S. and Canada annually, with key corridors running through Detroit, Chicago, Buffalo, and the Pacific Northwest<\/strong>.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">July Shipping Surge<\/span><br><\/strong>Importers will likely front-load orders into the U.S. ahead of the August 1 deadline; however, we are already halfway through July as it is. <span style=\"text-decoration: underline;\"><strong>Cross-border rail volumes could spike temporarily &#8211; particularly in intermodal, auto parts, and bulk commodities<\/strong>.<\/span><\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">Cross-Border Slowdown to Follow<\/span><br><\/strong>If and when tariffs hit (that is the loaded question in this ever-changing landscape), expect a drop in affected Canadian-origin freight. Unless exemptions expand, these lanes may soften through the fall.<\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">U.S. Manufacturing and Agriculture Benefit<\/span><br><\/strong>Higher costs on Canadian goods mean more opportunity for domestic suppliers. That spells growth in U.S.-based rail demand, especially from shippers shifting away from imports from Canada.<\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">Railroads Will Adjust<\/span><br><\/strong>Canadian carriers like <span style=\"text-decoration: underline;\"><strong>CPKC and CN may see short-term declines in U.S.-bound traffic.<\/strong> <strong>U.S. railroads could see a boost as domestic and southern lanes pick up.<\/strong><\/span><\/li>\n<\/ul>\n\n\n\n<p>Most exposed railcar types include <strong><span style=\"text-decoration: underline;\">intermodal containers, centerbeam flats for lumber (we have already seen a big slowdown in forest products traffic), building materials, and auto racks tied to cross-border vehicle production.<\/span><\/strong><\/p>\n\n\n\n<p><strong>Canada\u2019s Response:<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Left-wing Prime Minister Carney has signaled a willingness to negotiate, and in a notable shift, Canada has paused its planned retaliatory tariffs<\/span><\/strong>, at least for now. This may be an attempt to keep talks alive, but Trump\u2019s position is firm, and <strong><span style=\"text-decoration: underline;\">Carney is weak and does not hold very many cards because of his government\u2019s extreme left-wing policies<\/span>,<\/strong> holding back companies from exploiting Canada\u2019s vast resource base and diversifying its customers base. The latest Trump announcement will hopefully give Canada a jolt in the arm \u2013 promote trade within the Canada itself (Canada has trade barriers within their own country among its Provinces that promote north\/south trade), diversify its markets, build east \u2013 west pipelines, open mining projects, get rid of their version of the green new deal, reduce taxes \u2013 the list goes on.\u00a0 Carney has signaled to the Canadian people that he will some of these things such as fast-tracking projects from 4-8 years to 2 years (yet, there are so many projects that have been held up and almost shovel ready \u2013 why would these projects take 2 years to review again? what is wrong with 2 months Canada does not have 2 years?).\u00a0 We will wait and see what Carney does, but it seems the investment community in general does not trust him, at least not yet!<\/p>\n\n\n\n<p><strong>Potential Rail Takeaways<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Watch for a volume spike through late July, followed by softening in August on high-tariff lanes.<\/li>\n\n\n\n<li>U.S. shippers may gain ground as import substitution takes hold.<\/li>\n\n\n\n<li>Short-term disruption, but long-term realignment could benefit U.S. producers and railroads that are ready to pivot.<\/li>\n<\/ul>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>With the August 1 tariff deadline approaching, early signs of market repositioning are already visible<\/strong>.<\/span> Stay tuned to PFL with offices on both sides of the border we are monitoring developments closely.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In other Tariff news, Trump said over the weekend that he will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1.<\/span><\/strong><\/p>\n\n\n\n<p>Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico\u2019s President Claudia Sheinbaum, which he posted on his social media site, Truth Social, this past Saturday<\/p>\n\n\n\n<p>\u201cMexico has been helping me secure the border, BUT, what Mexico has done, is not enough,\u201d Trump wrote to Sheinbaum.<\/p>\n\n\n\n<p>Trump said that there will not be tariffs on goods from the EU if the 27-member bloc, &#8220;or companies within the EU, decide to build or manufacture products within the United States,\u201d he wrote.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">He said that if the EU or Mexico retaliates with higher tariffs, \u201cthen, whatever the number you choose to raise them by, will be added on to the 30% that we charge.\u201d<\/span><\/strong><\/p>\n\n\n\n<p>In response, EU chief Ursula von der Leyen said the bloc was ready to take all &#8220;necessary&#8221; steps to safeguard its economic interests, after US President Donald Trump announced that he would impose 30% tariffs on all EU goods. It looks as though the Europeans are preparing to retaliate, but are working toward the August 1, 2025 deadline.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Looks as though it is going to be one heck of a week in the markets with the President promising to make new announcements on Russia, as his patience is wearing thin on the Russian Ukrainian war where Putin is refusing to negotiate a peace deal!<\/strong>&nbsp;<\/span> Stay tuned to PFL for further developments.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching the Surface and Transportation Board<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Bad news for shippers -a federal court has tossed out the Surface Transportation Board\u2019s (\u201cSTB\u201d) 2024 reciprocal switching rule that would have allowed shippers who suffer from inadequate rail service to gain access to a second railroad.<\/span><\/strong><\/p>\n\n\n\n<p>The STB exceeded its authority when it adopted the rule, the U.S. Court of Appeals for the Seventh Circuit said in a decision issued on Wednesday of last week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The rule arose out of the 2022 service crisis that was related to widespread crew shortages on the big four U.S. railroads<\/span><\/strong>. The board said the rule would provide a streamlined path for access to reciprocal switching when service to a terminal-area shipper fails to meet any one of three performance standards.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">CSX, CN, and UP brought the lawsuit challenging the rule<\/span>.<\/strong> The railroads had argued that the rule would have negative consequences for industry and shippers alike. A forced switching order, they said, would require alternative service that is more operationally and economically complex than existing service.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The court agreed that the board\u2019s rule was inconsistent with the Staggers Act of 1980, which largely deregulated the rail industry.<\/span><\/strong> \u201cThe Board exceeded its statutory authority because the Final Rule, by its terms, deviates from the statutory standards Congress established authorizing reciprocal switching,\u201d the three-judge panel said.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The decision, however, did not overturn the board\u2019s requirement that the Class I railroads provide expanded service performance metric reports every week<\/span>.<\/strong> \u201cWe refrain from deciding today whether the disclosure requirements, as written, exceed the agency\u2019s statutory authority,\u201d the court said.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Economic Indicators<\/em><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Consumer Spending<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In May 2025, total consumer spending adjusted for inflation increased by 0.3%<\/span> <\/strong>over April 2025, slightly improving from the 0.2% gain in April. This modest increase suggests a slight rebound in consumer confidence despite ongoing economic uncertainties. According to the U.S. Bureau of Economic Analysis, the increase in current-dollar personal consumption expenditures (PCE) was $48.5 billion, driven by a $56.2 billion rise in services spending, partially offset by a $7.7 billion decline in goods spending.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The personal saving rate rose to 5.1% in May, up from 4.9% in April<\/span>,<\/strong> continuing its upward trend and indicating that consumers remain cautious, prioritizing savings amid inflationary pressures and trade-related uncertainties.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Year-over-year, the PCE price index rose by 2.0%, down from 2.1% in April, signaling continued moderation in consumer inflation, but still above the Federal Reserve&#8217;s 2% target.<\/span><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfWH_mQ3hDHCcK3fLoh3xsy7S8GkN3rKmnVknn_cnrB8yjSKEyT0XUydT2YaMvWO1vS5BRz_jWFQeZ55WfrAORE2ZR_y1zYDfgrEyHWpdqUoMJvmYVo_U4f-MM1ns-XVrdGWPP8?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Other reports suggest that we could be in for some headwinds<\/span>.<\/strong>\u00a0 While consumer spending remains pretty good, consumer borrowing tanked in May, which is potentially bad news for an economy that runs on consumption.\u00a0 After a one-off surge in April, consumer borrowing tanked again in May, a sign that Americans might be close to tapping out as they hit their credit card limits. There was a surge in borrowing in April as consumers tried to get ahead of potential tariff costs, but it appears this was an outlier. Consumer debt grew by just 1.2 percent ($5.1 billion) in May as revolving credit contracted, according to the latest data from the Federal Reserve. This returns to the trend of declining borrowing that began at the beginning of the year.\u00a0 The Federal Reserve consumer debt figures include credit card debt, student loans, and auto loans, but do not factor in mortgage debt. When you include mortgages, U.S. households are buried under a record level of debt. As of the end of Q1 2025, total household debt stood at $18.2 trillion.\u00a0 Americans currently owe $1.3 trillion in revolving credit, which is primarily made up of credit card debt. If spending wanes in the days to come, that will be bad news for everything, including rail.\u00a0 Stay tuned to PFL, we are watching this one closely.<\/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<p>\u2022 30-50, 6000cf Hopper Steel located off of CSX or NS in East. For use in petcoke service. Period: 5 Years.<br>\u2022 50, 5000CF Hopper Covered located off of UP or BN in Houston. For use in Fertilizer service. Period: 6 Months. Bid: Negotiable.Needed ASAP.<br>\u2022 10, 2500CF Hopper Open Top located off of UP or BN in Texas. For use in aggregate service. Period: 5 years. Bid: Negotiable.Need Rapid Discharge Doors.<br>\u2022 20, 25.5k Tank CPC 1232 located off of UP, BN, CSX, NS in OK, TX, Northeast. For use in Asphalt service. Period: 3 Years. Bid: Negotiable.<br>\u2022 10, 25.5K Tank Any Type located off of CSX in Florida. For use in UCO service. Period: 2 Years. Bid: Negotiable.<br>\u2022 100, 30K Tank 117J located off of BN in Montana. For use in Crude service. Period: 2 years. Bid: Negotiable.<br>\u2022 20, 30K Tank 117J located off of UP or BN in Midwest. For use in Ethanol service. Period: 5 Years. Bid: Negotiable.<br>\u2022 15, 29K Tank 117R located off of NS or CSX in Ohio. For use in Ply Oil service. Period: 6-12 Months. Bid: Negotiable.<br>\u2022 10, 30K Tank 117R or 117J located off of Any Class 1 in USA. For use in Glycerin service. Period: 1 year. Bid: Negotiable.<br>\u2022 50, 23.5-25.5 Tank DOT111 located off of Any Class 1 in USA. For use in Asphalt service. Period: 5 years. Bid: Negotiable.<br>\u2022 10, 25.5K Any Type Tank located off of Any Class 1 in Any Location. For use in Asphalt service. Period: 3-12 months. Bid: Negotiable.<br>\u2022 100, 33K Tank 117J located off of BN or UP in Bellview. For use in Butane\/ service. Period: Sept-March. Bid: Negotiable.<br>\u2022 4, 30K Tank 117J located off of in Michigan. For use in Food Grade Ethanol service. Period: Multi year. Bid: Negotiable.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Sales Bids<\/strong><\/h4>\n\n\n\n<p>\u2022 28, 3400CF located off of UP BN in Texas. For use in Cement service. Bid: Negotiable.Cement Gates needed.<br>\u2022 20, 17K DOT111 located off of various class 1s in various locations. For use in corn syrup service.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Offers<\/strong><\/h4>\n\n\n\n<p>\u2022 60, 4750 Covered Hoppers located off of UP or BN in Eads, CO. Last used in Grain. Offer: Negotiable. UP to 5 Years, 3 Hopper, Gravity Gate, Trough Hatches.<br>\u2022 100, 6250 Hoppers located off of UP in US. Last used in DDG. Offer: Negotiable. 1 Year term. Dirty to Dirty. Free move on UP..<br>\u2022 50, 29K Tanks located off of CN in Hamilton, ON. Last used in Biodiesel. Offer: Negotiable. 1 year +.<br>\u2022 20, 30K Tanks located off of BNSF in West Texas. Last used in Ethanol. Offer: Negotiable. 1 year minimum.<br>\u2022 24, 25.5K-30K Tanks located off of UP or BN in Texas. Last used in Base Oils. Offer: Negotiable. 1-2 Year.<br>\u2022 25, 19.6K Tanks located off of UP in US. Last used in Molases. Offer: Negotiable.<br>\u2022 10, 30K Tanks located off of CN in Wisconsin. Last used in Gasoline. Offer: Negotiable. Multiyear.<br>\u2022 33, 30K Tanks located off of UP in Gulf. Last used in Clean. Offer: Negotiable. Multiyear.<br>\u2022 50, 30K Tanks located off of UP in Gulf. Last used in Diesel. Offer: Negotiable. Multiyear.<br>\u2022 120, 29.8K Tanks located off of CPKC in MN. Last used in Ethanol. Offer: Negotiable.<br>\u2022 50, 20K Tanks located off of UP or BN in Wichita Falls, TX. Last used in HCL. Offer: Negotiable.<br>\u2022 50, 30K Tanks located off of CSX, NS, or CN in Detroit. Last used in Diesel. Offer: Negotiable. Multiyear.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Sales Offers<\/strong><\/h4>\n\n\n\n<p>\u2022 21, 50&#8242; Boxcar Plate Cs located off of various class 1s in NM. Offer: Negotiable. End of Life.<br>\u2022 3, 50&#8242; Boxcar Plate Cs located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<br>\u2022 27, 50&#8242; Boxcar Plate Cs located off of various class 1s in PQ. Offer: Negotiable. End of Life.<br>\u2022 100, 3250 Covered Hopper s located off of various class 1s in multiple locations. Offer: Negotiable. Sand Cars.<br>\u2022 5, 2740 Gondola Mills located off of various class 1s in NC. Offer: Negotiable. End of Life.<br>\u2022 1, 2260 Gondola Mills located off of various class 1s in AL. Offer: Negotiable. End of Life.<br>\u2022 30, 2740 Gondola Mills located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<br>\u2022 21, 2740 Gondola Mills located off of various class 1s in WA. Offer: Negotiable. End of Life.<br>\u2022 9, 4750 Covered Hopper N\/As located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<br>\u2022 5, 4750 Covered Hopper N\/As located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<br>\u2022 50, 31.8K Tank CPC 1232s located off of UP or BN in TX. Offer: Negotiable. Requal Due in 2025.<\/p>\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>\u201cWe aim above the mark to hit the mark.\u201d &#8211; Ralph Waldo Emerson Jobs Update Stocks closed lower on Friday of last week and lower week-over-week The DOW closed lower on Friday of last week, down -279.13 points (0.63%), closing out the week at 44,371.51, down -457.02 points week-over-week. The S&amp;P 500 closed lower on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-17751","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 July 13, 2025<\/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-7-14-2025\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"guida\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"21 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-7-14-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"PFL Railcar Report 7-14-2025\",\"datePublished\":\"2025-07-13T22:11:07+00:00\",\"dateModified\":\"2025-07-14T11:43:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/\"},\"wordCount\":3727,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"articleSection\":[\"Railcar Report\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/\",\"name\":\"The PFL Railcar Market Report for July 13, 2025\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"datePublished\":\"2025-07-13T22:11:07+00:00\",\"dateModified\":\"2025-07-14T11:43:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#primaryimage\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"width\":1280,\"height\":853},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-7-14-2025\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PFL Railcar Report 7-14-2025\"}]},{\"@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\\\/f3f5ee51a3b008e32db5c8092a5fd51d\",\"name\":\"guida\",\"description\":\"John Guida is the Chief Data Analyst and Communications officer for PFL Petroleum Services LTD. For questions concerning the data supplied on PFLPetroleum.com please email john@pflpetroleum.com.\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/author\\\/guida\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The PFL Railcar Market Report for July 13, 2025","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-7-14-2025\/","twitter_misc":{"Written by":"guida","Est. reading time":"21 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/"},"author":{"name":"guida","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d"},"headline":"PFL Railcar Report 7-14-2025","datePublished":"2025-07-13T22:11:07+00:00","dateModified":"2025-07-14T11:43:55+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/"},"wordCount":3727,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","articleSection":["Railcar Report"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/","url":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/","name":"The PFL Railcar Market Report for July 13, 2025","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","datePublished":"2025-07-13T22:11:07+00:00","dateModified":"2025-07-14T11:43:55+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#primaryimage","url":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","contentUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","width":1280,"height":853},{"@type":"BreadcrumbList","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-7-14-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 7-14-2025"}]},{"@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\/f3f5ee51a3b008e32db5c8092a5fd51d","name":"guida","description":"John Guida is the Chief Data Analyst and Communications officer for PFL Petroleum Services LTD. For questions concerning the data supplied on PFLPetroleum.com please email john@pflpetroleum.com.","url":"https:\/\/pflpetroleum.com\/reports\/author\/guida\/"}]}},"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280-150x150.jpg",150,150,true],"full":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg",1280,853,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\/17751","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/comments?post=17751"}],"version-history":[{"count":12,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/17751\/revisions"}],"predecessor-version":[{"id":17796,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/17751\/revisions\/17796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media\/318"}],"wp:attachment":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media?parent=17751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=17751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=17751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}