{"id":17944,"date":"2025-08-03T14:19:13","date_gmt":"2025-08-03T18:19:13","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=17944"},"modified":"2025-08-04T07:45:43","modified_gmt":"2025-08-04T11:45:43","slug":"pfl-railcar-report-8-4-2025","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/","title":{"rendered":"PFL Railcar Report 8-4-2025"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong>\u201cThis is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.\u201d<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Hannah Arendt<\/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<p>\u2022 <strong><span style=\"text-decoration: underline;\">Initial jobless claims seasonally adjusted for the week ending July 26, 2025, came in at 218,000<\/span><\/strong>, up 1,000 people week over week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"778\" height=\"402\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-10.png\" alt=\"\" class=\"wp-image-17959\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-10.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-10-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-10-768x397.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n<\/div>\n\n\n<p>\u2022 <strong><span style=\"text-decoration: underline;\">Continuing jobless claims came in at 1,946,000<\/span><\/strong>, versus the adjusted number of 1,946,000 people from the week prior, flat 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=\"447\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-11.png\" alt=\"\" class=\"wp-image-17960\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-11.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-11-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-11-768x442.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Stocks closed lower on Friday of last week and lower week-over-week<\/h4>\n\n\n\n<p><strong><u>The DOW closed lower on Friday of last week, down -542.40 points (-1.23%), closing out the week at 43,588.58,&nbsp;<\/u><\/strong>down -1,313.34 points week-over-week.&nbsp;<strong><u>The S&amp;P 500 closed lower on Friday of last week, down -101.38 points (-1.60%), and closed out the week at 6,238.01,&nbsp;<\/u><\/strong>down -150.63 points week-over-week.&nbsp;<strong><u>The NASDAQ closed lower on Friday of last week, down -472.32 points (-2.24%), and closed out the week at 20,650.13,&nbsp;<\/u><\/strong>down -458.19 points week-over-week.<\/p>\n\n\n\n<p><strong><u><strong><u>In overnight trading, DOW futures traded higher and are expected to open at 44,001\u00a0this morning,\u00a0up 291\u00a0points from Friday\u2019s close.<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Crude oil closed lower on Friday of last week, but higher week-over-week<\/h4>\n\n\n\n<p><strong><u>West Texas Intermediate (WTI) crude closed down -1.93 per barrel (-2.79%), to close at $67.33&nbsp;<\/u><\/strong>on Friday of last week, and up $2.17 week-over-week.&nbsp;<strong><u>Brent crude closed down -2.03 per barrel<\/u><\/strong>&nbsp;(2.83%), to close at $69.67, and up $1.23 week-over-week.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><u><a href=\"https:\/\/www.oneexchangecorp.com\/\">One Exchange WCS<\/a>&nbsp;(Western Canadian Select) for September delivery settled on Friday of last week at US$11.70 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average).<\/u><\/strong>&nbsp;The implied value was US$55.63 per barrel.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><span style=\"text-decoration: underline;\"><strong>U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased 7.7 million barrels week-over-week.<\/strong> <\/span>At 426.7 million barrels, U.S. crude oil inventories are 6% 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=\"777\" height=\"345\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-12.png\" alt=\"\" class=\"wp-image-17961\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-12.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-12-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-12-768x341.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 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=\"779\" height=\"347\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-13.png\" alt=\"\" class=\"wp-image-17962\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-13.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-13-300x134.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-13-768x342.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories increased by 3.6 million barrels week-over-week<\/span><\/strong> and are 16% below the five year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"779\" height=\"345\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-14.png\" alt=\"\" class=\"wp-image-17963\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-14.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-14-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-14-768x340.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane\/propylene inventories increased by 1.1 million barrels from 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=\"780\" height=\"347\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-15.png\" alt=\"\" class=\"wp-image-17964\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-15.png 780w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-15-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-15-768x342.png 768w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 69 cents per gallon on Friday of last week, down 1 cent per gallon<\/span><\/strong> week-over-week, and down 9 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=\"342\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-17.png\" alt=\"\" class=\"wp-image-17966\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-17.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-17-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-17-768x338.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 7.1 million barrels <\/span><\/strong>during the week ending July 25, 2025.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.1 million barrels per day during the week ending July 25, 2025<\/span><\/strong>, an increase of 159,000 barrels per day week-over-week. Over the past four weeks, <span style=\"text-decoration: underline;\"><strong>crude oil imports averaged 6.1 million barrels per day<\/strong>,<\/span> 11.3% 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 691,000 barrels per day, and distillate fuel imports averaged 229,000 barrels per day<\/span> <\/strong>during the week ending July 25, 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=\"341\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-18.png\" alt=\"\" class=\"wp-image-17967\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-18.png 776w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-18-300x132.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-18-768x337.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 2.698 million barrels per day<\/span><\/strong> during the week ending July 25, 2025, a decrease of -1.157 million barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3,207 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=\"777\" height=\"345\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-19.png\" alt=\"\" class=\"wp-image-17968\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-19.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-19-300x133.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-19-768x341.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 16.9 million barrels per day<\/span><\/strong> during the week ending July 25, 2025, which was 25,000 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=\"779\" height=\"341\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-20.png\" alt=\"\" class=\"wp-image-17969\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-20.png 779w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-20-300x131.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-20-768x336.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\"><strong><strong><span style=\"text-decoration: underline;\"><strong>WTI is poised to open at $66.45, down 88 cents per barrel from Friday&#8217;s close.<\/strong><\/span><\/strong><\/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 30 2025:<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were down (0.58%) in week 31<\/span><\/strong>, compared with the same week last year. Total carloads for the week ending on July 30 were 323,990 down (0.85%) compared with the same week in 2024, while weekly intermodal volume was 344,083, down (0.34%) compared to the same week in 2024.&nbsp;<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">7 of the AAR\u2019s 11 major traffic categories posted year-over-year decreases<\/span><\/strong>. The largest decrease came from Forest Products, which was down (-15.12%), while the largest increase was from Motor Vehicles and Parts, which was up (+6.47%).<\/p>\n\n\n\n<p>In the East,<strong> <span style=\"text-decoration: underline;\">CSX\u2019s total volumes were down (-2.37%)<\/span>, <\/strong>with the largest decrease coming from Petroleum and Petroleum Products (-10.59%), while the largest increase came from Grain (+22.99%). <strong><span style=\"text-decoration: underline;\">NS\u2019s volumes were down (-1.98%)<\/span>, <\/strong>with the largest increase coming from Petroleum and Petroleum Products (25.19%), while the largest decrease came from Nonmetallic Minerals (-9.57%).<\/p>\n\n\n\n<p>In the West, <strong><span style=\"text-decoration: underline;\">BN\u2019s total volumes were up (4.05%)<\/span>, <\/strong>with the largest increase coming from Motor Vehicles and Parts (+22.45%), while the largest decrease came from Forest Products (-7.13%). <strong><span style=\"text-decoration: underline;\">UP\u2019s total rail volumes were up (+1.13%),<\/span> <\/strong>with the largest increase coming from Coal (+17.77%), while the largest decrease came from Farm Products (-13.73%).<\/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 up (3.13%)<\/span> <\/strong>with the largest increase coming from Intermodal (+27.54%) while the largest decrease came from Other (-19.81%).<strong> <span style=\"text-decoration: underline;\">CPKCS\u2019s rail volumes were down (-21.89%)<\/span>,<\/strong> with the largest increase coming from Motor Vehicles and Parts (+28.52%), while the largest decrease came from Forest Products (-69.65%).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><\/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 down by -7 rigs week-over-week. The US rig count was down by -2 rigs week-over-week<\/span><\/strong>, and down by -46 rigs year-over-year. The US currently has 540 active rigs. <span style=\"text-decoration: underline;\"><strong>Canada&#8217;s rig count was down -5 rigs week-over-week, and down by -42 rigs year-over-year<\/strong><\/span><strong>.<\/strong> Canada currently has \u00a0177 active rigs. Overall, year-over-year, we are down by -88 rigs collectively.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\"><strong>International rig count, which is reported monthly, was up by 1 rig month-over-month, but down by -20 rigs year-over-year. Internationally, there are 914 active rigs.<\/strong><\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\" id=\"north-american-rig-count-summary\"><u><strong>North American Rig Count Summary<\/strong><\/u><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"123\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-25.png\" alt=\"\" class=\"wp-image-17984\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-25.png 708w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-25-300x52.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=\"778\" height=\"367\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-26.png\" alt=\"\" class=\"wp-image-17985\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-26.png 778w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-26-300x142.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-26-768x362.png 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/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>We are Watching Petroleum Carloads<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The four-week rolling average of petroleum carloads carried on the six largest North American railroads fell to 27,782 from 27,854 which was a decrease of -72 rail cars week-over-week.&nbsp; Canadian volumes fell<\/span>. <\/strong>CPCK\u2019s shipments were lower by -5.0% week over week, CN\u2019s volumes were down by -0.4% week-over-week. <strong><span style=\"text-decoration: underline;\">U.S. shipments were mostly lower.<\/span><\/strong>&nbsp; The CSX had the largest percentage decrease and was down by -11.0%. The UP was the sole gainer and was up by 6%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch All Talk, No Action, Socialist Carney<\/em><\/strong><\/h4>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Enbridge Inc. is keeping its options open to build new oil and gas export pipelines to Canada\u2019s West Coast, but it still hasn\u2019t seen much progress from governments<\/strong> <strong>on moving new projects forward<\/strong><\/span><strong>,<\/strong> said president and chief executive officer <span style=\"text-decoration: underline;\"><strong>Greg Ebel<\/strong> <\/span>at its second quarter earnings call.<\/p>\n\n\n\n<p>Enbridge spent hundreds of millions of dollars planning the Northern Gateway oil pipeline before it was rejected by the federal government in 2016, Ebel said.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Northern Gateway would have sent 525,000 bbls\/d of diluted bitumen from Alberta to Kitimat,<\/span><\/strong> with a second pipeline returning 193,0000 bbls\/d of diluent back to oilsands operators for reuse. A marine terminal with two berths for tankers and 19 storage tanks was also planned.<\/p>\n\n\n\n<p>Ebel said the company would consider revisiting Northern Gateway or building a similar oil export pipeline to the West Coast in the future.<\/p>\n\n\n\n<p>But right now, it is focused on expanding its Mainline system in the U.S., with a final investment decision of the first phase of the project expected to add 150,000 bbls\/d of incremental capacity set for later this year.<\/p>\n\n\n\n<p>\u201cOur customers at this point in time really want to go south. That\u2019s the premium market, which we\u2019re able to deliver to both PADD 2 and PADD 3, the Gulf Coast,\u201d he said.<\/p>\n\n\n\n<p>\u201cThat\u2019s the first move. It\u2019s the most valuable market. It\u2019s the smartest way to do this. And then when that\u2019s done and as our customer production grows, that\u2019s when an opportunity could be created to go to the West Coast. And there\u2019s lots of discussion with governments on that.\u201d<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Ebel disputed B.C. Premier David Eby\u2019s claims there is no proponent for a West Coast pipeline, so there is little his government can do to move a project forward.<\/span><\/strong><\/p>\n\n\n\n<p>\u201cWe have been a proponent of such a project in the past,\u201d he added. \u201cThe issue isn\u2019t one there being a proponent.<\/p>\n\n\n\n<p>\u201cThe issue is one of government policy setting the conditions for that investment to occur. Let\u2019s be honest. The government has not done that yet, and it\u2019s not clear they intend to, at least from our perspective.\u201d<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Ebel pointed to the emissions cap, which stifles oilsands operators ability to grow production, as one issue.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Tariffs &#8211; Rail Shippers Brace for Impact<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">On Thursday of last week, a sweeping executive order imposed new import tariffs on over 65 countries.<\/span><\/strong> Tariff rates range from 10% to 50%, with <strong>Canada hit hardest at 35% on non-USMCA goods.<\/strong> This follows the June decision to double tariffs on Canadian steel and aluminum to <strong>50%<\/strong>\u2014a direct hit to two of the most rail-dependent sectors. For rail shippers, the impact is swift. From Hamilton to Houston, cross-border supply chains are under pressure. Shippers are seeing slower customs clearance, shifting volumes, and greater exposure across key industrial sectors.<\/p>\n\n\n\n<p><strong>Who\u2019s Affected:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;<strong>U.S. Shippers:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Metals:<\/strong> Importers face price spikes and customs friction.<\/li>\n\n\n\n<li><strong>Machinery &amp; Auto Parts:<\/strong> Delays expected at key assembly hubs.<\/li>\n\n\n\n<li><strong>Ag Exports:<\/strong> Pork, dairy, and sugar products could face retaliation.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Canadian Shippers:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Steel and aluminum shipments<\/strong>\u2014about 6% of Canada\u2019s total export value\u2014are down an estimated 15%.<\/li>\n\n\n\n<li><strong>Fertilizer, plastics, and chemicals<\/strong> are being re-routed or deferred.<\/li>\n\n\n\n<li>Industrial regions like <strong>Hamilton and Windsor<\/strong> are seeing reduced rail carloadings and layoffs.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Rail Corridors to Watch:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">Toronto \u2194 Chicago<\/span><\/strong> \u2013 Mixed industrial freight, intermodal, parts<\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">Hamilton \u2194 Detroit\/Windsor<\/span><\/strong> \u2013 Steel and automotive materials<\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">Alberta \u2194 Texas\/Gulf Coast<\/span><\/strong> \u2013 Fertilizer, propane, plastics<\/li>\n<\/ul>\n\n\n\n<p><strong>Broader Market Impacts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">Trucking and Intermodal Volatility<\/span>:<\/strong> Cross-border trucking demand is softening. Intermodal lanes tied to U.S.\u2013Mexico and U.S.\u2013Canada are seeing delays, rebalancing, and spot rate pressure.<\/li>\n\n\n\n<li><strong><span style=\"text-decoration: underline;\">Port Activity Spikes, Then Slows<\/span>:<\/strong> Ports like Savannah saw heavy pre-tariff volume surges\u2014now followed by a drop in inbound containers. That means fewer loads feeding inland rail networks.<\/li>\n\n\n\n<li>&nbsp;<strong><span style=\"text-decoration: underline;\">Railcar Demand Slowing<\/span>:<\/strong> Analysts are reporting weakened car utilization and fewer new car orders in non-metal lanes\u2014plastics, ag, and chemicals are all seeing softer demand.<\/li>\n\n\n\n<li>&nbsp;<strong><span style=\"text-decoration: underline;\">Rail Stocks Hit<\/span>:<\/strong> Carriers like <strong>CPKC and CN took hits<\/strong> after the announcement. Investors are flagging heavy exposure to cross-border trade as a near-term risk.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"495\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-28.png\" alt=\"\" class=\"wp-image-17988\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-28.png 708w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-28-300x210.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Canadian Class 1\u2019s Earnings and Performance<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The second-quarter 2025 earnings season has revealed a sharp divergence between the Canadian Class I railroads<\/span><\/strong>, driven by their different exposures to the new trade landscape.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;<span style=\"text-decoration: underline;\"><strong>CN took the biggest hit<\/strong>,<\/span> lowering its full-year 2025 adjusted EPS growth guidance from a robust 10-15% range down to a mid-to-high single-digit range, explicitly citing &#8220;persistent trade and tariff volatility&#8221;. In a powerful signal of extreme uncertainty, management also <strong><span style=\"text-decoration: underline;\">completely withdrew its multi-year 2024-2026 financial outlook<\/span><\/strong>. The market reacted severely, with all ten major analyst firms cutting their price targets and <strong><span style=\"text-decoration: underline;\">CN&#8217;s stock is testing multi-year lows<\/span><\/strong>.<\/li>\n\n\n\n<li>&nbsp;<strong><span style=\"text-decoration: underline;\">CPKC fared better<\/span><\/strong>, narrowly missing analyst forecasts, but still <strong><span style=\"text-decoration: underline;\">posting 3% revenue growth<\/span> <\/strong>and improving its operating ratio. The results show the value of their new three-nation network: the <span style=\"text-decoration: underline;\"><strong>Intermodal segment was a standout performer, with revenue ton-miles surging 18%<\/strong>,<\/span> driven by its U.S.-Mexico service. This strength offset declines in the Merchandise segment, which was directly impacted by the steel tariffs.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"432\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-30.png\" alt=\"\" class=\"wp-image-17990\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-30.png 718w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-30-300x181.png 300w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><strong><em>Source: CN, CPKC<\/em><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Class 1 Merger Developments<\/em><\/strong><\/h4>\n\n\n\n<p>The proposed <strong><span style=\"text-decoration: underline;\">$85 billion acquisition of Norfolk Southern by Union Pacific<\/span><\/strong> aims to create the first coast-to-coast freight rail network in U.S. history. If approved, the combined system would manage over 50,000 miles of track across 43 states, eliminating key interchange points and fundamentally altering how rail freight moves across the country. While some see a path to greater efficiency, shippers, trade groups, and policymakers have raised significant concerns.<\/p>\n\n\n\n<p><strong>Shipper Concerns:<\/strong>&nbsp;<\/p>\n\n\n\n<p>Shippers across the fuel, chemical, agriculture, and manufacturing sectors are actively organizing against the merger. Their primary concerns include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loss of routing options<\/strong> at crucial interchange points like Chicago, Memphis, and St. Louis.<\/li>\n\n\n\n<li><strong>Increased captive rates<\/strong> in areas where UP and NS already have dominant control.<\/li>\n\n\n\n<li>A potential <strong>decline in service performance<\/strong> and a lack of recourse for delays.<\/li>\n\n\n\n<li><strong>Reduced flexibility and cost control<\/strong> in long-term contracts.<\/li>\n<\/ul>\n\n\n\n<p><strong>Other Stakeholders:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>CSX<\/strong> has hired Goldman Sachs to explore strategic options.<\/li>\n\n\n\n<li><strong>BNSF<\/strong> is rumored to be planning a countermove if the merger proceeds.<\/li>\n\n\n\n<li><strong>Analysts<\/strong> predict the market may consolidate into two major networks: UP\u2013NS and BNSF\u2013CSX.<\/li>\n\n\n\n<li><strong>CPKC<\/strong> advises caution, citing its own merger-related service challenges as a warning against rapid network complexity.<\/li>\n<\/ul>\n\n\n\n<p>While the merger could potentially eliminate delays at congested interchanges and reduce coast-to-coast transit times, these benefits depend on maintaining service quality and ensuring shippers retain enough leverage to hold the carrier accountable. The current STB review is therefore crucial, as the decisions made over the next 12 months will significantly impact North American rail for the coming decade.<\/p>\n\n\n\n<p>The intense focus on long-haul efficiency and risk management at the Class 1 level is creating a mixed and challenging environment for the smaller shortline and regional railroads. As the essential &#8220;first and last mile&#8221; connectors, these smaller operators are highly dependent on their Class 1 partners and are feeling the downstream effects of their strategic shifts. For some, the Class 1s&#8217; efforts to de-risk and streamline their networks has created new opportunities; these shortlines are seeing a surge in demand for ancillary services like <strong><span style=\"text-decoration: underline;\">railcar storage, cleaning, and custom switching<\/span><\/strong> as shippers and car owners look for flexible, local solutions. However, for others, the situation is more precarious. A decision by a Class 1 to de-emphasize a particular corridor or commodity can cause volumes to dry up for the feeder lines that depend on that traffic, putting them at significant risk.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Key Economic Indicators<\/em><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><span style=\"text-decoration: underline;\">Interest Rates<\/span><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Both the Bank of Canada and the U.S. Federal Reserve held their key interest rates steady last week,<\/span><\/strong> signaling a cautious approach in a highly uncertain economic environment. On July 30, the <strong><span style=\"text-decoration: underline;\">Bank of Canada maintained its policy rate at 2.75%<\/span><\/strong> for the third consecutive time, while the <strong><span style=\"text-decoration: underline;\">U.S. Fed also held its rate at a range of 4.25% to 4.5%<\/span><\/strong>. Both central banks cited the unpredictable nature of U.S. trade policy and tariff impacts as key factors in their decisions. For the rail and logistics sector, this period of stable but elevated interest rates has a direct impact on capital-intensive decisions. Higher borrowing costs can deter companies from investing in new equipment like locomotives and railcars or upgrading existing fleets. This environment tends to make leasing a more attractive option over purchasing, as it shifts capital expenditures to more flexible operating expenses.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><span style=\"text-decoration: underline;\">U.S. Unemployment Rate<\/span><\/strong><\/h4>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>According to the Bureau of Labor Statistics, the seasonally adjusted unemployment rate increased to 4.2% in July 2025<\/strong><\/span>, compared to 4.1% in June, while the number of unemployed reached approximately 7.2 million. Total nonfarm payroll employment rose by just 73,000 jobs in July, well below expectations and marking one of the weakest monthly gains in over two years. The slowdown reflects downward revisions of previous months: May\u2019s job gains were revised down to 19,000 and June to about 14,000\u2014together trimming <span style=\"text-decoration: underline;\"><strong>258,000 fewer jobs<\/strong><\/span> than originally reported.&nbsp;<\/p>\n\n\n\n<p>While employment continued to grow in health care and social assistance, federal government roles declined, and gains elsewhere were limited.<strong> <\/strong><span style=\"text-decoration: underline;\"><strong>Labor force participation edged down to about 62.2%<\/strong>,<\/span> and average hourly earnings rose 3.9% over the year (up 0.3% month over month), trending at $36.44 per hour. Chair Powell emphasized that the unemployment rate remains the primary indicator for the Federal Reserve, as the job market continues to cool\u2014especially as reduced labor supply (due in part to immigration restrictions) and weakening demand could weigh more heavily on employment going forward<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXddVa6AufGfuPec6bqX7nYQDWS17tD-bMKaOad9yPTY5z_hQmn3QaFKYYGUHxGyccyAtfSo9L7sZP20b10XjQDiJlyUvkGDFE41PCbt5ZZv8nBKZjSkvVGeWm5lbmNFAkaFv6c1Xw?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\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;\">Without adjusting for inflation, total U.S. consumer spending grew 0.3% in June<\/span><\/strong> 2025 following flat growth in May. <strong><span style=\"text-decoration: underline;\">After accounting for inflation, real spending likely increased around 0.1\u20130.2%<\/span><\/strong>, modestly ahead of price gains.<\/p>\n\n\n\n<p>The <strong><span style=\"text-decoration: underline;\">personal saving rate remained at 4.5%<\/span><\/strong> for May and June\u2014down from the 5.0% level reached in April. These savings levels are significantly below the pre\u2011pandemic average of around 6\u20137%, suggesting consumers have drawn down reserve buffers.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Rising interest rates, persistent inflation, and the resumption of student loan payments continue to weigh on household budgets. With the savings cushion eroding and wage growth slowing, <strong><span style=\"text-decoration: underline;\">we anticipate a gradual slowdown in consumer spending over the coming months.<\/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_4nXcWoCLGn40QhQc_icHzjgB4SbfsJWgyeGdEKtBsTUr8UITmt9OGX94ayXhV6EJjdkBBfZ2GXvUixD053hgZxm-neee8zSKEOkzTlhJTNuDc72FPooAIWhQ0WWbO7EtJf8B0eYlM?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Gross Domestic Product (\u201cGDP\u201d)<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Real GDP in the United States grew at an annualized rate of 3.0% in Q2 2025 (covering April through June), rebounding from a 0.5% decline in Q1 2025<\/span>.<\/strong> The upswing primarily reflected a sharp decline in imports\u2014which subtract from GDP\u2014and a moderate rise in consumer spending. These improvements were partly offset by declines in investment and exports.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Consumer spending added approximately 0.98 percentage points to GDP growth<\/span><\/strong>, compared with 0.31 points in Q1. Services were the chief driver within consumption, notably in healthcare, food services, and financial services, while goods\u2014especially durable goods such as motor vehicles and parts\u2014also made a positive contribution.<\/p>\n\n\n\n<p>Real final sales to private domestic purchasers (combining household spending and fixed investment) rose 1.2%, down from 1.9% in Q1, signaling more moderate underlying private demand growth.<\/p>\n\n\n\n<p class=\"has-text-align-left\">On the price front, the price index for gross domestic purchases increased 1.9%, down from 3.4% in Q1. The PCE price index rose 2.1%, compared to 3.7% previously, and core PCE (excluding food and energy) rose 2.5%, down from 3.5% in Q1.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcZ2j_ZoiVqVPG3Bm7tH9n01qTHVahLYNultMD4q7PLuGp_LebqxHnd6zHNXZc2WjNmpTCFGgSmfJqTaRIg-ukg0ExMxEeXiHPYXZZGgMuRnOFCvgmX_g1K7LY0FqE8OFr7huaSGw?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Consumer Confidence<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The Conference Board\u2019s Index of Consumer Confidence increased to 97.2<\/span> <\/strong>in July 2025, up from 95.2 in June.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The University of Michigan\u2019s Index of Consumer Sentiment rose to 61.8<\/span><\/strong> in July, up from 60.7 in June.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdO-yBM26bshueEVHEMg_5l2zJMTokp6h_qAslHLHsHXSkw89ed22azHGS97fms-W6bnK9EVW4852my_0ko1gYfQybzdcCP8DTGAfAKjMSoJoKISEP5FdsJi3w0tJ_Soai0TKH8MA?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Producer Price Index<\/strong><\/h4>\n\n\n\n<p>In June 2025, <strong><span style=\"text-decoration: underline;\">U.S. producer prices were unchanged month over month<\/span><\/strong>, following a 0.1% increase in May. Core PPI\u2014which excludes food, energy, and trade services\u2014also held steady after a 0.1% rise in the prior month. Prices for goods increased by 0.3%, driven by a 0.2% rise in food and a 0.6% increase in energy. Goods excluding food and energy rose 0.3%. In contrast, services prices declined by 0.1%, reflecting flat trade margins and a 0.9% drop in transportation and warehousing. Prices for services excluding trade, transportation, and warehousing were down 0.1%.<\/p>\n\n\n\n<p class=\"has-text-align-left\">The <strong><span style=\"text-decoration: underline;\">Consumer Price Index (CPI) rose 0.1% month over month in May<\/span>, <\/strong>easing from a 0.2% gain in April. Over the last 12 months, the all-items index increased 2.4%, up slightly from 2.3% in April. Core CPI, which excludes food and energy, also rose 0.1% for the month, down from 0.2% in April, bringing the annual core inflation rate to 2.8%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeEfNSX5kbWDqlISCKLLHZsaZerpmrrakOdXtZpsKJOIlzRXrLVenPMarHt7rJqr0M3Ah_lieSDPtmfF_1CUJKKXLFqnMEInyyZlUrAbyaR3xkgLbVRpCSplidsyZWhQIQ39H23?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\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>30-50, 6000cf Steel Hopper located off of CSX or NS in East. For use in petcoke service. Period: 5 Years.<\/li>\n\n\n\n<li>50, 5000CF Covered Hopper located off of UP or BN in Houston. For use in Fertilizer service. Period: 6 Months. Bid: Negotiable.Needed ASAP.<\/li>\n\n\n\n<li>10, 2500CF Open Top Hopper located off of UP or BN in Texas. For use in aggregate service. Period: 5 years. Bid: Negotiable.Need Rapid Discharge Doors.<\/li>\n\n\n\n<li>20, 25.5k CPC 1232 Tank located off of UP, BN, CSX, NS in OK, TX, Northeast. For use in Asphalt service. Period: 3 Years. Bid: Negotiable.<\/li>\n\n\n\n<li>10, 25.5K Any Type Tank located off of CSX in Florida. For use in UCO service. Period: 2 Years. Bid: Negotiable.<\/li>\n\n\n\n<li>20, 28.3K 117J Tank located off of BN in Montana. For use in Crude service. Period: 2 years. Bid: Negotiable.<\/li>\n\n\n\n<li>15-20, 29K 117R Tank located off of NS or CSX in Ohio. For use in Ply Oil service. Period: 6-12 Months. Bid: Negotiable.<\/li>\n\n\n\n<li>10, 30K 117R or 117J Tank located off of Any Class 1 in USA. For use in Glycerin service. Period: 1 year. Bid: Negotiable.<\/li>\n\n\n\n<li>50, 23.5-25.5 DOT111 Tank located off of Any Class 1 in USA. For use in Asphalt service. Period: 5 years. Bid: Negotiable.<\/li>\n\n\n\n<li>50-100, 33K 117J Tank located off of BN or UP in Bellview. For use in Butane\/ service. Period: Sept-March. Bid: Negotiable.<\/li>\n\n\n\n<li>4, 30K 117J Tank located in Michigan. For use in Food Grade Ethanol service. Period: Multi year. Bid: Negotiable.<\/li>\n\n\n\n<li>10-20, 29K CPC 1232 Tank located off of CP in Washington, Iowa. For use in Biodiesel service. Period: 1 Year min. Bid: Negotiable.<\/li>\n\n\n\n<li>50, 33K 117J Tank located off of CP or CN in Canada. For use in Propane service. Period: Summer. Bid: Negotiable.<\/li>\n\n\n\n<li>6, 4750 Covered Hopper located off of NS in Georgia. For use in Fertilizer service. Period: 3-5 years. Bid: Negotiable.<\/li>\n\n\n\n<li>100, 21.9K 117J Tank located off of All Class 1s in Midwest. For use in CO2 service. Period: 6 months. Bid: Negotiable.<\/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<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<ul class=\"wp-block-list\">\n<li>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.<\/li>\n\n\n\n<li>100, 6250 Covered Hoppers located off of UP. Last used in DDG. Offer: Negotiable. 1 Year term. Dirty to Dirty. Free move on UP..<\/li>\n\n\n\n<li>24, 25.5K-30K DOT111 Tanks located off of UP or BN in Texas. Last used in Base Oils. Offer: Negotiable. 1-2 Year.<\/li>\n\n\n\n<li>25, 19.6K DOT111 Tanks located off of UP in US. Last used in Molases. Offer: Negotiable.<\/li>\n\n\n\n<li>50, 20K DOT111 Tanks located off of UP or BN in Wichita Falls, TX. Last used in HCL. Offer: Negotiable.<\/li>\n\n\n\n<li>50, 30K 117R Tanks located off of CSX, NS, or CN in Detroit. Last used in Diesel. Offer: Negotiable. Multiyear.<\/li>\n\n\n\n<li>50, 20K 117J Tanks located off of All Class 1s in N\/A. Last used in Styrene. Offer: Negotiable. Cars are currently moving.<\/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>21, 50&#8242; Boxcar Plate Cs located off of various class 1s in NM. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>3, 50&#8242; Boxcar Plate Cs located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>27, 50&#8242; Boxcar Plate Cs located off of various class 1s in PQ. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>100, 3250 Covered Hoppers located off of various class 1s in multiple locations. Offer: Negotiable. Sand Cars.<\/li>\n\n\n\n<li>5, 2740 Mill Gondolas located off of various class 1s in NC. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>1, 2260 Mill Gondolas located off of various class 1s in AL. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>30, 2740 Mill Gondolas located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>21, 2740 Mill Gondolas located off of various class 1s in WA. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>9, 4750 Covered Hoppers located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>5, 4750 Covered Hoppers located off of various class 1s in multiple locations. Offer: Negotiable. End of Life.<\/li>\n\n\n\n<li>50, 31.8K Tank CPC 1232s located off of UP or BN in TX. Offer: Negotiable. Requal Due in 2025.<\/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>\u201cThis is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.\u201d Hannah Arendt Jobs Update \u2022 Initial jobless claims seasonally adjusted for the week ending July 26, 2025, came in at 218,000, up 1,000 people week over week. \u2022 Continuing jobless claims came in at 1,946,000, [&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-17944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-railcar-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Railcar Market Report for August 3, 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-8-4-2025\/\" \/>\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-8-4-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"PFL Railcar Report 8-4-2025\",\"datePublished\":\"2025-08-03T18:19:13+00:00\",\"dateModified\":\"2025-08-04T11:45:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/\"},\"wordCount\":3710,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/#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-8-4-2025\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/\",\"name\":\"The PFL Railcar Market Report for August 3, 2025\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"datePublished\":\"2025-08-03T18:19:13+00:00\",\"dateModified\":\"2025-08-04T11:45:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-4-2025\\\/#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-8-4-2025\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PFL Railcar Report 8-4-2025\"}]},{\"@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 August 3, 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-8-4-2025\/","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-8-4-2025\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/"},"author":{"name":"guida","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d"},"headline":"PFL Railcar Report 8-4-2025","datePublished":"2025-08-03T18:19:13+00:00","dateModified":"2025-08-04T11:45:43+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/"},"wordCount":3710,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/#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-8-4-2025\/","url":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/","name":"The PFL Railcar Market Report for August 3, 2025","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","datePublished":"2025-08-03T18:19:13+00:00","dateModified":"2025-08-04T11:45:43+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-4-2025\/#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-8-4-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 8-4-2025"}]},{"@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\/17944","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=17944"}],"version-history":[{"count":24,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/17944\/revisions"}],"predecessor-version":[{"id":18019,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/17944\/revisions\/18019"}],"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=17944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=17944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=17944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}