{"id":18104,"date":"2025-08-17T16:39:58","date_gmt":"2025-08-17T20:39:58","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=18104"},"modified":"2025-08-18T11:30:22","modified_gmt":"2025-08-18T15:30:22","slug":"pfl-railcar-report-8-18-2025","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-18-2025\/","title":{"rendered":"PFL Railcar Report 8-18-2025"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><em>&#8220;The good life is a process, not a state of being. It is a direction not a destination.&#8221; <\/em><\/strong><br><strong><em>&#8211; Carl Rogers<\/em><\/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 <span style=\"text-decoration: underline;\"><strong>Initial jobless claims seasonally adjusted for the week ending August 9, 2025, came in at 224,000<\/strong><\/span>, down 3,000 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=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-46.png\" alt=\"\" class=\"wp-image-18105\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-46.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-46-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<p>\u2022 <span style=\"text-decoration: underline;\"><strong>Continuing jobless claims came in at 1,953,000<\/strong><\/span>, versus the adjusted number of 1,986,000 people from the week prior, down 33,000 week-over-week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-47.png\" alt=\"\" class=\"wp-image-18106\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-47.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-47-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>Stocks closed mixed on Friday of last week and higher week-over-week<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The DOW closed higher on Friday of last week, up 34.86 points (0.08%), closing out the week at 44,946.12<\/span>, <\/strong>up 770.51 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed lower on Friday of last week, down -18.74 points (-0.29%), and closed out the week at 6,449.80<\/span>, <\/strong>up 60.35 points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed lower on Friday of last week, down -87.69 points (-0.40%), and closed out the week at 21,622.98,<\/span> <\/strong>up 172.96 points week-over-week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In overnight trading, DOW futures traded higher and are expected to open at 44,994 this morning, down -46 points from Friday\u2019s close.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>Crude oil closed lower on Friday of last week and lower week-over-week<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">West Texas Intermediate (WTI) crude closed down -1.16 per barrel (-1.8%), to close at $62.80<\/span> <\/strong>on Friday of last week, and down $1.08 week-over-week. <strong><span style=\"text-decoration: underline;\">Brent crude closed down -0.99 per barrel<\/span><\/strong> (-1.5%), to close at $65.85, and down $0.74 week-over-week.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><\/h4>\n\n\n\n<p class=\"has-text-align-left\"><strong><u><a href=\"https:\/\/www.oneexchangecorp.com\/\">One Exchange WCS<\/a>&nbsp;<\/u><span style=\"text-decoration: underline;\">&nbsp;(Western Canadian Select) for September delivery settled on Friday of last week at US$11.50 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average)<\/span>.<\/strong> The implied value was US$54.35 per barrel.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><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 3 million barrels<\/span><\/strong> week-over-week. At 426.7 million barrels, U.S. crude oil inventories are about 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-62.png\" alt=\"\" class=\"wp-image-18124\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-62.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-62-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-62-768x395.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 800,000 barrels<\/span><\/strong> week-over-week and are at 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-63.png\" alt=\"\" class=\"wp-image-18125\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-63.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-63-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-63-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories increased by 700,000 barrels<\/span><\/strong> week-over-week and are 15% 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-66.png\" alt=\"\" class=\"wp-image-18128\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-66.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-66-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-66-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane\/propylene inventories increased by 3.9 million barrels<\/span><\/strong> week-over-week and are 11% above the five-year average for this time of year<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-67.png\" alt=\"\" class=\"wp-image-18129\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-67.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-67-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 67 cents per gallon on Friday of last week, down 5 cents per gallon week-over-week<\/span><\/strong> and down 8 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-68.png\" alt=\"\" class=\"wp-image-18130\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-68.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-68-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-68-768x395.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 7.5 million barrels <\/span><\/strong>during the week ending August 8, 2025.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.9 million barrels per day<\/span> <\/strong>during the week ending August 8, 2025<strong>, <span style=\"text-decoration: underline;\">increased by 958,000 barrels per day<\/span><\/strong> week-over-week. Over the past four weeks, <strong><span style=\"text-decoration: underline;\">crude oil imports averaged 6.2 million barrels per day<\/span><\/strong>, 5.1% less than the same four-week period last year. <strong><span style=\"text-decoration: underline;\">Total motor gasoline imports<\/span><\/strong> (including both finished gasoline and gasoline blending components) <strong><span style=\"text-decoration: underline;\">averaged 632,000 barrels per day, and distillate fuel imports averaged 107,000 barrels per day<\/span> <\/strong>during the week ending August 8, 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=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-69.png\" alt=\"\" class=\"wp-image-18131\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-69.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-69-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-69-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil exports averaged 3.577 million barrels per day<\/span><\/strong> during the week ending August 8, 2025, an increase of 259,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.362 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-70.png\" alt=\"\" class=\"wp-image-18132\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-70.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-70-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-70-768x395.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 17.2 million barrels per day<\/span><\/strong> during the week ending August 8, 2025, which was 56,000 barrels per day more 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=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-61.png\" alt=\"\" class=\"wp-image-18120\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-61.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-61-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-61-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/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 $63, up 20 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\">Week Ending August 13, 2025:<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were up (+0.35%)<\/span><\/strong> in week 33, compared with the same week last year. Total carloads for the week ending August 13 were 321,780, down (-0.81%) compared with the same week in 2024, while weekly intermodal volume was 344,611, up (+1.45%) year over year.<\/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 decreases<\/span><\/strong>. The largest decrease came from Forest Products (-13.84%), while the largest increase was Motor Vehicles &amp; Parts (+10.00%).<\/p>\n\n\n\n<p>In the East,<strong> <\/strong><span style=\"text-decoration: underline;\"><strong>CSX\u2019s total volumes were up (+1.02%)<\/strong>,<\/span> with the largest decrease coming from Grain (-24.08%), while the largest increase came from Intermodal Units (+5.79%). <span style=\"text-decoration: underline;\"><strong>NS\u2019s volumes were up (+3.69%)<\/strong>,<\/span> with the largest increase coming from Petroleum &amp; Petroleum Products (+39.69%), while the largest decrease came from Grain (-13.14%).<\/p>\n\n\n\n<p>In the West,<strong> <\/strong><span style=\"text-decoration: underline;\"><strong>BNSF\u2019s total volumes were up (+3.79%<\/strong>)<\/span>, with the largest increase coming from Motor Vehicles &amp; Parts (+23.61%), while the largest decrease came from Chemicals (-16.30%). <strong><span style=\"text-decoration: underline;\">UP\u2019s total rail volumes were down (-0.58%)<\/span><\/strong>, with the largest increase coming from Metallic Ores &amp; Metals (+24.20%), while the largest decrease came from Other (-16.85%).<\/p>\n\n\n\n<p class=\"has-text-align-left\">In Canada, <span style=\"text-decoration: underline;\"><strong>CN\u2019s total rail volumes were down (-2.80%)<\/strong>,<\/span> with the largest increase coming from Grain (+37.75%), while the largest decrease came from Other (-11.93%). <strong><span style=\"text-decoration: underline;\">CPKCS\u2019s rail volumes were down (-21.07%)<\/span><\/strong>, with the largest increase coming from Coal (+31.41%), while the largest decrease came from Forest Products (-66.42%).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><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 3 rigs week-over-week. The US rig count was flat week-over-week, but down by -47 rigs year-over-year<\/span><\/strong>. The US currently has 539 active rigs. <strong><span style=\"text-decoration: underline;\">Canada&#8217;s rig count was up 3 rigs week-over-week, but down by -34 rigs year-over-year<\/span><\/strong>. Canada currently has 183 active rigs. Overall, year-over-year we are down by -81 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\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"221\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-71.png\" alt=\"\" class=\"wp-image-18138\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-71.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-71-300x85.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-71-768x218.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-72.png\" style=\"border: 1px solid #555;\" alt=\"\" class=\"wp-image-18139\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-72.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/08\/image-72-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n\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 rose to 27,841 from 28,164, which was a decrease of -323 rail cars week-over-week.\u00a0 Canadian volumes were mixed.<\/span> <\/strong>CPKC\u2019s shipments were higher by +4.0% week over week, CN\u2019s volumes were up down -10.0% week-over-week. <strong><span style=\"text-decoration: underline;\">U.S. shipments were also mixed<\/span>.<\/strong>\u00a0 The BN was the sole decliner and was down by -14.0%. The NS had the largest percentage increase and was up by +8.0%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Intermodal Networks&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p>Our ports once predictable have shown extreme divergence. The North American intermodal landscape seems stable. Transatlantic routes are seeing volatility affecting East Coast operations.&nbsp; Meanwhile, the U.S. &#8211; Mexico corridor is experiencing a boom in efficiency and new service offerings..<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>East Coast Headwinds from European Port Congestion<\/em><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Persistent operational issues at Europe\u2019s primary container gateways at Rotterdam, Hamburg, and Antwerp, are creating a ripple effect that has reached North American shores.<\/span> <\/strong>Chronic underinvestment, labor disruptions, and inland bottlenecks are causing &#8220;vessel bunching,&#8221; where ships arrive at U.S. and Canadian East Coast ports in unpredictable, concentrated waves.&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Direct Network Impact:<\/strong> This volatility is creating surges at key ports like NY\/NJ and Savannah, stressing major rail corridors to inland hubs like Chicago and Memphis.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Equipment Dislocation:<\/strong> The most significant consequence for inland rail is the disruption to equipment cycles. Delayed vessels and congested ports slow the return of containers and chassis, creating shortages at critical inland terminals.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Shipper Reality:<\/strong> The traditional just-in-time model for European-origin cargo is no longer reliable. Shippers are building\u00a0buffer inventory to account for unpredictable transit times.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong><em>New Americold-CPKC Hub Anchors U.S.-Mexico Cold Chain<\/em><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Americold and Canadian Pacific Kansas City (CPKC) celebrated the grand opening of a new $120+ million temperature-controlled import-export hub in Kansas City on Tuesday of last week<\/span>. <\/strong>The 335,000-square-foot facility is an anchor for the\u00a0 <strong>Mexico Midwest Express (MMX)<\/strong>, North America&#8217;s only single-line rail service for refrigerated goods between the U.S. and Mexico.\u00a0\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strategic Importance:<\/strong> This is Americold&#8217;s first facility on the CPKC network and is described by CPKC&#8217;s CEO as &#8220;the first of many across our unrivaled North American network.&#8221; It solidifies Kansas City&#8217;s role as a key logistics hub for cross-border food and beverage supply chains.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Shipper Benefits:<\/strong> The hub is designed to streamline the cold chain by offering on-site USDA inspections to circumvent potential border delays and handling containers exceeding 50,000 pounds, reducing highway congestion.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Market Impact:<\/strong> Expected to create nearly 190 new jobs, the facility is a tangible result of the increased efficiency and faster transit times being offered on the CPKC network, which has seen some intermodal volumes grow at twice the market rate.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>This investment provides a clear signal to <strong>shippers of temperature-controlled goods<\/strong> that the U.S.-Mexico rail corridor is a rapidly maturing and viable alternative to long-haul trucking. For <strong>railcar owners and lessors<\/strong>, the development of this and future hubs will create sustained demand for refrigerated and other specialized railcars to service the growing, high-value, cross-border food trade.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching the Booming Carload Sector<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The carload segment is poised for a period of sustained growth<\/span>, <\/strong>anchored by a massive expansion in the Permian Basin. This opportunity, however, is unfolding in a new era of <strong><span style=\"text-decoration: underline;\">heightened regulatory pressure<\/span> <\/strong>focused on the very commodities\u2014petrochemicals and hazardous materials\u2014that are central to this growth.<\/p>\n\n\n\n<p><strong><em>Permian Expansion Signals Long-Term Demand<\/em><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Billions of dollars in new energy infrastructure are set to create a structural, long-term demand driver for carload rail, particularly for covered hoppers and tank cars.<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Upstream Catalyst:<\/strong> Enterprise Products Partners&#8217; <strong>$580 million acquisition<\/strong> from Occidental Petroleum secures the feedstock for a new wave of natural gas processing plants.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Massive New Capacity:<\/strong> The new Athena plant, slated to come online in late 2026, is part of a larger build-out that will significantly increase the region&#8217;s capacity to produce Natural Gas Liquids (NGLs).&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Downstream Rail Demand:<\/strong> While pipelines move raw gas and NGLs to the Gulf Coast, <strong>rail is the essential mode<\/strong> for transporting the finished products. Petrochemical plants &#8220;crack&#8221; gas into high-value plastic pellets (moved in covered hoppers) and liquid chemicals or NGLs (moved in tank cars) for domestic use and export.<\/li>\n<\/ul>\n\n\n\n<p>The build-out solidifies the Gulf Coast&#8217;s role as a global hub, creating opportunities for <strong>traders<\/strong> in logistics infrastructure, such as transload and storage facilities, that will be needed to connect the new production to the rail network.\u00a0\u00a0<\/p>\n\n\n\n<p><strong><em>Regulatory Pressure Intensifies After Hazmat Derailment<\/em><\/strong><\/p>\n\n\n\n<p>The growth in petrochemical carloads is happening under an increasingly watchful regulatory eye. A recent derailment in Texas has amplified the pressure on both railroads and shippers to enhance safety protocols.&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New Federal Rules:<\/strong> The U.S. is implementing new mandates, including a PHMSA rule requiring real-time, electronic train consist information for first responders. While the original compliance deadline for Class I railroads was June 24, 2025, federal regulators have granted a one-year period of \u201cenforcement discretion\u201d due to implementation challenges, effectively pushing the compliance deadline to June 24, 2026.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Sweeping Legislation Proposed:<\/strong> Congress is considering the Railway Safety Act of 2025, which proposes mandates for wayside defect detectors, two-person crews, and stricter inspection protocols.&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Shared Responsibility:<\/strong> The regulatory focus makes it clear that safety is a shared burden. Shippers who own or lease their own fleets are under increasing pressure to ensure their railcars are meticulously maintained and <strong>&#8220;inspection-ready&#8221;<\/strong> at all times.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>This new regulatory landscape elevates the importance of fleet quality. <strong>Well-maintained, modern railcars<\/strong> that meet the latest safety standards will command a premium, and owners should see this as a moment to audit fleets and invest in upgrades. For <strong>hazmat shippers<\/strong>, proactive maintenance is now a critical component of risk management, as a failure to keep a private fleet compliant will result in operational downtime, higher costs, and increased liability. It seems to us that the costs of rail and moving product around is going to get more expensive as time goes on, cutting into shippers&#8217; bottom lines that will have to be passed onto the end user resulting in even more inflation!&nbsp; Stay tuned to PFL, we are watching this one.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching the Return of Venezuelan Crude and NGL\u2019s<\/em><\/strong><\/h4>\n\n\n\n<p><strong><em>Shifting Spreads and Competing Supply<\/em><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The market for petroleum-related rail movements is facing a complex set of new variables<\/span>. <\/strong>The return of Venezuelan crude to the U.S. Gulf Coast is set to reshape heavy crude logistics, while NGL markets are showing a clear divergence between a bearish outlook for propane and firm demand for ethylene.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Venezuelan Crude Returns, Pressuring Rail Economics<\/span>. <\/strong>The reinstatement of Chevron&#8217;s waiver to import Venezuelan crude marks the beginning of the end of a tight spell for heavy sour feedstocks on the Gulf Coast. This offers a direct, waterborne competitor to Canadian heavy crude delivered by rail. During the import hiatus, the discount for Western Canadian Select (WCS) crude narrowed significantly, but this trend could now reverse. The latest data shows mixed petroleum carload volumes from Canada, both CN flows\u00a0 and CPKC are down as pricing spreads make long-haul unviable (aside from undiluted bitumen that cannot move on pipelines.)\u00a0 As it stands now Canadian imports are at multi-year lows.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>NGL Export Markets in the short term are impacting <\/strong>pressure car demand\u00a0 &#8211; NGL markets are sending mixed signals for tank car demand. <strong><span style=\"text-decoration: underline;\">Propane prices at Mont Belvieu hit a 10-month low last week,<\/span> <\/strong>weighed down by a bearish export outlook and a weak arbitrage to Asia. Export volumes saw a significant sequential decline in the week ending August 8, suggesting softer demand for pressurized railcars moving product to coastal terminals. In contrast, <strong>ethylene export demand<\/strong> remains firm, driven by strong buying from Europe, which has now displaced Asia as the primary destination for U.S. exports. This should support continued demand for specialized ethylene tank cars.\u00a0\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching North Americas Labor Outlook:<\/em><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>&nbsp;<\/em><\/strong><strong><em>Stability in the U.S., Uncertainty in Canada<\/em><\/strong><\/h4>\n\n\n\n<p>The 2025 collective bargaining round presents a stark contrast between the U.S. and Canada, creating different risk profiles for shippers with cross-border supply chains.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. Progress:<\/strong> In the U.S., nine of the twelve major rail unions have already ratified national &#8220;pattern agreements,&#8221; delivering an <strong>18.8% wage increase<\/strong> over five years and enhanced benefits, largely without third-party intervention.<\/li>\n\n\n\n<li><strong>Canadian Contention:<\/strong> In Canada, negotiations broke down, leading to a lockout and federal intervention. A new contract is now being decided by a third-party arbitrator, a move the union is challenging in court.<\/li>\n<\/ul>\n\n\n\n<p>The key takeaway for all stakeholders is the divergent risk profile. The <strong>low risk of a major U.S. rail strike<\/strong> provides a stable outlook for domestic network planning. In contrast, the Canadian situation, while stable for now due to binding arbitration, remains more volatile. The union&#8217;s legal challenge to government intervention signals underlying tensions that could pose a <strong>long-term risk for cross-border supply chains<\/strong>.<br><br><br><\/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<p class=\"has-text-align-center\"><strong>Producer Price Index<\/strong><\/p>\n\n\n\n<p>In July, <strong><span style=\"text-decoration: underline;\">the PPI for final demand rose 0.9%<\/span><\/strong> m\/m after being flat in June, and increased 3.3% y\/y. Core PPI (final demand less foods, energy, and trade services) rose 0.6% m\/m and 2.8% y\/y. The monthly increase was led by services (+1.1%), including a 2.0% rise in trade margins; transportation and warehousing rose 0.9\u20131.0%, and services excluding trade, transportation, and warehousing were up 0.7%. Goods prices advanced 0.7%, including +1.4% for foods, +0.9% for energy, and +0.4% for goods excluding food and energy. Gasoline fell 1.8% on the month.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The CPI increased 0.2% m\/m in July<\/span> <\/strong>(seasonally adjusted), after 0.3% in June. Over the past 12 months, the all-items index rose 2.7% y\/y (not seasonally adjusted). Core CPI (all items less food and energy) rose 0.3% m\/m and 3.1% y\/y. Within the month, shelter +0.2% and was the primary driver; food was unchanged (food at home \u22120.1%, food away from home +0.3%); energy \u22121.1% with gasoline \u22122.2%, electricity \u22120.1%, and natural gas \u22120.9%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcESubYL16jsn2GUgx0aNKwMyqzgwTB8yVRRA1mr3dY1n2Hkaq3KFYknRamOQJGFRSN3XuyyAAr06nBOxYO25c6ORXcGRUikFrYPEvf_KriOFe0exARa1KQh44SK4xRz6o7V5jMcw?key=uue5ak4QmTblqcBu1UxhgQ\" alt=\"\"\/><\/figure>\n<\/div>\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>&#8220;The good life is a process, not a state of being. It is a direction not a destination.&#8221; &#8211; Carl Rogers Jobs Update \u2022 Initial jobless claims seasonally adjusted for the week ending August 9, 2025, came in at 224,000, down 3,000 people week over week. \u2022 Continuing jobless claims came in at 1,953,000, versus [&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-18104","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 17, 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-8-18-2025\/\" \/>\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=\"18 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-18-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-18-2025\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"PFL Railcar Report 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