{"id":19408,"date":"2026-01-11T15:12:59","date_gmt":"2026-01-11T20:12:59","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=19408"},"modified":"2026-01-12T07:48:04","modified_gmt":"2026-01-12T12:48:04","slug":"pfl-railcar-report-1-12-2026","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/","title":{"rendered":"PFL Railcar Report 1-12-2026"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><strong><strong><em><strong><em><strong><em>\u201cDiscipline is choosing what you want most over what you want now.\u201d &#8211; Unknown Author<\/em><\/strong><br><\/em><\/strong><\/em><\/strong><\/strong><\/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<p class=\"has-text-align-center\"><strong><span style=\"text-decoration: underline;\">Jobs Update<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">Initial jobless claims seasonally adjusted for the week ending January 3, 2026, came in at 208,000<\/span><\/strong>, versus the adjusted number of 200,000 people from the week prior, up 8,000 people week over week.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-15.png\" alt=\"\" class=\"wp-image-19411\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-15.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-15-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"text-decoration: underline;\">&nbsp;<strong>Continuing jobless claims came in at 1,914,000<\/strong><\/span>, versus the adjusted number of 1,858,000 people from the week prior, up 56,000 week-over-week.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-16.png\" alt=\"\" class=\"wp-image-19412\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-16.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-16-300x161.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>Stocks closed higher on Friday of last week and higher week-over-week<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The DOW closed higher on Friday of last week, up 237.96 points (0.48%), closing out the week at 49,504.07<\/span>, <\/strong>up 1,121.68 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed higher on Friday of last week, up 44.82 points (0.65%), and closed out the week at 6,966.28<\/span>, <\/strong>up 107.81 points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed higher on Friday of last week, up 191.33 points (0.81%), and closed out the week at 23,671.35<\/span>, <\/strong>up 435.72 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 49,373 this morning, down 353 points from Friday\u2019s close.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Crude oil closed higher on Friday of last week and higher week-over-week<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">West Texas Intermediate (WTI) crude closed up $1.36 per barrel (2.35%), to close at $59.12<\/span> <\/strong>on Friday of last week, up $1.80 cents per barrel week-over-week. <strong><span style=\"text-decoration: underline;\">Brent crude closed up $1.35 per barrel<\/span><\/strong> (2.18%), to close at $63.34, up $2.59&nbsp; per barrel week-over-week.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.oneexchangecorp.com\/\"><strong>One Exchange WCS<\/strong><\/a> <span style=\"text-decoration: underline;\"><strong>(Western Canadian Select) for February delivery settled on Friday of last week at US$14.75&nbsp; below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average)<\/strong>.<\/span> The implied value was US$42.85 per barrel.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. commercial crude oil inventories<\/span><\/strong> (excluding those in the Strategic Petroleum Reserve) <strong><span style=\"text-decoration: underline;\">decreased by 3.8 million barrels<\/span><\/strong> week-over-week. At 419.1 million barrels, <strong><span style=\"text-decoration: underline;\">U.S. crude oil inventories are 3% below the five-year average for this time of year.<\/span><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-17.png\" alt=\"\" class=\"wp-image-19413\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-17.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-17-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-17-768x395.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 increased by 7.7 million barrels<\/span><\/strong> week-over-week and are 3% above the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-18.png\" alt=\"\" class=\"wp-image-19414\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-18.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-18-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-18-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Distillate fuel inventories increased by 5.6 million barrels<\/span><\/strong> week-over-week and are 3% 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\/2026\/01\/image-19.png\" alt=\"\" class=\"wp-image-19415\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-19.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-19-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-19-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane\/propylene inventories decreased 2.2 million barrels<\/span><\/strong> week\u2013over-week and are 29% above the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-20.png\" alt=\"\" class=\"wp-image-19416\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-20.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-20-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-20-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Propane prices closed at 61.3 cents per gallon on Friday of last week, down 1.1 cents per gallon week-over-week<\/span><\/strong>, and down 25.5 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\/2026\/01\/image-21.png\" alt=\"\" class=\"wp-image-19417\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-21.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-21-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-21-768x395.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 8.1 million barrels<\/span> <\/strong>week-over-week, during the week ending January 2, 2026.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.3 million barrels per day<\/span> <\/strong>during the week ending January 2, 2026<strong>, <span style=\"text-decoration: underline;\">an increase of 1.4 million barrels per day<\/span><\/strong> week-over-week. Over the past four weeks, <strong><span style=\"text-decoration: underline;\">crude oil imports averaged 6 million barrels per day<\/span><\/strong>, 9.7% 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 549,000 barrels per day, and distillate fuel imports averaged 207,000 barrels per day<\/span> <\/strong>during the week ending January 2, 2026.<\/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\/2026\/01\/image-22.png\" alt=\"\" class=\"wp-image-19418\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-22.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-22-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-22-768x395.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 4.263 million barrels per day during the week ending January 7, 2026<\/span><\/strong>, an increase of 823,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.996 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\/2026\/01\/image-23.png\" alt=\"\" class=\"wp-image-19419\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-23.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-23-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-23-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\"><strong><strong>U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 2, 2026, which was 62,000 barrels per day more week-over-week.<\/strong><\/strong><\/span><\/strong><\/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\/2026\/01\/image-24.png\" alt=\"\" class=\"wp-image-19420\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-24.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-24-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-24-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\"><strong><strong><span style=\"text-decoration: underline;\"><strong><strong><strong>WTI futures are poised to open at $58.57, down $0.55 from Friday\u2019s close.<\/strong><\/strong><\/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<h4 class=\"wp-block-heading has-text-align-center\"><strong>Week Ending January 7, 2026<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were up (+1.99%) in week 2, compared with the same week last year<\/span>.<\/strong> Total Carloads for the week ending January 7, 2026 were 284,761, up (+4.38%) compared with the same week in 2024, while weekly Intermodal volume was 255,363, down (-0.54%) year over year. 5 of the AAR\u2019s 11 major traffic categories posted year-over-year decreases. The largest decrease came from Motor Vehicles and Parts (-28.19%), while the largest increase was Coal (+23.56%).<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In the East, CSX\u2019s total volumes were up (+3.78%),<\/span><\/strong> with the largest decrease coming from Motor Vehicles and Parts (-35.24%), while the largest increase came from Grain (+36.10%). <strong><span style=\"text-decoration: underline;\">NS\u2019s total volumes were up (+0.50%),<\/span><\/strong> with the largest increase coming from Petroleum &amp; Petroleum Products (+50.54%), while the largest decrease came from Motor Vehicles and Parts (-31.61%).<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In the West, BNSF\u2019s total volumes were up (+6.16%)<\/span>,<\/strong> with the largest increase coming from Grain (+23.00%), while the largest decrease came from Motor Vehicles and Parts (-22.50%). <strong><span style=\"text-decoration: underline;\">UP\u2019s total volumes were up (+1.50%)<\/span>,<\/strong> with the largest increase coming from Coal (+25.94%), while the largest decrease came from Motor Vehicles and Parts (-18.73%).<\/p>\n\n\n\n<p class=\"has-text-align-left\"><span style=\"text-decoration: underline;\"><strong>In Canada<\/strong>, <strong>CN\u2019s total volumes were down (-1.93%)<\/strong><\/span><strong>,<\/strong> with the largest increase coming from Grain (+69.94%), while the largest decrease came from Motor Vehicles and Parts (-38.13%). <strong><span style=\"text-decoration: underline;\">CPKCS\u2019s total volumes were down (-9.03%)<\/span>,<\/strong> with the largest increase coming from Coal (+62.52%), while the largest decrease came from Forest Products (-55.67%).<\/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\" id=\"north-american-rig-count-summary\"><u><strong>North American Rig Count Summary<\/strong><\/u><\/h4>\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 +94 rigs week-over-week. The U.S. rig count was down by -2 rigs week-over-week, and down by -40 rigs year-over-year<\/span>.<\/strong> The U.S. currently has 544 active rigs. <strong><span style=\"text-decoration: underline;\">Canada&#8217;s rig count was up by +96 rigs week-over-week, but down by -19 rigs year-over-year.<\/span><\/strong> Canada currently has 197 active rigs. Overall, year-over-year we are down by -59 rigs collectively.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"751\" height=\"241\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-26.png\" alt=\"\" class=\"wp-image-19422\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-26.png 751w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-26-300x96.png 300w\" sizes=\"auto, (max-width: 751px) 100vw, 751px\" \/><\/figure>\n<\/div>\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\/2026\/01\/image-25.png\" alt=\"\" class=\"wp-image-19421\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-25.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-25-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-25-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We are watching a few things out there for you:<\/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 28,391 from 29,082, which was a decrease of -691 rail cars week-over-week. Canadian volumes were higher<\/span>. <\/strong>CPKC\u2019s shipments were higher by +9.0% week-over-week, CN\u2019s volumes were higher by +8.0% week-over-week. <strong><span style=\"text-decoration: underline;\">U.S. shipments were mostly higher<\/span><\/strong>. The NS had the largest percentage increase and was up by +22.0%. The BNSF was the sole decliner and was down by -3.0%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Geopolitical Oil Risk&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Crude markets face renewed supply uncertainty last week as large-scale protests continued in Iran last week affecting its economy and the energy sector<\/span>.<\/strong> Large demonstrations -the most significant since 2009 &#8211; have forced shutdowns of petrochemical plants due to gas supply shortages, and the Iranian Rial has collapsed to record lows at 1.47 million to the dollar.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">President Trump issued direct warnings that the Iranian regime will &#8220;pay hell&#8221; if protesters are killed, injecting geopolitical risk premium into the market<\/span>.<\/strong> With Iran producing more than three million barrels per day, disruption concerns are legitimate. Options market trading in crude futures shows call skew at its highest level since June, indicating traders are actively hedging against sudden price spikes.&nbsp;<\/p>\n\n\n\n<p>\u200b<strong><span style=\"text-decoration: underline;\">West Texas Intermediate closed the week at $59.12 per barrel, up $1.80 from the prior week and Brent futures closed over $63 per barrel on the back of the continued pretests<\/span>.<\/strong> Geopolitical volatility sustains the premium valuations currently embedded in long-haul transportation rates, particularly on longer-duration Canadian crude movements where hedging via alternative logistics gains value during uncertain periods.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching the SPR<\/em><\/strong><\/h4>\n\n\n\n<p>The Trump Administration is pursuing an unconventional path to replenish the Strategic Petroleum Reserve without direct congressional appropriations. At the Goldman Sachs Energy Conference on Tuesday of last week<strong>, <\/strong><span style=\"text-decoration: underline;\"><strong>U.S. Energy Secretary Chris Wright disclosed plans to negotiate deals with private oil companies that would generate crude barrels and route them into SPR storage without requiring any government cash outlay<\/strong>.<\/span><\/p>\n\n\n\n<p class=\"has-text-align-left\">The current SPR holds approximately 401 million barrels &#8211; roughly 60 percent of designed capacity.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-29-1024x593.png\" alt=\"\" class=\"wp-image-19429\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-29-1024x593.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-29-300x174.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-29-768x445.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-29.png 1391w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Achieving Trump&#8217;s stated goal of filling the reserve &#8220;right to the top&#8221; would require acquiring an additional 280 million barrels, at an estimated cost exceeding $16 billion at current market prices<\/span>. <\/strong>The administration indicated that additional details regarding the oil acquisition program will be released within the next year.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>A SPR Reserve in Freeport, Texas<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"938\" height=\"703\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-30.png\" alt=\"\" class=\"wp-image-19430\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-30.png 938w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-30-300x225.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-30-768x576.png 768w\" sizes=\"auto, (max-width: 938px) 100vw, 938px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>Source: EIA \u2013 PFL Analytics<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The Treasury has one formal mechanism already in motion<\/span>: <\/strong>Congress allocated $171 million last year (a reduction from an initial $1.3 billion proposal) to purchase crude for SPR. Additionally, oil companies have committed to returning 13 million barrels of long-term crude loans to the SPR by year-end. These routine purchases alone will bring SPR levels up only modestly, leaving the reserve at approximately 60 percent capacity even after all current commitments are fulfilled.<\/p>\n\n\n\n<p>The administration&#8217;s preference for &#8220;creative&#8221; structures echoes historical precedent. Former President George W. Bush in 2001 created a royalty-in-kind program where U.S. Gulf producers paid government royalties in the form of oil delivered directly to SPR. That program operated until 2009 when the Department of Energy identified improper relationships between program staff and oil industry employees. <strong><span style=\"text-decoration: underline;\">The Trump Administration&#8217;s model will likely differ in structure, but serves the same objective: bypassing appropriations gridlock while increasing strategic inventory.<\/span><\/strong><\/p>\n\n\n\n<p>SPR refill activity, regardless of mechanism, supports sustained demand for crude logistics and potentially incentivizes new crude-by-rail movements if producers take advantage of favorable pricing windows to book SPR deliveries.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Alberta<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Alberta last week launched a centralized project hub tied to a proposed oil pipeline to Canada&#8217;s northwest coast, signaling renewed provincial interest in export diversification beyond existing U.S.-bound infrastructure.<\/span><\/strong> The hub&#8217;s stated objective is to align early technical work and move toward a formal federal project submission by mid-2026.<\/p>\n\n\n\n<p>Critical caveats accompany the announcement. <strong><span style=\"text-decoration: underline;\">There is no approved route, no construction start date, and no committed shipper volumes.<\/span><\/strong> The initiative is structured as private-sector-led with the government playing a facilitation role rather than a capital provider or operator. Projects of this scale and regulatory complexity involving Indigenous consultation, environmental review, potential court challenges, and multi-year permitting routinely require a decade or longer to advance from the conceptual stage to operation.<\/p>\n\n\n\n<p>The pipeline&#8217;s strategic logic is compelling. Western Canadian crude production continues to grow alongside recent pipeline expansions, however takeaway capacity relative to production tightens quickly when crude prices strengthen or refining demand rebounds. Existing systems run at full capacity faster than expected, exposing producers to pricing discounts and logistics congestion risk. A northwest coast pipeline would eventually provide a direct outlet to Pacific refining centers and Asian markets, reducing reliance on a single export path and enhancing producer optionality.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>The multi-year lag between project initiation and operation directly sustains crude-by-rail demand.<\/strong> <\/span>Historical precedent demonstrates that when pipeline capacity lags production growth, rail volumes do not vanish; they remain steady or increase as shippers seek flexibility and market access. <strong><span style=\"text-decoration: underline;\">Canadian Producers have shown they do not slow crude output while infrastructure sits in planning stages. Instead, storage, staging, and rail movements become strategic tools, not backup plans.<\/span><\/strong> During the pipeline&#8217;s approval and construction timeline, rail remains the only transportation mode capable of scaling quickly (subject to rail car availability) without new environmental or regulatory permits.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>At least for now, from a U.S. perspective, the extended infrastructure timeline in Alberta supports continued cross-border crude rail movements into U.S. Gulf Coast and Midwest refineries<\/strong>.<\/span>&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Crude Transportation Rates<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Petroleum Transportation rates remained relatively stable last week, with modest pressure from lower crude prices balancing against supply tightness in select regions.<\/span><\/strong><\/p>\n\n\n\n<p>Canadian Crude-by-Rail: Rates from Alberta to the U.S. Gulf Coast held steady at $15.39 per barrel, unchanged week over week, indicating stable logistics costs despite near-term price volatility. <strong><span style=\"text-decoration: underline;\">Western Canadian Select crude at Hardisty posted a $14.75 per barrel discount to CMA Nymex, approximately $2.35 wider than a month earlier.<\/span><\/strong> This discount widening reflects tightening pipeline capacity from Alberta combined with seasonal demand softness coupled with higher production possibly creating opportunities for producers to examine rail optionality when price differentials favor incremental transportation cost.<\/p>\n\n\n\n<p>Trans Mountain Pipeline and Pacific Movements: <strong><span style=\"text-decoration: underline;\">The 890,000 barrel-per-day Trans Mountain system accepted all January nominations from shippers, yet the expanded system continues to operate below full capacity<\/span><\/strong>. Market participants noted softer demand from Asia-Pacific for Canadian heavy crude during the January trading cycle, partly reflecting the absence of major Shandong refiner Yulong, which has ceased operations. Yulong previously purchased three to five cargo lots of the approximately 25 heavy crude shipments exported monthly.<\/p>\n\n\n\n<p>Refined Products and Market Structure: U.S. Gulf Coast medium-range tanker spot rates rose to their highest level in over one month following the holiday season, as market participants positioned for Q1 maintenance season within the Gulf refining complex. U.S. Gulf Coast refinery utilization reached 98.6 percent on January 2nd- the highest level since June 2023 &#8211; but historical data indicate utilization typically drops 20 percentage points between early and late February as seasonal maintenance begins.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Trans-Pacific Container Shipping<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Container rates on major trans-Pacific trade lanes strengthened significantly last week<\/span>, <\/strong>with carriers&#8217; general rate increases taking effect and pre-Lunar New Year demand supporting pricing resilience.<\/p>\n\n\n\n<p>Eastbound trans-Pacific rates (China-U.S. West Coast) increased 22%to $2,617 per forty-foot equivalent unit and are now more than 30%higher than mid-December levels. <strong><span style=\"text-decoration: underline;\">East Coast rates climbed 12% to $3,757 per FEU after a 20% gain month over month.<\/span><\/strong><\/p>\n\n\n\n<p>The rate recovery reflects shippers positioning inventory ahead of the Lunar New Year holiday in mid-February, when Chinese factories close for several weeks. Unlike several general rate increase attempts during Q4 of 2025, which subsequently retreated as the market tested pricing, <strong><span style=\"text-decoration: underline;\">current GRI levels have held firm, suggesting that underlying demand is supporting higher rate structure.<\/span><\/strong><\/p>\n\n\n\n<p>Asia-Europe and Asia-Mediterranean rates also posted significant gains, with Mediterranean prices increasing 20 percent to $4,800 per FEU and rising 23 to 45 percent since mid-December. While ample retail inventories in the U.S. are expected to temper January volumes approximately 10% below year-ago levels, ongoing capacity additions among ocean carriers are forecast to weaken trans-Pacific rates year-on-year, despite seasonal strength.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We are Watching the STB<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In a significant deregulation move, the Surface Transportation Board announced on Thursday of last week a proposed rulemaking that would fundamentally reshape rail competition and shipper access<\/span>. <\/strong>The unanimous decision calls for repealing 49 C.F.R. part 1144, which has governed reciprocal switching restrictions since 2001.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The current framework has proven exceptionally rigid<\/span>.<\/strong> Under existing regulations, no rail customer has ever successfully obtained reciprocal switching, a stark indicator that regulatory barriers have effectively blocked competitive options. The proposed NPRM would replace prescriptive rules with case-by-case STB review, allowing shippers to petition for access to secondary carriers at nearby rail interchange points where geographic or operational feasibility exists.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">STB Chairman Patrick Fuchs framed the initiative as alignment with statutory intent and market principles:<\/span> <\/strong>&#8220;This proposal would embrace market forces, enable meaningful choice for American businesses as provided under the statutes, and eliminate regulatory barriers unnecessarily stifling rail competition.&#8221; The rule change flows from the Department of Justice&#8217;s Anticompetitive Regulations Task Force, established in March 2025 following Executive Order 14192.<\/p>\n\n\n\n<p>\u200bThe American Chemistry Council, a major freight shipper constituency, strongly praised the proposal. ACC officials noted that reciprocal switching provides captive shippers &#8211; those served by a single railroad with no practical alternative &#8211; access to competitive service options at interchanges. The council explicitly stated that current restrictions have &#8220;failed&#8221; and that case-specific review offers genuine competitive relief.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Comment periods are tight. Interested parties must submit comments by March 10th and reply comments by April 24th. If reciprocal switching becomes viable, shippers gain leverage to negotiate alternative routing for refined products and specialty chemicals, potentially fragmenting long-haul unit train movements into smaller, multi-carrier shipments.<\/span> <\/strong>Simultaneously, expanded competitive access may pressure per-car lease rates on commodity routes while supporting premium pricing on specialized services where single-carrier operation remains optimal.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Canadian Grain&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Canadian National reported on Thursday of last week that December 2025 grain movements set a new monthly record, continuing an unprecedented streak<\/span>. <\/strong>CN transported 2.82 million metric tonnes of grain from Western Canada in December alone, exceeding the previous December 2020 record by 80,000 tonnes.<\/p>\n\n\n\n<p>The full-year 2025 performance was equally noteworthy. <strong><span style=\"text-decoration: underline;\">CN moved 31.3 million metric tonnes from Western Canada during 2025, surpassing the previous annual record.<\/span><\/strong> When including Eastern Canadian grain, CN&#8217;s total 2025 grain movement reached 32.7 million metric tonnes, breaking 2024&#8217;s previous all-time record of 32.25 million tonnes.&nbsp;<\/p>\n\n\n\n<p>The streak represents four consecutive monthly records and reflects robust harvest conditions, strong export demand, and improved rail operating efficiency. <strong><span style=\"text-decoration: underline;\">The performance highlights the resilience of rail logistics during periods of sustained commodity supply and export opportunity, contrasting with the softer intermodal and automotive environments that pressured overall traffic in late 2025.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching the Howard Street Tunnel&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">CSX announced on January 9th the completion of final paving on the Guilford Avenue Bridge in Baltimore, marking a major milestone in the Howard Street Tunnel modernization project.<\/span> <\/strong>The historic tunnel, originally constructed in 1895, has been the bottleneck limiting East Coast double-stack intermodal train movements for decades.\u200b<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">CSX finished the tunnel expansion itself in September 2025<\/span>. <\/strong>The bridge paving work immediately following completion eliminated a critical height constraint. The expanded vertical clearance now permits double-stack intermodal trains to transit the tunnel smoothly, dramatically improving freight efficiency for the Port of Baltimore, regional intermodal operators, and shippers requiring East Coast rail access.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Howard Street Tunnel<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"542\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-31.png\" alt=\"\" class=\"wp-image-19431\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-31.png 975w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-31-300x167.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-31-768x427.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>Source: CSX &#8211; PFL Analytics<\/strong><\/p>\n\n\n\n<p>The phased completion strategy &#8220;allowed us to avoid major disruptions and keep the project on track for the community and our customers.&#8221; <strong><span style=\"text-decoration: underline;\">The infrastructure investment positions Baltimore as a more competitive gateway for international container movements and domestic intermodal service relative to competing East Coast ports and rail hubs.<\/span><\/strong><\/p>\n\n\n\n<p>\u200bAdditionally, CSX was named to the CDP &#8220;A&#8221; List for climate leadership on January 9th, regaining its top climate disclosure score after two years at the B level. CSX is the only Class I railroad to earn this 2026 distinction, placing the company among global environmental leaders in governance and transparency.<\/p>\n\n\n\n<p>\u200bThe Howard Street milestone represents incremental capacity improvement for competing intermodal and automotive traffic, which can marginally reduce congestion and improve velocity on East Coast rail corridors. The primary impact is on containerized and automotive freight, rather than petroleum logistics, which predominantly flow via unit train and dedicated tank car corridors.<\/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>Unemployment Rate<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">On January 9, 2026, the BLS reported that a preliminary 50,000 net new jobs were created in December 2025<\/span><\/strong>. Figures for prior months remain weak, with job gains showing little net change over recent months.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>According to the BLS, 2025\u2019s net new job gains have totaled 584,000<\/strong>.<\/span> The official unemployment rate was 4.4% in December, down slightly month over month.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"420\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-27.png\" alt=\"\" class=\"wp-image-19423\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-27.png 800w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-27-300x158.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-27-768x403.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><strong>&nbsp;Purchasing Managers Index (PMI)<\/strong><\/p>\n\n\n\n<p>The Institute for Supply Management releases two PMI reports \u2013 one covering manufacturing and the other covering services. These reports are based on surveys of supply managers across the country and track changes in business activity. A reading above 50% on the index indicates expansion, while a reading below 50% signifies contraction, with a faster pace of change the farther the reading is from 50.<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">The Manufacturing PMI in December was 47.9%, down from 48.2% in November<\/span>.<\/strong> This <strong><span style=\"text-decoration: underline;\">remains in contraction<\/span><\/strong> territory, marking the tenth straight month below 50%. <strong><span style=\"text-decoration: underline;\">On the Services PMI side, the most recent reading is 54.4%<\/span><\/strong> (December), up from 52.6% in November, <strong><span style=\"text-decoration: underline;\">signaling continued expansion<\/span><\/strong> in the services sector.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"420\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-28.png\" alt=\"\" class=\"wp-image-19424\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-28.png 800w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-28-300x158.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-28-768x403.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><\/p>\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>10, 2500CF Open Top Hopper located off of UP or BN in Texas. For use in aggregate service. Period: 5 years. Need Rapid Discharge Doors.<\/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.<\/li>\n\n\n\n<li>30-50, 30K 117J Tank located off of NS or CSX in Northeast. For use in C5 service. Period: 1 year.<\/li>\n\n\n\n<li>60, 33K 340W Tank located off of BNSF in UT\/AZ. For use in Propane service. Period: Trip Lease.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Sales Bids<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>28, 3400CF Hopper Covered located off of UP BN in Texas. For use in Cement service.Cement Gates needed.<\/li>\n\n\n\n<li>20, 17K Tank DOT111 located off of various class 1s in various locations. For use in corn syrup service.<\/li>\n\n\n\n<li>120, Various Gondola Open-Top Aluminum Rotary located off of various class 1s in various locations. For use in Sulphur service.Built 2004 or later.<\/li>\n\n\n\n<li>30, 29K Tank DOT111 located off of various class 1s in Chicago. For use in Veg Oil service.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Offers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>100, 30K CPC1232 Tanks located off of UP or BN in Texas. Last used in Diesel.<\/li>\n\n\n\n<li>100, 30K DOT117J Tanks located off of UP or BN in Texas. Last used in Gasoline.<\/li>\n\n\n\n<li>100, 29K DOT117J Tanks located off of UP or BN in Texas. Last used in Gasoline. Coiled and Insulated.<\/li>\n\n\n\n<li>36, 6351 Covered Hopper located off of CN in Wisconsin. Last used in Grain. through 2\/27.<\/li>\n\n\n\n<li>29, 6580 Covered Hopper located off of CN in Wisconsin. Last used in Grain. through 2\/26.<\/li>\n\n\n\n<li>18, 6580 Covered Hopper located off of CN in Wisconsin. Last used in Grain. through 2\/27.<\/li>\n\n\n\n<li>9, 5400 Covered Hopper located off of CN in Wisconsin. Last used in Grain. through 2\/27.<\/li>\n\n\n\n<li>21, 6351 Covered Hopper located off of CN in Wisconsin. Last used in DDG. Available until February 2027.<\/li>\n\n\n\n<li>29, 6500 Covered Hopper located off of CN in Wisconsin. Last used in DDG. Available until February 2027.<\/li>\n\n\n\n<li>50, 5380 Covered Hopper located off of UP or BN in Houston. Last used in Fertilizer. Cars are currently clean. Available until February.<\/li>\n\n\n\n<li>50, 20K DOT117J Tank located off of All Class 1s in Moving. Last used in Styrene.<\/li>\n\n\n\n<li>29, 25.5K DOT117J Tank located off of UP or BN in Texas. Cars are currently clean. Cars are currently clean.<\/li>\n\n\n\n<li>90, 30K DOT117J Tank located off of UP or BN in Corpus Christie. Last used in Diesel.<\/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. End of Life.<\/li>\n\n\n\n<li>3, 50&#8242; Boxcar Plate Cs located off of various class 1s in multiple locations. End of Life.<\/li>\n\n\n\n<li>27, 50&#8242; Boxcar Plate Cs located off of various class 1s in PQ. End of Life.<\/li>\n\n\n\n<li>100, 3250 Covered Hoppers located off of various class 1s in multiple locations. Sand Cars.<\/li>\n\n\n\n<li>5, 2740 Mill Gondolas located off of various class 1s in NC. End of Life.<\/li>\n\n\n\n<li>1, 2260 Mill Gondolas located off of various class 1s in AL. End of Life.<\/li>\n\n\n\n<li>30, 2740 Mill Gondolas located off of various class 1s in multiple locations. End of Life.<\/li>\n\n\n\n<li>21, 2740 Mill Gondolas located off of various class 1s in WA. End of Life.<\/li>\n\n\n\n<li>9, 4750 Covered Hoppers located off of various class 1s in multiple locations. End of Life.<\/li>\n\n\n\n<li>5, 4750 Covered Hoppers located off of various class 1s in multiple locations. End of Life.<\/li>\n\n\n\n<li>50, 31.8K Tank CPC 1232s located off of UP or BN in TX. Requal Due in 2025.<\/li>\n\n\n\n<li>100, 4600CF Open Top Hoppers located off of BN or CSX in Southeast. N\/A.<\/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>\u201cDiscipline is choosing what you want most over what you want now.\u201d &#8211; Unknown Author Jobs Update Stocks closed higher on Friday of last week and higher week-over-week The DOW closed higher on Friday of last week, up 237.96 points (0.48%), closing out the week at 49,504.07, up 1,121.68 points week-over-week. The S&amp;P 500 closed [&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-19408","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 January 11, 2026<\/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-1-12-2026\/\" \/>\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-1-12-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"PFL Railcar Report 1-12-2026\",\"datePublished\":\"2026-01-11T20:12:59+00:00\",\"dateModified\":\"2026-01-12T12:48:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/\"},\"wordCount\":3654,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/#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-1-12-2026\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/\",\"name\":\"The PFL Railcar Market Report for January 11, 2026\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"datePublished\":\"2026-01-11T20:12:59+00:00\",\"dateModified\":\"2026-01-12T12:48:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-1-12-2026\\\/#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-1-12-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PFL Railcar Report 1-12-2026\"}]},{\"@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 January 11, 2026","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-1-12-2026\/","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-1-12-2026\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/"},"author":{"name":"guida","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d"},"headline":"PFL Railcar Report 1-12-2026","datePublished":"2026-01-11T20:12:59+00:00","dateModified":"2026-01-12T12:48:04+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/"},"wordCount":3654,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/#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-1-12-2026\/","url":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/","name":"The PFL Railcar Market Report for January 11, 2026","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","datePublished":"2026-01-11T20:12:59+00:00","dateModified":"2026-01-12T12:48:04+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-12-2026\/#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-1-12-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 1-12-2026"}]},{"@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\/19408","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=19408"}],"version-history":[{"count":11,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/19408\/revisions"}],"predecessor-version":[{"id":19445,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/19408\/revisions\/19445"}],"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=19408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=19408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=19408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}