{"id":19525,"date":"2026-01-25T13:12:30","date_gmt":"2026-01-25T18:12:30","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=19525"},"modified":"2026-01-26T08:10:03","modified_gmt":"2026-01-26T13:10:03","slug":"pfl-railcar-report-1-26-2026","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-1-26-2026\/","title":{"rendered":"PFL Railcar Report 1-26-2026"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><em><strong><em><strong><strong><em><strong><em><strong><em><strong><em>\u201cDefeat may serve as well as victory to shake the soul and let the glory out.\u201d &#8211;<\/em>Edwin Markham<\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/strong><\/em><\/strong><\/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<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 17, 2026 came in at 200,000<\/span><\/strong>, versus the adjusted number of 199,000 people from the week prior, up 1,000 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-45.png\" alt=\"\" class=\"wp-image-19530\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-45.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-45-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span style=\"text-decoration: underline;\">Continuing jobless claims came in at 1,849,000<\/span><\/strong>, versus the adjusted number of 1,875,000 people from the week prior, down 26,000 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-46.png\" alt=\"\" class=\"wp-image-19531\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-46.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-46-300x161.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 mixed on Friday of last week and lower week-over-week<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The DOW closed lower on Friday of last week, down -285.30 points (-0.58%), closing out the week at 49,098.71<\/span>, <\/strong>down -260.62 points week-over-week. <strong><span style=\"text-decoration: underline;\">The S&amp;P 500 closed higher on Friday of last week, up 2.26 points (0.03%), and closed out the week at 6,915.61<\/span>, <\/strong>down -24.40 points week-over-week. <strong><span style=\"text-decoration: underline;\">The NASDAQ closed higher on Friday of last week, up 65.22 points (0.28%), and closed out the week at 23,501.24<\/span>, <\/strong>down -14.15 points week-over-week.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In overnight trading, DOW futures traded lower and are expected to open at 49,244 this morning, down 19 points from Friday\u2019s close.<\/span><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In other market news, it was a crazy week last week<\/span>. <\/strong>\u00a0Gold and silver continued to surge as people are losing faith in the U.S. dollar it seems.\u00a0 <strong><span style=\"text-decoration: underline;\">Silver closed at $101.33<\/span><\/strong> per ounce and <strong><span style=\"text-decoration: underline;\">Gold closed at $4,863.10<\/span><\/strong> per ounce breaching $5,000 per ounce, at one point during the trading session on Friday of last week.\u00a0 <strong><span style=\"text-decoration: underline;\">Natural Gas surged closing at\u00a0 $5.275 per MMBU at Henry Hub<\/span> <\/strong>on Friday of last week, as fear of the deep winter freeze and well shut-ins possibly weighed on market participants.\u00a0 <strong><span style=\"text-decoration: underline;\">If you need a mobile boiler call, PFL today we are here to help.<\/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 $1.71 per barrel (2.9%), to close at $61.07<\/span> <\/strong>on Friday of last week, and up $1.63 week-over-week. <strong><span style=\"text-decoration: underline;\">Brent crude closed up $1.82 per barrel<\/span><\/strong> (2.8%), to close at $65.88, and up $1.75 week-over-week.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.oneexchangecorp.com\/\"><strong>One Exchange WCS<\/strong><\/a> <strong>(<span style=\"text-decoration: underline;\">Western Canadian Select) for March delivery settled on Friday of last week at US$15.50\u00a0 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average)<\/span><\/strong>. The implied value was US$45.57 per barrel. <span style=\"text-decoration: underline;\"><strong>Folks, Alberta is going to hit a wall real soon<\/strong>.<\/span> Enbridge rejected 22% of heavy crude nominations for February delivery and Transmountain pipeline is almost 90% full. Canadian basis is taking a huge hit as Canadian barrels are now competing with imports from Venezuela barrels now trading at US$9.00 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average).<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. commercial crude oil inventories<\/span><\/strong> (excluding those in the Strategic Petroleum Reserve) <strong><span style=\"text-decoration: underline;\">increased by 3.6 million barrels<\/span><\/strong> week-over-week. At 426 million barrels, <strong><span style=\"text-decoration: underline;\">U.S. crude oil inventories are 2% 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-47.png\" alt=\"\" class=\"wp-image-19532\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-47.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-47-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-47-768x395.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 6 million barrels<\/span><\/strong> week-over-week and are 5% 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-48.png\" alt=\"\" class=\"wp-image-19533\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-48.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-48-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-48-768x395.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 3.3 million barrels<\/span><\/strong> week-over-week and are 1% below the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-49.png\" alt=\"\" class=\"wp-image-19534\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-49.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-49-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-49-768x395.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 2.1 million barrels<\/span><\/strong> week-over-week and are 39% 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-50.png\" alt=\"\" class=\"wp-image-19535\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-50.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-50-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-50-768x395.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 59.6 cents per gallon on Friday of last week, down 0.2 cents per gallon week-over-week<\/span><\/strong>, and down 35.2 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-51.png\" alt=\"\" class=\"wp-image-19536\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-51.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-51-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-51-768x395.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>week-over-week, during the week ending January 16, 2026.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">U.S. crude oil imports averaged 6.4 million barrels per day<\/span> <\/strong>during the week ending January 16, 2026, a decrease of 645,000 barrels per day 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>, 5.3% less than the same four-week period last year. <strong><span style=\"text-decoration: underline;\">Total motor gasoline imports<\/span><\/strong> (including both finished gasoline and gasoline blending components) <strong><span style=\"text-decoration: underline;\">averaged 412,000 barrels per day, and distillate fuel imports averaged 215,000 barrels per day<\/span> <\/strong>during the week ending January 16, 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-52.png\" alt=\"\" class=\"wp-image-19537\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-52.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-52-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-52-768x395.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 3.688 million barrels per day during the week ending January 16, 2026<\/span><\/strong>, a decrease of 618,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 3.924 million barrels per day.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-53.png\" alt=\"\" class=\"wp-image-19538\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-53.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-53-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-53-768x395.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 16.6 million barrels per day<\/span><\/strong> during the week ending January 16, 2026, which was 354,000 barrels per day less week-over-week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-55.png\" alt=\"\" class=\"wp-image-19540\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-55.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-55-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-55-768x395.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 is poised to open at 61.22, up 16 cents per barrel 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 21, 2026:<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Total North American weekly rail volumes were down (-1.14%) in week 4, compared with the same week last year<\/span>.<\/strong> Total Carloads for the week ending January 21, 2026 were 322,203, up (+1.31%) compared with the same week in 2024, while weekly Intermodal volume was 339,469, down (-3.37%) year over year. 8 of the AAR\u2019s 11 major traffic categories posted year-over-year decreases. The largest decrease came from Forest Products (-22.62%), while the largest increase was Grain (+21.10%).<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">In the East, CSX\u2019s total volumes were up (+1.25%)<\/span>,<\/strong> with the largest decrease coming from Forest Products (-12.07%), while the largest increase came from Grain (+17.17%). <strong><span style=\"text-decoration: underline;\">NS\u2019s total volumes were up (+0.44%),<\/span><\/strong> with the largest increase coming from Nonmetallic Minerals (+17.12%), while the largest decrease came from Forest Products (-9.22%).<\/p>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">In the West, BNSF\u2019s total volumes were up (+1.92%)<\/span>,<\/strong> with the largest increase coming from Grain (+26.20%), while the largest decrease came from Other (-27.91%). <strong><span style=\"text-decoration: underline;\">UP\u2019s total volumes were down (-3.47%)<\/span>,<\/strong> with the largest increase coming from Grain (+20.05%), while the largest decrease came from Intermodal Units (-10.61%).<\/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 up (+2.47%),<\/strong><\/span> with the largest increase coming from Coal (+17.34%), while the largest decrease came from Motor Vehicles and Parts (-25.38%). <strong><span style=\"text-decoration: underline;\">CPKCS\u2019s total volumes were down (-22.12%)<\/span>,<\/strong> with the largest increase coming from Grain (+28.00%), while the largest decrease came from Forest Products (-70.31%).<\/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 +6 rigs week-over-week. The U.S. rig count was up by +1 rig week-over-week, but down by -32 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 +5 rigs week-over-week, but down by -14 rigs year-over-year.<\/span><\/strong> Canada currently has 231 active rigs. Overall, year-over-year we are down by -46 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-61.png\" alt=\"\" class=\"wp-image-19550\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-61.png 751w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-61-300x96.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-60.png\" alt=\"\" class=\"wp-image-19549\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-60.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-60-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-60-768x395.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 the Weather<\/em><\/strong><\/h4>\n\n\n\n<p>Deadly winter storm set in over the weekend, halting rail operations across the country including a few PFL locations.\u00a0 Here is what we know:<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Deadly cold: At least 11 people have died<\/span><\/strong> in the coldest temperatures of the winter. The brutal cold will linger into the week, with nearly 90 million people under Extreme Cold Watches or Warnings, raising fears for those without shelter or power for days.<\/p>\n\n\n\n<p>\u2022 <strong><span style=\"text-decoration: underline;\">Crippling: More than 800,000 customers are still without power<\/span><\/strong> after damaging ice knocked it out. Here\u2019s what to do if you\u2019re without power.<\/p>\n\n\n\n<p>\u2022<strong><span style=\"text-decoration: underline;\">No travel, no school: Sunday was the worst day for flight cancellations since the pandemic. Over 19,000 flights<\/span><\/strong> were canceled during this storm. Schools in major cities have canceled classes or moved to remote learning for today.<\/p>\n\n\n\n<p>\u2022 <strong><span style=\"text-decoration: underline;\">Snow<\/span>: <\/strong>A staggering 15 states have seen snow pile up a foot or higher.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><span style=\"text-decoration: underline;\">Today&#8217;s Forecast<\/span><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"802\" height=\"613\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-62.png\" alt=\"\" class=\"wp-image-19561\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-62.png 802w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-62-300x229.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-62-768x587.png 768w\" sizes=\"auto, (max-width: 802px) 100vw, 802px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><strong>Source: National Weather Service &#8211; PFL Analytics<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Stay safe and stay warm out there.\u00a0 If you require any assistance call PFL now at 239-390-2885.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Petroleum Carloads<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The four-week rolling average of petroleum carloads carried on the six largest North American railroads fell to 28,558 from 28,731, which was a decrease of -173 rail cars week-over-week. Canadian volumes were lower<\/span>. <\/strong>CPKC\u2019s shipments were lower by -5.0% week-over-week, CN\u2019s volumes were lower by -2.0% week-over-week. <span style=\"text-decoration: underline;\"><strong>U.S. shipments were mostly lower<\/strong>.<\/span> The BN had the largest percentage decrease and was down by -16.0%. The CSX was the sole gainer and was up by +4.0%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Alberta Butane<\/em><\/strong><\/h4>\n\n\n\n<p>Alberta\u2019s butane market is now <strong><span style=\"text-decoration: underline;\">seeing impacts from an extended outage at Keyera\u2019s AEF fractionation plant<\/span><\/strong>, which has been offline since early December 2025 and is expected to remain out of service until late March or early April 2026. <strong><span style=\"text-decoration: underline;\">While the outage itself is not new, its effects are becoming more visible as the market moves deeper into the downtime window.<\/span><\/strong><\/p>\n\n\n\n<p>AEF is a key component of Western Canada\u2019s NGL system, producing purity products such as butane used largely for gasoline blending. With the facility down for roughly four months, Alberta butane supply has been reduced through the heart of winter, weighing on demand as blending economics soften and buyers adjust to lower availability.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Early in the outage, the market was able to manage the disruption<\/span><\/strong> using inventories and short-term logistical adjustments. <strong><span style=\"text-decoration: underline;\">As January turns to February, those buffers are thinning<\/span><\/strong>. That is when the impact starts to show up more clearly: in pricing relationships, storage behavior, and rail activity, making the outage increasingly relevant now for shippers and service providers.<\/p>\n\n\n\n<p>Alberta butane pricing has weakened relative to other North American hubs, reflecting the loss of production rather than a demand-driven shift. The <span style=\"text-decoration: underline;\"><strong>effect on U.S. markets has been limited<\/strong>.<\/span> U.S. supply remains ample, and there is little indication that the outage is pulling <span style=\"text-decoration: underline;\"><strong>incremental barrels south. Instead, Canadian<\/strong> <strong>volumes are effectively sidelined until AEF returns<\/strong><\/span>, leaving broader U.S. market fundamentals largely unchanged.<\/p>\n\n\n\n<p>For rail, this is not a story about cross-border surges, it\u2019s about reduced Western Canadian NGL movement during the outage period:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No material increase in U.S.-bound Canadian butane traffic;<\/li>\n\n\n\n<li>Fewer outbound butane rail shipments tied to winter blending demand;<\/li>\n\n\n\n<li>Operational adjustments as shippers manage equipment and timing during the outage.<\/li>\n<\/ul>\n\n\n\n<p>As the outage moves into its later stages in February and March, rail decisions around car placement, storage duration, and spring repositioning are becoming more active. Once the AEF plant returns to service, butane supply, and associated rail activity, is expected to recover relatively quickly.<\/p>\n\n\n\n<p>Near-term NGL rail activity in Western Canada remains subdued pending the plant\u2019s return to service later this spring.<\/p>\n\n\n\n<p>PFL supports customers to help manage changing rail dynamics, whether that means adjusting dwell strategies, coordinating movements, or staying prepared for a restart when volumes return. Call PFL today, we are here to help.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are Watching Grain<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">It is going to get real busy, folks.<\/span> <\/strong>&nbsp;Grain-related rail activity across North America is starting to shift as the market looks past winter constraints and toward spring export and domestic demand programs. While volumes remain seasonally muted, rail positioning and planning activity picked up last week as elevators, traders, and railroads prepare for heavier movement later in Q1 and early Q2.<\/p>\n\n\n\n<p>In both the U.S. and Canada, winter operating conditions have limited near-term velocity, particularly for covered hopper traffic moving through northern corridors. Even so, <strong><span style=\"text-decoration: underline;\">grain supply remains ample, and railroads are beginning to align equipment and network capacity ahead of the next demand window.<\/span><\/strong><\/p>\n\n\n\n<p>The transition is visible across <strong><span style=\"text-decoration: underline;\">major grain corridors served by BNSF Railway, Union Pacific, and Canadian Pacific Kansas City, where winter constraints are gradually giving way to early spring planning<\/span><\/strong>. While this is not yet a volume surge, it marks the point where railcar placement, routing, and cycle expectations begin to shift.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Export markets are a key driver<\/span>.<\/strong> As river conditions, port programs, and international demand firm up, rail becomes increasingly important for positioning grain to coastal terminals and domestic processors. <strong><span style=\"text-decoration: underline;\">That dynamic is especially relevant for Canadian grain movements, where rail is the primary link between inland production and export facilities.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Left Wing Canadian Prime Minister Carney<\/em><\/strong><\/h4>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Well, we knew that the trade deal that left-wing Carney cut with China to buy electric cars from China in exchange for Canada selling the Chinese canola wasn\u2019t to go over well with President Trump and it didn\u2019t<\/strong>.<\/span>\u00a0 Trump reacted via truth Social over the weekend on Saturday threatening to impose a 100% tariff on goods imported from <a href=\"https:\/\/www.cbsnews.com\/news\/canada-mark-carney-speech-davos-trump-rupturing-world-order\/\">Canada<\/a> if Carney went ahead with its trade deal with China.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Mr. Trump said in a social media post that if Canadian Prime Minister Mark Carney &#8220;thinks he is going to make Canada a &#8216;Drop Off Port&#8217; for China to send goods and products into the United States, he is sorely mistaken.&#8221;<\/span><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Mr. Trump initially had said that agreement was what Carney &#8220;should be doing and it&#8217;s a good thing for him to sign a trade deal.&#8221;&nbsp;<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch the UP and NS Merger<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The STB issued a decision unanimously rejecting the merger application filed by UP and NS<\/span><\/strong> \u201cbecause the STB says it does not contain certain information required by the board\u2019s regulations. Which includes \u201cfuture market share projections showing the combined effects of merger-related growth, diversions, and merger-influenced and other changes to market conditions that applicants anticipate.\u201d<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">According to the STB, the submission from UP and NS includes their Agreement and Plan of Merger but does not include \u201ccertain schedules and documents that are expressly made part of the merger agreement and that define applicants\u2019 obligations under it.<\/span>\u201d<\/strong> UP and NS have made no attempt to justify why these materials were withheld from the board, the STB says.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">UP and NS have until February 17th to inform the STB if they intend to resubmit their application<\/span>.<\/strong> On January 16th,UP and NS issued a brief statement confirming their intention to do so. Stay tuned to PFL for further updates. We are watching this one closely!<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch Safety and Operational Developments<\/em><\/strong><\/h4>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The National Transportation Safety Board issued its preliminary report last Monday for its investigation of a December 13, 2025, CSX train collision and subsequent derailment in Alabama<\/span>, <\/strong>which resulted in the death of a CSX conductor. The accident occurred near milepost 421.5 on CSX&#8217;s South and North Alabama subdivision near Calera, Alabama. At 2:13 a.m. local time, the conductor was riding on a rail car being shoved from the main track into an auxiliary track. The rail car collided with a second rail car that had been cut from the train and left on the main track.<\/p>\n\n\n\n<p>The collision caused three railcars to derail, including the railcar the conductor was riding. That car overturned, causing the conductor&#8217;s death. <strong><span style=\"text-decoration: underline;\">NTSB&#8217;s ongoing investigation will focus on hazard identification and mitigation strategies, CSX&#8217;s rules and procedures related to leaving rail cars clear of adjacent tracks, and internal and external oversight<\/span><\/strong>. The Federal Railroad Administration, the Alabama Public Service Commission, CSX and two labor unions are parties to the investigation.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">The incident highlights ongoing safety concerns in the rail industry at a time when the proposed UP-NS merger is drawing intense scrutiny over labor and safety implications<\/span>.<\/strong> Earlier this month, the Federal Railroad Administration announced it had collected a record $15.4 million in civil penalties from Class I railroads under a new streamlined settlement process for safety violations, including defective wheels and other equipment issues. The intersection of safety enforcement, labor scrutiny, and merger oversight creates operational and regulatory uncertainty for the industry in 2026.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Class 1 Industry Headcount<\/em><\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-left\"><strong><span style=\"text-decoration: underline;\">Class I\u2019s employed 116,451 workers in the United States in December, a -0.52% decrease from November 2025\u2019s count<\/span> <\/strong>and a -3.09% year-over-year decrease, according to Surface Transportation Board data.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"377\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-56.png\" alt=\"\" class=\"wp-image-19543\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-56.png 707w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-56-300x160.png 300w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"376\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-57.png\" alt=\"\" class=\"wp-image-19544\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-57.png 707w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-57-300x160.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-57-600x318.png 600w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"377\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-58.png\" alt=\"\" class=\"wp-image-19545\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-58.png 707w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-58-300x160.png 300w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span style=\"text-decoration: underline;\">Two of the six employment categories posted month-over-month increases<\/span><\/strong> between November and December. They were: <strong><span style=\"text-decoration: underline;\">executives, officials, and staff assistants<\/span><\/strong>, up 0.02% to 8,146 workers; and <strong><span style=\"text-decoration: underline;\">maintenance of equipment and stores<\/span><\/strong>, up 0.05% to 16,405.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Categories that posted month-over-month decreases were maintenance of way and structures<\/span>,<\/strong> down -0.62% to 28,680; <strong><span style=\"text-decoration: underline;\">professional and administrative<\/span><\/strong>, down -0.13% to 8,932; <strong><span style=\"text-decoration: underline;\">transportation (other than train and engine)<\/span><\/strong>, down -0.29% to 4,794; and <strong><span style=\"text-decoration: underline;\">transportation (train and engine)<\/span><\/strong>, down -0.82% to 49,494.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Year-over-year, one category posted an employment gain: executives, officials, and staff assistants<\/strong>,<\/span> up 3.86%.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Categories that registered year-over-year decreases in December were professional and administrative<\/span><\/strong>, -7.27%; <strong><span style=\"text-decoration: underline;\">transportation (other than train and engine)<\/span><\/strong>, -4.94%; <strong><span style=\"text-decoration: underline;\">transportation (train and engine)<\/span>,<\/strong> -4.46%; <span style=\"text-decoration: underline;\"><strong>maintenance of equipment and stores<\/strong>,<\/span> -4.38%; and <span style=\"text-decoration: underline;\"><strong>maintenance of way and structures<\/strong>,<\/span> -0.04%.<\/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>Industrial Output and Capacity Utilization<\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Manufacturing accounts for approximately 75% of total output. Manufacturing output in December was up 0.03% from November 2025.<\/span><\/strong><\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">Capacity utilization is a measure of how fully firms are using machinery and equipment. Capacity utilization was down -0.10% from November to December.<\/span><\/strong><\/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-59.png\" alt=\"\" class=\"wp-image-19546\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-59.png 800w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-59-300x158.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/01\/image-59-768x403.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<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Bids<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>30-50, 6000cf Steel Hopper located off of CSX or NS in East. For use in petcoke service. Period: 5 Years.<\/li>\n\n\n\n<li>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.<\/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>\u201cDefeat may serve as well as victory to shake the soul and let the glory out.\u201d &#8211;Edwin Markham Jobs Update Stocks closed mixed on Friday of last week and lower week-over-week The DOW closed lower on Friday of last week, down -285.30 points (-0.58%), closing out the week at 49,098.71, down -260.62 points week-over-week. The [&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-19525","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 25, 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-1-26-2026\/\" \/>\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\" 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