{"id":20545,"date":"2026-05-25T11:56:56","date_gmt":"2026-05-25T15:56:56","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=20545"},"modified":"2026-05-26T07:32:21","modified_gmt":"2026-05-26T11:32:21","slug":"pfl-railcar-report-5-26-2026","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/","title":{"rendered":"PFL Railcar Report 5-26-2026"},"content":{"rendered":"\n<h5 class=\"wp-block-heading has-text-align-center\"><strong><em>\u201cYou cannot over-invest in communication skills.\u201d \u2014 Indra Nooyi<\/em><\/strong><\/h5>\n\n\n\n<center><iframe width=\"100%\" style=\"width: 100%; aspect-ratio: 16 \/ 9;\" src=\"https:\/\/www.youtube.com\/embed\/aPY1DVJALDg\" 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\n\n\n<h5 class=\"wp-block-heading has-text-align-center\"><strong><span style=\"text-decoration: underline;\">Jobs Update<\/span><\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Initial jobless claims seasonally adjusted for the week ending May 16, 2026 came in at 209,000<\/strong>, versus the adjusted number of 212,000 people from the week prior, down 3,000 people week over week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-56.png\" alt=\"\" class=\"wp-image-20549\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-56.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-56-300x161.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Continuing jobless claims came in at 1,782,000<\/strong>, versus the adjusted number of 1,776,000 people from the week prior, up 6,000 week-over-week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-57.png\" alt=\"\" class=\"wp-image-20550\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-57.png 745w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-57-300x161.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 class=\"wp-block-paragraph\"><strong>The DOW closed higher on Friday of last week, up 294.29 points (0.59%), closing out the week at 50,579.95, <\/strong>up 1,053.78 points week-over-week. <strong>The S&amp;P 500 closed higher on Friday of last week, up 27.72 points (0.37%), and closed out the week at 7,473.44, <\/strong>up 64.94 points week-over-week. <strong>The NASDAQ closed higher on Friday of last week, up 50.87 points (0.19%), and closed out the week at 26,343.97, <\/strong>up 119.83 points week-over-week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In overnight trading, DOW futures traded higher and are expected to open at 50,895 this morning, up 233 points from Friday\u2019s close.<\/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 lower week-over-week<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>West Texas Intermediate (WTI) crude closed up $0.25 per barrel (0.26%), to close at $96.60 <\/strong>on Friday of last week, but down $8.82 week-over-week. <strong>Brent crude closed up $0.96 per barrel<\/strong> (0.94%), to close at $103.54, but down $5.72 week-over-week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.oneexchangecorp.com\/\"><strong>One Exchange WCS<\/strong><\/a><strong> (Western Canadian Select) for July settled on Friday of last week at US$14.00 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average).<\/strong> The implied value was US$77.72 per barrel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>U.S. commercial crude oil inventories<\/strong>&nbsp;(excluding those in the Strategic Petroleum Reserve)&nbsp;<strong>decreased by 7.9 million barrels week-over-week<\/strong>. At 445.0 million barrels,&nbsp;<strong>U.S. crude oil inventories are 2% below the five-year average for this time of year.<\/strong><br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"400\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-58.png\" alt=\"\" class=\"wp-image-20551\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-58.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-58-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-58-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Total motor gasoline inventories decreased by 1.5 million barrels week-over-week<\/strong>&nbsp;and are 5% 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\/05\/image-59.png\" alt=\"\" class=\"wp-image-20552\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-59.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-59-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-59-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Distillate fuel inventories increased by 400,000 barrels week-over-week<\/strong>&nbsp;and are 9% 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\/05\/image-60.png\" alt=\"\" class=\"wp-image-20553\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-60.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-60-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-60-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Propane\/propylene inventories increased by 400,000 barrels week-over-week<\/strong>&nbsp;and are 51% 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\/05\/image-61.png\" alt=\"\" class=\"wp-image-20554\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-61.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-61-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-61-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Propane prices closed at 84.3 cents per gallon on Friday of last week, up 1.1 cents per gallon week-over-week<\/strong>, and up 6.2 cents year-over-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\/05\/image-62.png\" alt=\"\" class=\"wp-image-20555\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-62.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-62-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-62-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Overall, total commercial petroleum inventories decreased by 9 million barrels week-over-week<\/u><\/strong>&nbsp;during the week ending May 15, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil imports averaged 6 million barrels per day during the week ending May 15, 2026<\/u><\/strong>,&nbsp;<strong><u>an increase of 116,000 barrels per day week-over-week.<\/u><\/strong>&nbsp;Over the past four weeks,&nbsp;<strong><u>crude oil imports averaged 5.8 million barrels per day<\/u><\/strong>, 1.5% less than the same four-week period last year.&nbsp;<strong><u>Total motor gasoline imports<\/u><\/strong>&nbsp;(including both finished gasoline and gasoline blending components)&nbsp;<strong><u>averaged 547,000 barrels per day, and distillate fuel imports averaged 173,000 barrels per day during the week ending May 15, 2026<\/u><\/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\/05\/image-63.png\" alt=\"\" class=\"wp-image-20556\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-63.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-63-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-63-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>U.S. crude oil exports averaged 5.604 million barrels per day during the week ending May 15, 2026<\/strong>, an increase of 112,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 5.571 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\/05\/image-64.png\" alt=\"\" class=\"wp-image-20557\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-64.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-64-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-64-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>U.S. crude oil refinery inputs averaged 16.3 million barrels per day<\/strong>&nbsp;during the week ending May 15, 2026,&nbsp;<strong>which was 80,000 barrels per day less week-over-week.<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/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\/05\/image-65.png\" alt=\"\" class=\"wp-image-20558\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-65.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-65-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-65-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\"><strong><strong><span style=\"text-decoration: underline;\"><strong><strong><strong><strong><span style=\"text-decoration: underline;\"><strong><strong><span style=\"text-decoration: underline;\"><strong><strong><strong><strong><strong>WTI is poised to open at $92.81, down $3.79 per barrel from Friday&#8217;s close.<\/strong><\/strong><\/strong><\/strong><\/strong><\/span><\/strong><\/strong><\/span><\/strong><\/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\">Week Ending May 20, 2026:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total North American weekly rail volumes were up (+5.09%) in week 21, compared with the same week last year.<\/u><\/strong>&nbsp;Total Carloads for the week ending May 20, 2026 were 334,933, up (+2.54%) compared with the same week in 2025, while weekly Intermodal volume was 342,509, up (+7.72%) year over year. 10 of the AAR\u2019s 11 major traffic categories posted year-over-year increases. The largest decrease came from Coal (-6.63%). The largest increase was Grain (+14.70%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>In the East,&nbsp;<\/u><\/strong><strong><u>CSX\u2019s total volumes were up (+6.22%),<\/u><\/strong>&nbsp;with the largest decrease coming from Grain (-20.88%), while the largest increase came from Metallic Ores and Metals (+29.17%).&nbsp;<strong><u>NS\u2019s total volumes were up (+4.15%),<\/u><\/strong>&nbsp;with the largest increase coming from Petroleum &amp; Petroleum Products (+25.70%), while the largest decrease came from Forest Products (-1.17%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>In the West,&nbsp;<\/u><\/strong><strong><u>BNSF\u2019s total volumes were up (+8.09%),<\/u><\/strong>&nbsp;with the largest increase coming from Grain (+20.19%), while the largest decrease came from Chemicals (-7.18%).&nbsp;<strong><u>UP\u2019s total volumes were up (+3.24%),<\/u><\/strong>&nbsp;with the largest increase coming from Petroleum &amp; Petroleum Products (+10.94%), while the largest decrease came from Coal (-24.05%).<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong><u>In Canada<\/u><\/strong>,&nbsp;<strong><u>CN\u2019s total volumes were up (+2.93%),<\/u><\/strong>&nbsp;with the largest increase coming from Grain (+48.95%), while the largest decrease came from Other (-13.07%).&nbsp;<strong><u>CPKCS\u2019s total volumes were up (+2.49%),<\/u><\/strong>&nbsp;with the largest increase coming from Grain (+55.07%), while the largest decrease came from Petroleum &amp; Petroleum Products (-26.97%).<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><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<p class=\"wp-block-paragraph\"><strong>North American rig count was up by +21 rigs week-over-week. The US rig count was up by +7 rigs week-over-week, but down by -8 rigs year-over-year.<\/strong> The US currently has 558 active rigs. <strong>Canada&#8217;s rig count was up by +14 rigs week-over-week and up by +24 rigs year-over-year.<\/strong> Canada currently has 138 active rigs. Overall, year-over-year we are up by +16 rigs collectively.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"302\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-66-1024x302.png\" alt=\"\" class=\"wp-image-20566\" style=\"width:774px;height:auto\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-66-1024x302.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-66-300x88.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-66-768x226.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-66.png 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/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\/05\/image-67.png\" alt=\"\" class=\"wp-image-20567\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-67.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-67-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-67-768x395.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>PFL attended the annual BATCH Golf Tournament, Calgary, Canada&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">PFL was a proud participant and sponsor in the <strong>annual BATCH golf tournament at Springbank Links Golf Club<\/strong>, in Calgary, Canada on Thursday of last week where energy industry leaders gathered to raise funds for the Alberta Children&#8217;s Hospital. <strong>PFL&#8217;s team set up at Hole #8, offering water, hydration packs, and snacks, and was well received by golfers as they made their way through the course<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Companies such as <strong>Enbridge, Suncor, Gibson Energy, Plains, Strathcona, Athabasca, Broadmill, Husky, Pembina, and Tidewater joined in the Western-themed festivities, to raise funds for the Alberta Children&#8217;s Hospital. <\/strong>The hospital provides essential care to children and families in need, and the funds raised through the tournament will directly impact countless lives.&nbsp; The event served as a reminder of the power of collaboration and the importance of giving back to organizations that make a profound difference in people&#8217;s lives.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch Hormuz<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Crude oil markets handed back a chunk of the war premium last week, with WTI settling around $98 by Friday after a sharp selloff on Wednesday of last week knocked nearly 6% off the front-month contract.<\/strong> The trigger was speculation that the Strait of Hormuz could reopen sooner than the market had assumed, after President Trump told reporters the United States was in the &#8220;final stages&#8221; of talks with Iran. Brent finished the week down more than 6%, and both benchmarks remain roughly 50% above pre-war levels.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"938\" height=\"563\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-72.png\" alt=\"\" class=\"wp-image-20584\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-72.png 938w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-72-300x180.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-72-768x461.png 768w\" sizes=\"auto, (max-width: 938px) 100vw, 938px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Mediated negotiations through Pakistan turned material over the weekend. Trump told reporters Saturday the framework is &#8220;largely negotiated, subject to finalization&#8221; and includes a 60-day ceasefire extension plus de-mining and reopening of the Strait of Hormuz. Iran has reportedly committed in principle to reopen the strait and dispose of its enriched uranium stockpile. Prime Minister Netanyahu pushed back in a Saturday call with Trump, concerned that an interim framework leaves Iran&#8217;s nuclear program intact, and no signing was expected immediately.<strong> Baker Hughes told investors last month its planning assumption was no reopening until the second half of 2026, a benchmark that looks immediately stale if the framework signs.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>AAA put the national gasoline average at $4.56 per gallon ahead of Memorial Day weekend, the highest since 2022 and up $1.38 year-over-year.<\/strong> Forty-five million Americans were expected to drive at least 50 miles for the holiday, a record. EIA data for the week ending May 15th showed commercial crude stocks drew 7.9 million barrels, gasoline stocks were down to 214.2 million barrels (the lowest since November), and refinery utilization rates were back up to 91.6%. The product chain was tight heading into the busiest driving period of the year.&nbsp; We will have to see how this week\u2019s reported numbers shape up!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>None of this matters for rail, however. Middle East barrels that historically moved west are stuck on the wrong side of the chokepoint. <\/strong>North American crude\u00a0 by rail is filling whatever gap it can and the geopolitical risk premium is not going away with one framework announcement. PFL is watching closely. Stay tuned to us for further updates.<\/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 class=\"wp-block-paragraph\"><strong>The four-week rolling average of petroleum carloads carried on the six largest North American railroads rose to 29,257 from 29,206 which was an increase of +51 rail cars week-over-week. Canadian volumes were mixed.<\/strong><strong> <\/strong>CN\u2019s shipments were lower by -9.0% week-over-week, CPKC\u2019s volumes were higher by +5.0% week-over-week. <strong>U.S. shipments were also mix<\/strong>. The NS had the largest percentage decrease and was down by -11.0%. The UP had the largest percentage increase and was up by +6.0% week-over-week.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch Our Strategic Petroleum Reserves&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Trump Administration announced earlier this month that it would loan 53.3 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to energy companies as part of a coordinated international effort to stabilize oil markets<\/strong> disrupted by the ongoing U.S.-Israeli conflict with Iran. Nine companies, including Exxon Mobil, Trafigura, and Marathon Petroleum, accepted roughly 58% of the 92.5 million barrels the Department of Energy offered in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The DOE has now loaned more than 80 million barrels this spring and continues working toward a planned release of 172 million barrels <\/strong>under a March agreement between more than 30 members of the International Energy Agency to collectively release around 400 million barrels globally. The coordinated action is intended to offset severe supply disruptions and elevated fuel prices caused by the effective closure of the Strait of Hormuz, through which roughly 20% of the world\u2019s oil supply normally passes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Recent DOE data showed a record weekly SPR drawdown of approximately 9.9 million barrels, pushing total reserve levels down to roughly 374 million barrels, the lowest level since July 2024. <\/strong>At the same time, global commercial oil inventories have fallen sharply, with the IEA reporting a record 246 million barrel decline across March and April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IEA Executive Director Fatih Birol warned that the conflict has created the largest energy crisis on record and said additional strategic reserve releases remain possible if supply disruptions continue. According to the IEA, member nations have already released about 20% of available emergency reserves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Meanwhile, rising fuel prices remain a growing political and economic concern ahead of the November midterm elections. <\/strong>U.S. gasoline prices recently climbed to an average of $4.52 per gallon, the highest level since 2022. The DOE said companies borrowing oil from the SPR will repay the crude with premiums ranging from roughly 18% to 28%, with Energy Secretary Chris Wright stating that the administration intends to replenish every released barrel with at least 1.2 barrels returned in the future.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"460\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-68.png\" alt=\"\" class=\"wp-image-20569\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-68.png 796w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-68-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-68-768x444.png 768w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching Enbridge<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Enbridge rejected 19% of heavy crude nominations on its 3.1 million barrel per day Mainline system for June flow, up from 14% in both April and May and the highest apportionment level since before the Trans Mountain Expansion came online in May 2024.<\/strong> The driver is straightforward refinery economics. The Chicago WCS 6-3-2-1 crack spread averaged $68 per barrel during the June cycle, and that kind of margin pulls every available barrel southbound regardless of pipeline crowding.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"938\" height=\"563\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-73.png\" alt=\"\" class=\"wp-image-20585\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-73.png 938w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-73-300x180.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-73-768x461.png 768w\" sizes=\"auto, (max-width: 938px) 100vw, 938px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Apportionment could intensify further into July. Turnarounds at Syncrude and the Suncor Base Plant wrap up by mid to late June, returning displaced bitumen volumes to the system right as summer driving demand peaks. <strong>The combination of high crack spreads, returning oil sands production, and ongoing TMX utilization sets up the tightest Western Canadian egress conditions since the Trans Mountain Expansion start-up.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For PFL customers, tracking egress economics in Western Canada, June apportionment at these levels matters more than any new pipeline announcement<\/strong>. Crude by rail is not a swing component. Barely any 117J crude cars are available, build times run one to two years, and leasing companies need five-year commitments before they will put new builds on the rails. None of that gets fixed by a tight June market. But, if apportionment stays at these levels through the summer and into the back half of the year, this could be the start of another crude by rail cycle. Time will tell, and it depends on what happens geopolitically. PFL is watching closely. Stay tuned for further updates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Separately, Enbridge picked up an important litigation win on the Line 5 reroute last week. <strong>A Wisconsin state circuit court judge largely upheld the Wisconsin DNR&#8217;s November 2024 environmental permit on May 15th, denying the substantive elements of an appeal from the Bad River Band of Lake Superior Chippewa<\/strong>. Judge John Anderson found that most of the band&#8217;s complaints were disagreements with the underlying administrative ruling rather than evidence of process errors. Enbridge confirmed there is no impact to the construction schedule. The 41-mile reroute around the band&#8217;s reservation, replacing roughly 20 miles of existing Line 5, carries a C$1.2 billion price tag, one-third of which Enbridge attributes to &#8220;six years of considerable permitting, legal and tribal engagement.&#8221;&nbsp; This is good news for U.S. and Canadian refiners and energy users \u2013 it is not possible to replace line 5 with rail cars it is now that simple.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch the Surface Transportation Board<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Surface Transportation Board faces a May 30th deadline to rule on whether the refiled Union Pacific and Norfolk Southern merger application is complete enough to advance to formal review.<\/strong> If accepted, the year-long evaluation process for what would become the first U.S. transcontinental Class I railroad finally gets underway. If rejected for the second time, the applicants go back to the drawing board with no obvious path to keeping the original timeline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All four other Class I railroads remain on record opposing the application as filed. <strong>BNSF wrote the Board on May 14 citing &#8220;hundreds of documented problems&#8221; and arguing UP and NS are &#8220;compromising the integrity of the board&#8217;s proceedings.&#8221;<\/strong> CN Chief Commercial Officer Janet Drysdale told the Wolfe Research conference Thursday of last week that the merger may have a path forward but the higher bar set by the 2001 STB rules &#8220;has not been demonstrated to this point.&#8221; CPKC&#8217;s Keith Creel went further at RBC Capital Markets the prior day: if a combined network of that scale &#8220;goes into meltdown mode because it&#8217;s too complicated, we all bleed. If it fails, we all fail&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">UP CEO Jim Vena pushed back at Wolfe on Wednesday of last week, saying he was confident the updated application meets the Board&#8217;s guidance and that the deal &#8220;is good for America.&#8221; The applicants project annual capture of 303,000 loads from BNSF and 244,000 from CSX, alongside $3.5 billion in claimed shipper savings and 24-to-48-hour transit time improvements. CSX, sitting out of the merger conversation entirely after Berkshire Hathaway repeatedly declined to acquire it, has launched a shipper mobilization website to document its case against the deal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For PFL customers with corridor exposure to either system, the planning question is the same it has been for six months: what happens to your interchange points, your contract rates, and your routing flexibility if this deal actually closes. The STB ruling next week is procedural, not substantive, but it sets the clock for everything that follows<strong>. PFL is watching for the May 30th ruling and will update customers as the review process develops, so stay tuned.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch Left Wing Carney<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Prime Minister Carney was in Vancouver last Wednesday, telling the Greater Vancouver Board of Trade that the world is in an &#8220;energy crisis&#8221; and Canada must do its part.<\/strong> The pitch was for the proposed Alberta to Pacific bitumen pipeline that he and Alberta Premier Danielle Smith signed an implementation agreement on the week prior. Carney laid out three conditions: the Pathways carbon capture project must proceed, British Columbians must share substantial economic benefits, and Section 35 First Nations consultation is &#8220;non-negotiable.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BC Premier David Eby was not impressed. <strong>Eby said last week that Canada cannot work if &#8220;separatist premiers&#8221; get all the attention of the federal government, and reiterated that the West Coast oil tanker moratorium is a hard line for his government.<\/strong> The proposed pipeline still has no agreed route, no private sector proponent, and no committed capital. Eby also reminded the press that the Coastal First Nations and BC Union of Indian Chiefs have made it clear a north coast pipeline is not happening on their watch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other side of the deal, the Oil Sands Alliance, which represents about 95% of Canadian oil sands production through Canadian Natural Resources, Cenovus, Suncor, Imperial Oil, and ConocoPhillips Canada, came out swinging against the carbon pricing component of the Carney-Smith agreement. <strong>The new industrial carbon tax is set at C$100 per tonne from 2027 through 2029, rising in phased steps to C$140 per tonne by 2040, and no other major producing country imposes anything comparable.<\/strong> Oil Sands Alliance president Kendall Dilling: &#8220;an industrial carbon tax only adds uncompetitive costs to industry on top of the costs of a carbon capture project.&#8221; CAPP CEO Lisa Baiton echoed the point: &#8220;if growing Canadian energy exports is our goal, we should not be adding costs to oil and natural gas production when no other directly competing country has done so.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Run the math: atC$140 per tonne, the carbon tax alone adds roughly C$10 per barrel to a typical oil sands operation before any of the actual Pathway\u2019s infrastructure gets built. The C$16.5 billion Pathways project itself still has no signed agreement, just a commitment to work toward one &#8220;expeditiously.&#8221; For an Alberta-to-Pacific pipeline that depends on Pathways proceeding, depends on BC dropping the tanker ban, and depends on First Nations consent that does not exist, the math gets ugly fast. <strong>PFL is watching this one with the same skepticism as the upstream operators. In our opinion, left wing Carney know this deal does not have any legs and is only politically motivated and setting up the Premier for failure.<\/strong> Stay tuned for further updates.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching the ACE Rail Terminal<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Keyera, AltaGas, and CN announced a $240 million LPG rail terminal project last Wednesday in Alberta&#8217;s Industrial Heartland near Fort Saskatchewan. <strong>The Alberta Corridor Export Rail Terminal, called ACE, will move 45,000 barrels per day of propane and butane on unit trains to AltaGas&#8217;s Ridley Island propane export facility in Prince Rupert, British Columbia.<\/strong> Target service date is mid-2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The economics behind ACE are the economics behind every Canadian LPG export project of the last decade. Prince Rupert sits roughly 10 days sailing time from East Asia, less than half the 25-day USGC voyage and meaningfully shorter than the 18-day Middle East route. AltaGas already supplies more than 19% of Japan&#8217;s propane and roughly 10% of China&#8217;s first-quarter propane imports through Ridley Island. Adding 45,000 barrels per day of dedicated capacity into that corridor materially increases Canadian competitive pressure on USGC exporters chasing the same Asian buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AltaGas is also expanding its Ridley Island footprint independently. The adjacent Ridley Island Energy Export Facility is 75% complete and on schedule for fourth quarter 2026 startup, with 56,000 barrels per day of initial capacity and another 30,000 barrels per day of propane export capacity scheduled to follow in second half 2027. ACE feeds into that growing terminal complex. <strong>Keyera&#8217;s $240 million commitment, $100 million above its previously disclosed 2026 capital plan, follows directly from the company&#8217;s $5.3 billion acquisition of Plains All American&#8217;s Canadian NGL business earlier this year.<\/strong> CN Chief Commercial Officer Janet Drysdale told the Wolfe Research conference Thursday of last week that ACE is &#8220;the proof point that this isn&#8217;t growth for a year or two. This is a decades long growth story.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For PFL customers in the LPG and NGL space, ACE is a structurally important project regardless of which side of the border you ship from. Mid-2028 is two years away, and in the meantime the rail capacity required to move growing Canadian LPG production to tidewater is being booked up. PFL is watching this corridor closely and is positioned to advise shippers thinking through fleet implications. Stay tuned for further updates.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch BP<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The BP Whiting lockout enters its third month with no resolution in sight. The United Steelworkers walked off the bargaining table last Monday without engaging on the company&#8217;s outstanding contract proposal, asking instead that BP lift the lockout and return to the prior agreement. <strong>BP&#8217;s Whiting refinery, the Midwest&#8217;s largest at 430,000 barrels per day, has been running on trained replacement workers since the lockout began on March 19th.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company moved last Friday to keep the conversation alive, with BP putting forward what it called a &#8220;new good faith offer&#8221; intended to advance talks. The substance remains the same set of issues that broke negotiations in February: a shift from seniority-based to competency-based job progression, a 150-day strike or lockout notice provision, and modifications to the prior contract that BP argues are needed for &#8220;sustainable, reliable operations for the long term.&#8221; The USW disagrees, and after 60 plus face-to-face bargaining sessions and a two-month lockout, neither side appears close to moving.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the Midwest product market, the timing could not be worse. <strong>Refining margins have surged across the U.S. on the back of war-related supply disruptions, with PBF, Phillips 66, Marathon, and Valero all reporting first-quarter margins materially above the year-ago period and guiding to continued strength through the back half of 2026.<\/strong> Marathon ran record western Canadian crude in April and more than doubled Canadian volumes at its USGC refineries. The Whiting situation is the one notable exception to an industry that is otherwise printing money, and the longer the lockout runs, the more Midwest gasoline and distillate flows from Gulf Coast and East Coast refiners have to pick up the slack.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PFL is watching the labor situation closely, particularly the second-order effects on Midwest product distribution. Refined product rail movements out of the Gulf Coast and PADD 1 are picking up volumes that would normally come off Whiting. Stay tuned for further updates as talks progress.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching the BUILD America 250 Act<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The House Transportation and Infrastructure Committee approved the BUILD America 250 Act on Thursday of last week on a 61-2 vote, sending the five-year surface transportation reauthorization bill forward with one provision that is going to cost freight shippers money if it survives Senate negotiations. <strong>The Railway Safety Act, folded in as an amendment by a 54-11 vote, mandates expanded wayside defect detector deployment, two-person crew minimums, slower speeds for high-hazard flammable trains, and an acceleration of the DOT-111 tank car phaseout<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The BUILD America 250 Act itself authorizes approximately $580 billion over fiscal years 2027 through 2031 for roads, bridges, transit, rail, and highway safety programs, succeeding the Infrastructure Investment and Jobs Act of 2021. The bill cleared committee after a 14-hour markup with more than 100 amendments worked through. The Railway Safety Act component drew the sharpest industry opposition. <strong>The Association of American Railroads called it &#8220;the kind of special-interest driven policy that runs counter to the administration&#8217;s stated goal of lowering costs,&#8221; arguing the package &#8220;would needlessly add tens of billions of dollars in compliance costs&#8221; without addressing the actual NTSB findings on the East Palestine derailment.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Short line railroads are in a difficult position. The American Short Line and Regional Railroad Association acknowledged some genuinely useful provisions in the bill, particularly the CRISI program reauthorization and continued grade crossing funding. But the Railway Safety Act mandates apply across the entire rail network including short lines that had nothing to do with East Palestine. A separate amendment authorizing a heavier truck weight pilot program adds pressure from the trucking side. The Intermodal Association of North America also flagged that without dedicated funding for MEGA and INFRA discretionary grant programs, the bill does not move the needle on intermodal capacity. President Trump has publicly supported the Railway Safety Act provisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 61-2 committee vote signals momentum, but this bill has a long road through full House passage, Senate negotiation, and conference committee before anything reaches the President&#8217;s desk. The Railway Safety Act provision is the one to watch. If it survives intact into the final legislation, freight rail compliance costs go up across the network, and those costs flow through to shippers. If it gets stripped or narrowed in the Senate, the broader bill becomes much more workable for the industry. PFL is watching as the process develops and will update customers on any provisions that materially affect tank car economics. Stay tuned.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch the Supreme Court<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">A week after the Supreme Court&#8217;s unanimous decision in <em>Montgomery v. Caribe Transport II<\/em> broke the longstanding shield protecting freight brokers from accident liability suits under the Federal Aviation Administration Authorization Act&#8217;s safety exception, industry executives are openly worrying that the ruling will reach further than the brokerages it directly addressed. <strong>Two of trucking&#8217;s most prominent voices: former U.S. Xpress founder, Max Fuller and CH Robinson CEO, Dave Bozeman, said separately last Thursday that the same reasoning could pull shippers into liability exposure<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bozeman, speaking at the Wolfe Research transportation conference, said directly that shippers &#8220;are now going to have to start looking&#8221; at their own exposure. &#8220;This particular ruling now changes the dynamic and the space of where shippers can be liable on some things. So their vetting process of brokers is going to go up.&#8221; Fuller, appearing on a FreightWaves State of Freight webinar the same day, made the same point about shippers chasing cheaper carriers: &#8220;they support people that aren&#8217;t being as safe as they should.&#8221; The legal hook is the Court&#8217;s finding that the F4A&#8217;s &#8220;with respect to motor vehicles&#8221; language in the safety exception applies broadly enough to allow state action against any party in the carrier selection chain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ruling lands in an already tightening trucking market. The SONAR National Truckload Index broke $2.64 per mile last Thursday, up from just under $2.20 on May 1, and spot rates are running 35% to 40% above year-ago levels. Bozeman estimates that 20% to 30% of smaller and less-scaled brokers may exit the market as larger players capture the volumes that need stronger vetting infrastructure. The cost pressure is not contained to the brokerage segment. Insurance premiums, vetting program build-out, and reduced low-cost capacity all flow through to the shipper invoice eventually.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For PFL&#8217;s shipper customer base, the Montgomery ruling is being discussed across the trucking industry as a structural change in liability exposure, not a one-time compliance burden. <strong>The carrier vetting standards that were optional last month are not optional next month.<\/strong> PFL is watching how the case law develops and will update customers as the implications come into focus. Stay tuned for further updates.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We are watching Class 1 Industrial Headcount<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Class I railroads employed 115,080 workers in the United States in April 2026, a 0.23% increase from March 2026\u2019s count of 114,811 but a -3.75% year-over-year decrease from April 2025\u2019s total of 119,562<\/strong>, according to Surface Transportation Board data.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"705\" height=\"376\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-69.png\" alt=\"\" class=\"wp-image-20570\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-69.png 705w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-69-300x160.png 300w\" sizes=\"auto, (max-width: 705px) 100vw, 705px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"706\" height=\"375\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-70.png\" alt=\"\" class=\"wp-image-20571\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-70.png 706w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-70-300x159.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-70-600x318.png 600w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"706\" height=\"376\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-71.png\" alt=\"\" class=\"wp-image-20572\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-71.png 706w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/05\/image-71-300x160.png 300w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Three of the six employment categories posted month-over-month increases between March and April 2026. These were Professional and Administrative<\/strong>, up 0.62% to 8,887 workers; <strong>Maintenance of Way and Structures, <\/strong>which increased 0.64% to 28,343 workers; and <strong>Transportation (train and engine)<\/strong>, which increased 0.51% to 48,860 workers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The categories that posted month-over-month decreases were Executives, officials, and staff assistants,<\/strong> down -0.41% to 8,079 workers; Maintenance of Equipment and Stores, down -0.72% to 16,234 workers; and Transportation (other than train and engine), down -1.31% to 4,677 workers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Year-over-year, only one category posted an employment gain: Executives, officials, and staff assistants,<\/strong> up 2.76%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Categories that registered year-over-year decreases in April 2026 were Professional and Administrative,<\/strong> down -7.96%; <strong>Maintenance of Way and Structures<\/strong>, down -0.53%; <strong>Maintenance of Equipment and Stores<\/strong>, down -4.79%; <strong>Transportation (other than train and engine)<\/strong>, down -7.40%; and <strong>Transportation (train and engine)<\/strong>, down -5.03%.<\/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>100, 21.9K 117J Tanks located off of All Class 1s in the Midwest. For use in CO2 service. Period: 6 months.<\/li>\n\n\n\n<li>30-50, 30K 117J Tanks located off of NS or CSX in the Northeast. For use in C5 service. Period: 1 year.<\/li>\n\n\n\n<li>20-50, 4000-5000 Covered Hoppers located off of UP or BNSF in Houston. For use in Urea, Potash, and\u00a0 Ammonium Sulfate service. Period: 6-12 Months.<\/li>\n\n\n\n<li>200, 33K Pressure Tanks located off of CSX or NS in Ohio. For use in Propylene service. Period: 18 Months.<\/li>\n\n\n\n<li>30-50, 25.5K DOT 111 Tanks located off of All Class 1s in various locations. For use in Asphalt service. Period: 1-3 Years.<\/li>\n\n\n\n<li>40, 33K Pressure Tanks located off of UP in Eunice, LA. For use in Propane service. Period: 1 Year.<\/li>\n\n\n\n<li>40, 29K DOT 111 Tanks located off of UP or BNSF in the Midwest. For use in Veg Oil service. Period: 5 Year.<\/li>\n\n\n\n<li>70, 30K DOT 117 Tanks located off of NS or CSX in Ohio. For use in Diesel service. Period: 3 months.<\/li>\n\n\n\n<li>100, 33K Pressure Tanks located off of UP or BNSF in Texas. For use in Propane service. Period: 6 Months.<\/li>\n\n\n\n<li>20, DOT 117J Tanks located off of NS, CSX, CN, or CPKC in various locations. For use in C5 service. Period: 1 year. Need gauge rods.<\/li>\n\n\n\n<li>300, 5200CF Covered Hoppers located off of CP or CM in Canada. For use in Petcoke service. Period: 3 Year.<\/li>\n\n\n\n<li>10, 30K 117J Tanks located off of BNSF in Canada. For use in Propane or Butane service. Period: 3 Year.<\/li>\n\n\n\n<li>20, 28K or larger 117J Tanks located off of BNSF or UP in California. For use in Crude service. Period: 6 months.<\/li>\n\n\n\n<li>75, 30K 117 Tanks located off of NS in Ohio. For use in Condesnate service. Period: 6-12 Months. Mag Rods Not Needed.<\/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 Covered Hoppers located off of UP or BNSF in Texas. For use in Cement service. Cement Gates needed.<\/li>\n\n\n\n<li>20, 17K DOT111 Tanks located off of various class 1s in various locations. For use in corn syrup service.<\/li>\n\n\n\n<li>120, Various Open-Top Aluminum Rotary Gondolas 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 DOT111 Tanks 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>21, 6351 Covered Hoppers located off of CN in Wisconsin. Last used in DDG. Available until February 2027.<\/li>\n\n\n\n<li>29, 6500 Covered Hoppers located off of CN in Wisconsin. Last used in DDG. Available until February 2027.<\/li>\n\n\n\n<li>50, 20K DOT117J Tanks located off of all class 1s in Moving. Last used in styrene.<\/li>\n\n\n\n<li>29, 25.5K DOT117J Tanks located off of UP or BNSF in Texas. Cars are currently clean.<\/li>\n\n\n\n<li>200, 340W DOT 112J Tanks located off of all class 1s in Multiple Locations. Last used in propane and butane. Cars are currently clean.<\/li>\n\n\n\n<li>15, 6200CF Covered Hoppers located off of all class 1s in Wisconsin. Last used in plastic. Cars are currently clean.<\/li>\n\n\n\n<li>30, 6500CF Covered Hoppers located off of all class 1s in Wisconsin. Last used in plastic. Cars are currently clean.<\/li>\n\n\n\n<li>6, 21K Stainless Steel Tanks located off of UP in Texas \/ Mexico Border. Last used in surfactant. Cars are currently clean.<\/li>\n\n\n\n<li>100, 28.4K DOT 117J Tanks located off of UP or BNSF in Beaumont, TX. Cars are currently clean.<\/li>\n\n\n\n<li>50, 30K DOT117J Tanks located off of UP or BNSF in the South. Last used in ethanol.<\/li>\n\n\n\n<li>30, 30K DOT 117R Tanks located off of BNSF in Washington. Last used in renewable jet fuel.<\/li>\n\n\n\n<li>80, 30K DOT 117R Tanks located off of BNSF in Washington. Last used in renewable diesel.<\/li>\n\n\n\n<li>10, 30K DOT 117R Tanks located off of BNSF in Washington. Last used in renewable naphtha.<\/li>\n\n\n\n<li>10, 29K DOT 117R Tanks located off of BNSF and UP in Texas. Last used in gasoline additive. Coiled and Insulated.<\/li>\n\n\n\n<li>39, 31K CPC1232 Tanks located off of All Class 1s in Iowa. Last used in diesel.<\/li>\n\n\n\n<li>99, 31K CPC1232 Tanks located off of BNSF and UP in Texas. Last used in diesel.<\/li>\n\n\n\n<li>1, 31K CPC1232 Tanks located off of BNSF and UP in Texas. Last used in naphtha.<\/li>\n\n\n\n<li>2, 30K DOT 117R Tanks located off of BNSF and UP in Texas. Last used in giesel.<\/li>\n\n\n\n<li>1, 30K DOT 117R Tanks located off of BNSF and UP in Texas. Last used in gas blend stock.<\/li>\n\n\n\n<li>3, 30K DOT 117R Tanks located off of BNSF and UP in Texas. Last used in gasoline.<\/li>\n\n\n\n<li>36, 31K CPC1232 Tanks located off of CPKC in Texas. Last used in diesel.<\/li>\n\n\n\n<li>6, 31K CPC1232 Tanks located off of CPKC in Texas. Last used in naphtha.<\/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>81, 31.8K CPC1232 Tanks located off of UP or BNSF in TX. Last used in Multiple Services. Requal Due in 2025.<\/li>\n\n\n\n<li>35, 3400CF Covered Hoppers located off of UP or BNSF in the Midwest. Last used in Sand.<\/li>\n\n\n\n<li>25, 30K 117J Tanks located off of CSX in Jackson, TN. Last used in Fuels. Newly Requalified.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><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 Resort<\/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 class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cYou cannot over-invest in communication skills.\u201d \u2014 Indra Nooyi Jobs Update Initial jobless claims seasonally adjusted for the week ending May 16, 2026 came in at 209,000, versus the adjusted number of 212,000 people from the week prior, down 3,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted number [&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-20545","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 v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Railcar Market Report for May 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-5-26-2026\/\" \/>\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\" content=\"29 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-5-26-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"PFL Railcar Report 5-26-2026\",\"datePublished\":\"2026-05-25T15:56:56+00:00\",\"dateModified\":\"2026-05-26T11:32:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/\"},\"wordCount\":5383,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/#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-5-26-2026\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/\",\"name\":\"The PFL Railcar Market Report for May 25, 2026\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/train-1391314_1280.jpg\",\"datePublished\":\"2026-05-25T15:56:56+00:00\",\"dateModified\":\"2026-05-26T11:32:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-5-26-2026\\\/#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-5-26-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PFL Railcar Report 5-26-2026\"}]},{\"@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 May 25, 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-5-26-2026\/","twitter_misc":{"Written by":"guida","Est. reading time":"29 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/"},"author":{"name":"guida","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d"},"headline":"PFL Railcar Report 5-26-2026","datePublished":"2026-05-25T15:56:56+00:00","dateModified":"2026-05-26T11:32:21+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/"},"wordCount":5383,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#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-5-26-2026\/","url":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/","name":"The PFL Railcar Market Report for May 25, 2026","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/03\/train-1391314_1280.jpg","datePublished":"2026-05-25T15:56:56+00:00","dateModified":"2026-05-26T11:32:21+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-5-26-2026\/#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-5-26-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 5-26-2026"}]},{"@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\/20545","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=20545"}],"version-history":[{"count":11,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/20545\/revisions"}],"predecessor-version":[{"id":20592,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/20545\/revisions\/20592"}],"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=20545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=20545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=20545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}