{"id":20841,"date":"2026-06-28T13:15:56","date_gmt":"2026-06-28T17:15:56","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=20841"},"modified":"2026-06-28T13:23:45","modified_gmt":"2026-06-28T17:23:45","slug":"pfl-railcar-report-6-29-2026","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-6-29-2026\/","title":{"rendered":"PFL Railcar Report 6-29-2026"},"content":{"rendered":"\n<h5 class=\"wp-block-heading has-text-align-center\"><strong><em><strong><em>\u201cEvery time you tear a leaf off a calendar, you present a new place for new ideas and progress.\u201d &#8211; Charles Kettering<\/em><\/strong><\/em><\/strong><\/h5>\n\n\n\n<center><iframe width=\"100%\" style=\"width: 100%; aspect-ratio: 16 \/ 9;\" src=\"https:\/\/www.youtube.com\/embed\/jRC3MFOqfmY\" 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 June 20, 2026 came in at 215,000<\/strong>, versus the adjusted number of 227,000 people from the week prior, down 12,000 people week over week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-82-1024x550.png\" alt=\"\" class=\"wp-image-20862\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-82-1024x550.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-82-300x161.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-82-768x413.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-82.png 1303w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Continuing jobless claims came in at 1,821,000<\/strong>, versus the adjusted number of 1,800,000 people from the week prior, up 21,000 week-over-week.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-83-1024x550.png\" alt=\"\" class=\"wp-image-20863\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-83-1024x550.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-83-300x161.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-83-768x413.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-83.png 1303w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Stocks closed lower on Friday of last week and mixed week-over-week<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The DOW closed lower on Friday of last week, down -44.51 points (-0.09%), closing out the week at 51,876.11,&nbsp;<\/u><\/strong>up 311.41 points week-over-week.&nbsp;<strong><u>The S&amp;P 500 closed lower on Friday of last week, down -3.47 points (-0.05%), and closed out the week at 7,354.02,&nbsp;<\/u><\/strong>down -146.56 points week-over-week.&nbsp;<strong><u>The NASDAQ closed lower on Friday of last week, down -60.99 points (-0.24%), and closed out the week at 25,297.62,&nbsp;<\/u><\/strong>down -1,220.31 points week-over-week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>In overnight trading, DOW futures traded higher and are expected to open at&nbsp;______&nbsp;this morning,&nbsp;up\/down ______&nbsp;points from Friday\u2019s close.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Crude oil closed mixed on Friday of last week and lower week-over-week<\/h4>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>West Texas Intermediate (WTI) crude closed down -2.69 per barrel (-3.74%), to close at $69.23\u00a0<\/strong>on Friday of last week, and down $7.37 week-over-week.\u00a0<strong>Brent crude closed down -3.27 per barrel<\/strong>\u00a0(-4.34%), to close at $71.99, and down $7.86 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 August delivery settled on Thursday of last week at US$13.90 below the WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average).<\/strong> The implied value was US$57.46 per barrel.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>U.S. commercial crude oil inventories<\/strong>\u00a0(excluding those in the Strategic Petroleum Reserve)\u00a0<strong>decreased by 6.1 million barrels week-over-week<\/strong>. At 412.1 million barrels,\u00a0<strong>U.S. crude oil inventories are 7% below the five-year average for this time of year.<\/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\/06\/image-72.png\" alt=\"\" class=\"wp-image-20845\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-72.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-72-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-72-768x395.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 increased by 2.1 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\/06\/image-73.png\" alt=\"\" class=\"wp-image-20846\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-73.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-73-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-73-768x395.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 3.1 million barrels week-over-week<\/strong>\u00a0and are 10% 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\/06\/image-75.png\" alt=\"\" class=\"wp-image-20848\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-75.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-75-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-75-768x395.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 2.6 million barrels week-over-week<\/strong>&nbsp;and are 35% 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\/06\/image-76.png\" alt=\"\" class=\"wp-image-20849\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-76.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-76-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-76-768x395.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 71.9 cents per gallon on Friday of last week, down 6 cents per gallon week-over-week<\/strong>, and down 8.7 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\/06\/image-77.png\" alt=\"\" class=\"wp-image-20850\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-77.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-77-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-77-768x395.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong><u><br>Overall, total commercial petroleum inventories decreased by 500,000 barrels week-over-week<\/u><\/strong>&nbsp;during the week ending June 19, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil imports averaged 5.6 million barrels per day during the week ending June 19, 2026<\/u><\/strong>,&nbsp;<strong><u>an increase of 436,000 barrels per day week-over-week.<\/u><\/strong>&nbsp;Over the past four weeks,&nbsp;<strong><u>crude oil imports averaged 5.7 million barrels per day<\/u><\/strong>, 4.1% 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 647,000 barrels per day, and distillate fuel imports averaged 135,000 barrels per day during the week ending June 19, 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\/06\/image-78.png\" alt=\"\" class=\"wp-image-20851\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-78.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-78-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-78-768x395.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 4.669 million barrels per day during the week ending June 19, 2026<\/strong>, an increase of 342,000 barrels per day week-over-week. Over the past four weeks, crude oil exports averaged 4.928 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\/06\/image-79.png\" alt=\"\" class=\"wp-image-20852\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-79.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-79-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-79-768x395.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 refinery inputs averaged 17.1 million barrels per day<\/strong>&nbsp;during the week ending June 19, 2026,&nbsp;<strong>which was 81,000 barrels per day less week-over-week.<\/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\/06\/image-80.png\" alt=\"\" class=\"wp-image-20853\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-80.png 777w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-80-300x154.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-80-768x395.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 $75.36, down -$0.50 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 June 24, 2026:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total North American weekly rail volumes were up (+7.23%) in week 26, compared with the same week last year.<\/u><\/strong>&nbsp;Total Carloads for the week ending June 24, 2026 were 333,212, up (+1.90%) compared with the same week in 2025, while weekly Intermodal volume was 352,664, up (+12.81%) year over year. 9 of the AAR\u2019s 11 major traffic categories posted year-over-year increases. The largest decrease came from Coal (-7.17%). The largest increase was Intermodal Units (+12.81%).<\/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 (+9.12%),<\/u><\/strong>&nbsp;with the largest decrease coming from Motor Vehicles and Parts (-2.11%), while the largest increase came from Other (+19.95%).&nbsp;<strong><u>NS\u2019s total volumes were up (+6.87%),<\/u><\/strong>&nbsp;with the largest increase coming from Petroleum &amp; Petroleum Products (+19.39%), while the largest decrease came from Grain (-19.06%).<\/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 (+12.52%),<\/u><\/strong>&nbsp;with the largest increase coming from Metallic Ores and Metals (+38.56%), while the largest decrease came from Coal (-26.70%).&nbsp;<strong><u>UP\u2019s total volumes were up (+5.23%),<\/u><\/strong>&nbsp;with the largest increase coming from Grain (+21.23%), while the largest decrease came from Coal (-18.12%).<\/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 down (-3.79%),<\/u><\/strong>&nbsp;with the largest increase coming from Petroleum &amp; Petroleum Products (+7.21%), while the largest decrease came from Coal (-26.70%).&nbsp;<strong><u>CPKCS\u2019s total volumes were up (+1.69%),<\/u><\/strong>&nbsp;with the largest increase coming from Metallic Ores and Metals (+36.76%), while the largest decrease came from Coal (-19.03%).<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Source Data: AAR &#8211; PFL Analytics<\/strong><\/h5>\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 +10 rigs week-over-week, and up by +26 rigs year-over-year.<\/strong> The US currently has 573 active rigs. <strong>Canada&#8217;s rig count was up by +11 rigs week-over-week and up by +57 rigs year-over-year.<\/strong> Canada currently has 197 active rigs. Overall, year-over-year we are up by +83 rigs collectively.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"303\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-84-1024x303.png\" alt=\"\" class=\"wp-image-20864\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-84-1024x303.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-84-300x89.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-84-768x227.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-84.png 1502w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"527\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-85-1024x527.png\" alt=\"\" class=\"wp-image-20865\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-85-1024x527.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-85-300x155.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-85-768x396.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-85.png 1359w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We are watching a few things out there for you:<\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching Petroleum Carloads<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The four-week rolling average of petroleum carloads carried on the six largest North American railroads rose to 29,667 from 29,476 which was an increase of +191 rail cars week-over-week. Canadian volumes were lower.<\/strong><strong> <\/strong>CN\u2019s shipments were lower by -3.0% week-over-week, CPKC\u2019s volumes were lower by -5.0% week-over-week. <strong>U.S. shipments were mostly higher<\/strong>. The UP was the sole decliner and was down by -1.0%. The CSX had the largest percentage increase and was up by +9.0% 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 ongoing emergency drawdown of the U.S. Strategic Petroleum Reserve (SPR) remains a major component of global efforts to offset crude oil supply disruptions stemming from the conflict involving Iran and the continued restrictions on oil shipments through the Strait of Hormuz.<\/strong> Since March, the Department of Energy (DOE) has awarded exchanges covering more than 80 million barrels of crude oil, with additional releases expected as part of a broader international response coordinated through the International Energy Agency (IEA).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The United States committed to making up to 172 million barrels available from the SPR under the IEA\u2019s collective plan to inject roughly 400 million barrels into global energy markets. Officials have argued that the releases are necessary to help stabilize crude supplies and limit further increases in fuel prices as refiners compete for replacement barrels amid ongoing transportation disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>As releases have accelerated, inventories in the SPR have declined to 331.191 million barrels<\/strong>, down sharply from levels above 450 million barrels earlier this year and reaching their lowest level since January 2024. Recent weekly withdrawals have ranked among the largest on record, highlighting the scale of the government&#8217;s intervention in oil markets. On average, since the war started with Iran,<strong> the United States has withdrawn approximately 1.13 million barrels per day from the SPR through the week ending June 19, 2026.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Global petroleum inventories have also tightened considerably<\/strong>. The IEA has reported substantial draws in commercial crude and refined-product stockpiles across major consuming nations, underscoring the strain that the conflict has placed on world energy markets. Agency officials have indicated that further coordinated actions remain possible should supply disruptions persist or intensify.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Administration continues to emphasize that the current program consists primarily of exchange agreements, rather than outright sales<\/strong>. Under these arrangements, companies receiving crude oil today are required to return the borrowed barrels in the future along with additional volumes as a premium. Energy Secretary Chris Wright has stated that the objective is to eventually restore the SPR to levels above those that existed prior to the current emergency releases.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"797\" height=\"460\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-86.png\" alt=\"\" class=\"wp-image-20866\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-86.png 797w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-86-300x173.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-86-768x443.png 768w\" sizes=\"auto, (max-width: 797px) 100vw, 797px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching Canadian Crude by Rail<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Canadian Energy regulator reported on June 20, 2026, that 84,534 barrels were exported during the month of April 2026, up from 74,248 barrels in February of 2026<\/strong><strong>,<\/strong> an increase of 10,286 barrels per day month-over-month.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"588\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-87-1024x588.png\" alt=\"\" class=\"wp-image-20867\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-87-1024x588.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-87-300x172.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-87-768x441.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-87.png 1077w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Crude by rail will always be necessary out of Canada for stranded oil not connected by pipelines. Raw bitumen, which is shipped as a non-haz product and is not able to flow in pipelines<\/strong>, is competitive with pipeline tolls and is a growing market to keep an eye on. We really need to see basis WTI-CMA (West Texas Intermediate \u2013 Calendar Month Average) blowout to -18 per barrel for sustained periods of time to make economic sense. <strong>Current rail rates from Alberta to the U.S. Gulf Coast have averaged roughly $17 per barrel, making rail competitive whenever WCS-WTI spreads exceed $18 per barrel, including quality adjustments.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is not a fleet that switches overnight: car owners and lessors want five-year commitments, the Class Ones expect similar term, and new 117J cars carry one to two year build times.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PFL is fielding questions from shippers weighing whether to secure term coverage now rather than chase cars into a tightening market. <strong>Locking equipment ahead of a constraint is a very different exercise than scrambling for it after the spread blows out but this is an expensive proposition<\/strong>. One consideration is the outright price of oil itself now that the Iran situation seems somewhat contained (there were a few skirmishes over the weekend &#8211; Iran shoot at ships and us taking out more targets)&nbsp; &#8211; If crude were to go to $50 per barrel and basis went to -30, that would mean a Canadian producer would get paid $20 per barrel, well below production costs and that is where we would see crude by rail collapse as it did in February 2020 where crude by rail out of Canada was running at 420,000 and overnight dropped to 50,000 barrels per day..<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Continue to Watch the UP and the NS&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Union Pacific and Norfolk Southern merger drew fresh scrutiny last week as board member Karen Hedlund faced the Senate Commerce Committee at a June 24 hearing on her renomination to the Surface Transportation Board. <strong>Pressed by Chairman Ted Cruz and Senator Tammy Baldwin, Hedlund called maintaining competition in an already concentrated rail industry \u201ca significant concern\u201d and pointed to the enhanced-competition standard the Board adopted in 2001<\/strong>. She added that any retaliation against shippers who oppose the deal would be unacceptable, after Baldwin cited reports that Union Pacific had threatened exactly that, a charge the railroad denies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The hearing landed in the middle of a fight over the clock. <strong>The Board accepted the revised application on May 28th, but held the proceeding in abeyance and ordered the railroads to file supplemental information by July 27th before any formal review begins. <\/strong>Union Pacific chief executive Jim Vena has argued the twelve-month statutory review clock started ticking on May 28, pointing toward a decision by mid-2027, while the Stop the Rail Merger Coalition, which includes BNSF, CPKC, the American Chemistry Council and the Teamsters, has accused the railroad of trying to rush an incomplete process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transaction would create the first U.S. transcontinental railroad, a network of roughly 55,000 miles handling about half of the country\u2019s rail freight, which the applicants say would speed transit by 24 to 48 hours and take more than two million trucks off the road. <strong>For shippers with corridor or interchange exposure, the weeks before the July 27 filing are a planning window, not a waiting room. <\/strong>PFL is helping customers map how single-line routing across a combined network would reshape their movements, well ahead of any Board decision.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching the Trona Railway<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Searles Valley Minerals filed for Chapter 11 bankruptcy on June 15 in Delaware, pulling its short-line Trona Railway into a court-supervised sale of substantially all the company\u2019s assets. <strong>The borate, sodium sulfate and salt producer, owned by India\u2019s Nirma, will market the railway alongside its Westend boron plant, mineral reserves and a local water utility under a Section 363 process run by Lazard. <\/strong>Operations continue during the case, funded by twenty million dollars from the parent and an interest-free twenty million dollar advance from Tata Chemicals North America.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The filing follows a brutal stretch for the Searles Lake complex. <strong>The company mothballed its soda ash operations in February and cut roughly half of its workforce, citing damage from the 2019 Ridgecrest earthquakes, a flood of low-priced Chinese soda ash, and a fiscal-year loss near seventy-one million dollars. <\/strong>The Trona Railway, which connects the Searles Lake facilities to the Union Pacific main line, keeps running and moving product to interchange while the sale proceeds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The piece worth watching is on the equipment side. <strong>A July 7th omnibus hearing will take up rejection of the railcar leases tied to the idled soda ash operations, which would send those cars back to lessors and into a market already absorbing returned equipment. <\/strong>PFL works with owners and shippers on exactly this kind of redeployment, and a short-line changing hands is often where covered-hopper and specialty fleets get repriced.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><em>We Are Watching Cargo Theft<\/em><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Cargo theft is running about 60% ahead of last year and now costs U.S. businesses an estimated $35 billion annually, the backdrop for a product Samsara rolled out last Wednesday at its Las Vegas conference. <strong>The new Tracking Label is a single-use, paper-thin Bluetooth tag that reports a shipment\u2019s location in near real time off the company\u2019s network of millions of connected vehicles and devices, with no action required from the carrier. <\/strong>It carries a 45-day battery, no lithium or hazardous materials, and ships cleared for air, ground and rail.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pitch is visibility between scans, the blind stretch where freight typically goes dark from pickup to delivery. <strong>For high-value rail and intermodal loads, a disposable tag that clears rail out of the box is a cheaper answer than the GPS and cellular trackers shippers have leaned on, and it arrives as organized theft rings grow more sophisticated. <\/strong>Early adopters are using it on electronics and other high-value cargo, the same loads that draw the most attention from thieves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether a sticker-sized tracker meaningfully dents a $35 billion problem is an open question, but the direction of travel is clear. <strong>Loss prevention is becoming a data exercise, and the equipment moving high-value freight is getting smarter whether the cars are owned, leased or interchanged. <\/strong>We will be watching how quickly the rail side adopts it.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We Are Watching Key Economic Indicators<\/strong><\/h4>\n\n\n\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Consumer Spending<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In May 2026, total consumer spending adjusted for inflation rose 0.3%<\/strong> from April 2026, accelerating from the 0.1% increase recorded in April and reflecting continued resilience in household demand despite rising inflation and debt pressures. Consumer spending remained supported by solid income growth, tax refunds, and a strong labor market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Inflation-adjusted spending on goods and services both contributed to the increase in May, with consumer demand remaining broad-based across categories. Services spending continued to outperform goods spending, extending the long-running trend of stronger service-sector consumption as households allocate a larger share of spending toward travel, healthcare, recreation, and other service-related activities.<\/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\/06\/image-88.png\" alt=\"\" class=\"wp-image-20868\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-88.png 800w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-88-300x158.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/06\/image-88-768x403.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Lease Bids<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>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&nbsp; 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>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 Condensate service. Period: 6-12 Months. Mag Rods Not Needed.<\/li>\n\n\n\n<li>100, 28.3K DOT 111 or 117 Tanks located off of CP or CN in Canada. For use in VGO service. Period: 1-3 Years.<\/li>\n\n\n\n<li>5, 28.3K DOT 111 or 117 Tanks located off of CN in Canada. For use in Bitumen service. Period: Trip Lease.<\/li>\n\n\n\n<li>5-10, 25.5K DOT 111 Tanks located off of CN in Canada. For use in Caustic service. Period: 3-6 Months.<\/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<\/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        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'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>\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\/06\/SWARS-Arlington-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: Loews Arlington Hotel<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519), David Cohen (954-729-4774), and Curtis Chandler (239-405-3365) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.swrailshippers.com\/event\/2026-semi-annual-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/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\/06\/AAR-Dallas-2026.jpg\" alt=\"AARs\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: The Westin Galleria Dallas<\/li>\r\n\t\t<li>Attending: David Cohen (954-729-4774), and Curtis Chandler (239-405-3365) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.aar.org\/issue\/aar-tank-car-committee\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/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\/06\/SEARS-Norfolk-2026.jpg\" alt=\"sears\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: The Westin Galleria Dallas<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.serailshippers.com\/event\/sears-fall-2026-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>\u201cEvery time you tear a leaf off a calendar, you present a new place for new ideas and progress.\u201d &#8211; Charles Kettering Jobs Update Initial jobless claims seasonally adjusted for the week ending June 20, 2026 came in at 215,000, versus the adjusted number of 227,000 people from the week prior, down 12,000 people week [&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-20841","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 v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Railcar Market Report for June 28, 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-6-29-2026\/\" \/>\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=\"19 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