{"id":2733,"date":"2021-02-01T10:22:14","date_gmt":"2021-02-01T15:22:14","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=2733"},"modified":"2023-07-28T10:57:12","modified_gmt":"2023-07-28T14:57:12","slug":"pfl-railcar-report-2-1-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-2-1-2021\/","title":{"rendered":"PFL Railcar Report 2-1-2021"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote has-text-align-center is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em><strong><strong><strong><strong><strong><strong>\u201cWhile you can&#8217;t control adverse circumstances, you can choose an attitude that helps you endure them, or benefit from, those circumstances.\u201d \u2013 Dave Anderson<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/em><\/p>\n<\/blockquote>\n\n\n\n<center><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/YGrIL8f10ck\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/center>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>COVID-19 <\/strong><\/h2>\n\n\n\n<p>The United States currently has <strong><u>26,767,229 confirmed COVID 19 cases and 452,279 confirmed deaths.<\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">US Jobless Claims<\/h3>\n\n\n\n<p><strong><u>The number of Americans applying for unemployment benefits fell, but remained at a historically high 847,000 people last week. <\/u><\/strong>This is a sign that layoffs keep coming as the economy struggles due primarily at this point to forced shut downs.<\/p>\n\n\n\n<p><strong><u>Last week\u2019s claims dropped by 67,000, from 914,000<\/u><\/strong> the week before, the Labor Department said on &nbsp;Thursday of last week. Before the virus hit the United States hard last March, weekly applications for jobless aid had never topped 700,000.<\/p>\n\n\n\n<p>Tempering last week\u2019s bigger-than-expected drop in claims: The four-week moving average rose by more than 16,000 last week to 868,000, the highest since September.<\/p>\n\n\n\n<p>&nbsp;<strong><u>Overall, nearly 4.8 million Americans received traditional state unemployment benefits the week of Jan. 16. <\/u><\/strong>That is down from nearly 5 million the week before and far below a staggering peak of nearly 25 million in May when the virus and subsequent shutdown of the economy brought economic activity to a near halt. The drop suggests that some of the unemployed are finding new jobs and that others have exhausted state benefits.<\/p>\n\n\n\n<p>There is optimism by some that COVID-19 vaccines will end the health crisis, state economies will reopen that have not done so already and the economy will stabilize. <strong><u>The United States is now recording just under 150,000 new coronavirus cases a day.<\/u><\/strong> That is down from nearly 250,000 a day early this month but still more than twice the levels seen from March until resurgence in cases in late October.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><strong><strong><strong><strong><strong><strong><strong>Markets Close Lower Week over Week<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<p><strong><u>The Dow closed lower on Friday of last week, down -620.74 points (-2.03%) closing out the week at 29,982.62 <\/u><\/strong>points, down 1,014.36 points week over week.&nbsp; <strong><u>The S&amp;P 500 closed lower on Friday of last week, down -73.14 points (-1.93%) closing out the week at 3,714,24 points<\/u><\/strong>, down 54.01 points week over week. &nbsp;&nbsp;<strong><u>The Nasdaq also closed lower on Friday of last week, down -266.46 points (-2.00%) closing out the week at 13,070.69 <\/u><\/strong>points, down 472.37 points week over week.<\/p>\n\n\n\n<p><strong><u>In overnight trading, DOW futures traded higher and are expected to open up this morning<strong>&nbsp;242&nbsp;<\/strong>points.<\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Oil Markets Relatively Stable Week over Week<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<p><strong><u>WTI<\/u><\/strong> crude oil for March delivery <strong><u>fell -$0.14 to $52.20<\/u><\/strong> a barrel Friday of last week. <strong><u>Brent <\/u><\/strong>crude oil for April delivery fell<strong><u> -$0.06 to $55.04<\/u><\/strong> a barrel, while the March contract increased 35 cents to close at $55.88 per barrel.<\/p>\n\n\n\n<p><strong><u>U.S. commercial crude oil inventories decreased by 9.9 million barrels week over week.<\/u><\/strong> At 476.7 million barrels, U.S. crude oil inventories are 5% above the five year average for this time of year. <strong><u>Total motor gasoline inventories increased by 2.5 million barrels<\/u><\/strong> last week and are 3% below the five year average for this time of year. Finished gasoline and blending components inventories both increased last week. <strong><u>Distillate fuel inventories decreased by 0.8 million barrels<\/u><\/strong> last week and are 8% above the five year average for this time of year. <strong><u>Propane\/propylene inventories decreased by 2.2 million barrels<\/u><\/strong> last week and are&nbsp; 9% below the five year average for this time of year. Total commercial petroleum inventories decreased by 11.7 million barrels last week.<\/p>\n\n\n\n<p><strong><u>U.S. crude oil imports averaged 5.1 million barrels per day last week,<\/u><\/strong> a decrease by 1.0 million barrels per day week over week. Over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, <strong><u>13.9% less than the same four-week period last year.<\/u><\/strong> Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 465,000 barrels per day, and distillate fuel imports averaged 474,000 barrels per day.<\/p>\n\n\n\n<p><strong><u><strong><u>Oil is higher in overnight trading and, as of the writing of this report, WTI is poised to open at 52.68, up 48 cents per barrel from Friday\u2019s close<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Rig Count<\/h3>\n\n\n\n<p><strong><u>North America rig count is up by 8 rigs week over week.&nbsp; The U.S. gained 6 rigs<\/u><\/strong> week over week. The U.S. currently has 384 active rigs. <strong><u>Canada\u2019s rig count was up by 2 rigs week over week<\/u><\/strong> and Canada\u2019s overall rig count is 174 active rigs.&nbsp; <strong><u>Year over year we are down 479 rigs collectively.<\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong>North American Rig Count Summary<\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"213\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/NARC-2121.png\" alt=\"\" class=\"wp-image-2768\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/NARC-2121.png 650w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/NARC-2121-300x98.png 300w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><figcaption class=\"wp-element-caption\">Source : Baker Hughes<\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">North American Rail Traffic<\/h3>\n\n\n\n<p><strong><u>Total North American rail volumes were up 7.4% year over year in week 3<\/u><\/strong> (U.S. +9.0%, Canada +4.2%, Mexico +1.0%) resulting in year to date volumes that are up 6.3% year over year (U.S. +6.5%, Canada +8.8%, Mexico -4.8%). 4 of the AAR&#8217;s 11 major traffic categories posted year over year increases with the largest increases coming from intermodal (+14.4%) and grain (+30.9%). The largest decrease came from petroleum (-15.4%).<\/p>\n\n\n\n<p>In the East, <strong><u>CSX\u2019s total volumes were up 9.2%,<\/u><\/strong> with the largest increase coming from intermodal (+21.2%). The largest decrease came from coal (-8.8%). <\/p>\n\n\n\n<p><strong><u>NS\u2019s total volumes were up 10.8%,<\/u><\/strong> with the largest increase coming from intermodal (+17.1%). The largest decrease came from petroleum (-35.8%).<\/p>\n\n\n\n<p>In the West, <strong><u>BN\u2019s total volumes were up 8.4%,<\/u><\/strong> with the largest increases coming from intermodal (+19.6%) and grain (+25.9%). The largest decreases came from coal (-16.5%) and petroleum (-17.4%). <strong><u>UP\u2019s total volumes were up 3.8%, <\/u><\/strong>with the largest increases coming from intermodal (+9.7%) and grain (+24.7%). The largest decreases came from stone sand &amp; gravel (-22.0%) and petroleum (-16.5%).<\/p>\n\n\n\n<p>In Canada, <strong><u>CN\u2019s total volumes were up 4.8%,<\/u><\/strong> with the largest increases coming from intermodal (+13.8%) and grain (+80.3%). The largest decreases came from metallic ores (-17.5%) and petroleum (-20.0%). RTMs were up 9.7%. <strong><u>CP\u2019s total volumes were up 2.6%,<\/u><\/strong> with the largest increases coming from coal (+33.8%) and grain (+34.1%). The largest decrease came from petroleum (-30.3%). RTMs were up 0.8%.<\/p>\n\n\n\n<p><strong><u>KCS\u2019s total volumes were up 5.6%,<\/u><\/strong> with the largest increase coming from petroleum (+27.5%).<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Things we are keeping an eye on<\/h3>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">We are Watching DAPL<\/h4>\n\n\n\n<p><strong><u> A U.S. appeals court dealt a blow to the Dakota Access crude oil pipeline on Tuesday of last week, upholding a lower court\u2019s decision to throw out a key federal permit for the line and ordered a lengthy environmental review that will determine if it can keep operating.&nbsp; <\/u><\/strong>The decision is the latest in a series of legal and regulatory setbacks for the U.S. energy industry. &nbsp;Last week, regulators denied permits to notable natural gas pipelines, while the new Biden administration effectively killed the Keystone XL pipeline project and is soon expected to limit oil and gas drilling on federal lands.&nbsp; <strong><u>Tuesday\u2019s court ruling raises the chances that Energy Transfer\u2019s 557,000 bbl\/d Dakota Access Pipeline (DAPL) will be shut pending environmental review.&nbsp; <\/u><\/strong>Supporters of DAPL said closing the primary artery for delivering crude from North Dakota&#8217;s Bakken field, could hurt output in the shale region, which produces more than one million bbls\/d of oil.&nbsp; The U.S. Court of Appeals for the District of Columbia ruling means the U.S. Army Corps of Engineers will have to conduct another environmental review that could take months. <strong><u>The line can remain open, however, as the appeals court disagreed with a lower court ruling that ordered the line shut while the environmental review is being conducted.<\/u><\/strong>&nbsp; As background in July, the district court ruled that the U.S. Army Corps of Engineers violated federal environmental law when it permitted Energy Transfer to construct and operate a portion of DAPL that crosses Lake Oahe, a drinking water source for native tribes that brought the suit and want the pipeline shut down. <strong><u>&nbsp;Attorneys for the Standing Rock Sioux tribe say the Biden administration could shut the line now.<\/u><\/strong> The Standing Rock tribe has filed for an injunction to shut the pipeline while the environmental review is underway.&nbsp; &#8220;We look forward to showing the U.S. Army Corps of Engineers why this pipeline is too dangerous to operate,&#8221; said Standing Rock Sioux Tribe chairman Mike Faith.&nbsp; Shippers who use the line told Reuters on Tuesday that because the line can remain open, it is, for now, a win for Energy Transfer. Because the appeals court upheld the rulings, the Biden administration could force the line to close, said Height Capital Markets analyst Josh Price. However, he said the administration is more likely to allow the pipeline to keep operating while the review is conducted.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We are watching CP who is bullish on crude by rail out of Canada<\/strong><\/h4>\n\n\n\n<p>CP expects its crude-by-rail business will benefit from U.S. President Joe Biden\u2019s formal revoking of the permit needed to build the Keystone XL pipeline, which would have carried some 830,000 bbls\/d of Alberta &nbsp;crude to the U.S.&nbsp; On an earnings call Wednesday of last week President and CEO of CP Keith Creel&nbsp; said:<\/p>\n\n\n\n<p><strong><u>\u201cWe think that this creates more support for scaling up and expansion of the DRU, and so we\u2019re bullish on that opportunity, while pipeline capacity will eventually \u201ccatch up\u201d to meet demand, Biden\u2019s decision means it will take longer to do so\u201d. <\/u><\/strong>Ultimately, he believes there are opportunities for both pipelines and crude-by-rail. A diluent recovery unit, abbreviated as DRU, allows an oil company to extract the condensate used to allow bitumen to be transported via pipeline. Bitumen is usually too viscous to flow in a pipeline therefore it has to be blended with condensate to flow in a pipeline. Condensate usually trades a premium to West Texas Intermediate (&#8220;WTI&#8221;), so adding condensate to dilute bitumen reduces the producers&#8217; returns.&nbsp; Taking the condensate out of the crude oil and loaded onto a coiled and insolated rail car while still warm enhances producer returns.&nbsp; Raw bitumen is considered a non- haz product for transport on rail and receives preferential shipping rates making it competitive with pipelines (so we are told).&nbsp;<\/p>\n\n\n\n<p><strong><u>CP is bullish because<\/u><\/strong> in December 2019, Gibson Energy Inc. and US Development Group LLC (USD) agreed to build and operate a diluent recovery unit (DRU) near Hardisty, Alberta using USD\u2019s patented technology. &nbsp;The project was to take between 18 months and two years to complete and it expected to be online sometime in Q2.&nbsp; &nbsp;ConocoPhillips Canada contracted to process 50,000 bbls\/d of inlet bitumen blend through the DRU, which CP and Kansas City Southern Railway Company would ship to the U.S. Gulf Coast.<\/p>\n\n\n\n<p><strong><u>&nbsp;\u201cThe most exciting part about the DRU is that it scales up,\u201d Creel said, adding the project is protected, it is \u201cpipeline-competitive\u201d and \u201cenvironmentally competitive,\u201d and it comes with 10-year contracts. \u201cAnd so, across the board, that DRU piece is really, really exciting.<\/u><\/strong>&nbsp;<\/p>\n\n\n\n<p><strong><u>\u201cGiven the facility being build right now will come online by midyear, and we exclusively service it in Hardisty, and it\u2019s scalable and can go up to twice as large as it is coming out of the gate, that\u2019s really exciting.\u201d Creel Added<\/u><\/strong><\/p>\n\n\n\n<p>Please see overview of the Hardisty DRU operation below:<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Diluent Recovery Unit Project<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"944\" height=\"338\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/gibsons.png\" alt=\"\" class=\"wp-image-2769\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/gibsons.png 944w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/gibsons-300x107.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/01\/gibsons-768x275.png 768w\" sizes=\"auto, (max-width: 944px) 100vw, 944px\" \/><figcaption class=\"wp-element-caption\">Source: Gibson Energy<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>We are watching Enbridge Line 5<\/strong><\/h4>\n\n\n\n<p><strong><u>In other news regarding yet another pipeline battle Enbridge\u2019s Line 5 is going ahead.&nbsp; <\/u><\/strong>Michigan&#8217;s environmental agency said on Friday of last week it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes. <strong><u>The decision, which is a victory for Enbridge Inc., <\/u><\/strong>comes as the company resists Democratic Gov. Gretchen Whitmer&#8217;s demand to shut down its 68-year-old line in the Straits of Mackinac. Enbridge disputes her claim \u2013 which is echoed by environmentalists and native tribes \u2013\u2013 that the pipeline segment crossing 6.4-kilometre-wide waterway is unsafe. The project required permits from the state Department of Environment, Great Lakes and Energy and the U.S. Army Corps of Engineers. Liesl Clark, director of the Michigan agency and a Whitmer appointee, said the company&#8217;s application satisfied state legal requirements. <strong><u>Enbridge has pledged to cover all costs of the $500 million project, which it says will be completed by 2024.<\/u><\/strong>&nbsp; Environmental groups and tribes fighting to decommission Enbridge&#8217;s Line 5, which transports oil and natural gas liquids used in propane between Superior and Sarnia also oppose the tunnel. They say it would pollute the waters, harm fish and damage shoreline wetlands while boosting use of fossil fuels that contribute to global warming.&nbsp; <strong><u>The permit approval is &#8220;a huge disappointment,&#8221; said Liz Kirkwood, executive director of Traverse City-based For Love of Water, saying there was \u201ccompelling evidence of significant environmental harm.\u201d<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Petroleum By Rail<\/strong><\/h4>\n\n\n\n<p><strong><u>The four-week rolling average of petroleum carloads carried on the six largest North American railroads rose to 27,405 <\/u><\/strong>from 26,242 week over week.&nbsp; Canadian volumes were mixed.&nbsp; <strong><u>CP shipments fell by 4.6% and CN volumes were up by 7.1%.<\/u><\/strong>&nbsp; U.S. rail road operators were also mixed but up overall<strong><u>.&nbsp; NS had the largest percentage loss, down by 2.3%. While CSX had the largest percentage increase and was up by 8.0%.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Biden Administration &#8211; Electric Cars<\/h4>\n\n\n\n<p><strong><u>President Joe Biden ordered last week the federal government to buy electric vehicles made in America with union labor. There\u2019s just one problem: No such vehicles exist.&nbsp; <\/u><\/strong>Tesla Inc., the leading U.S. electric vehicle manufacturer, has several American-made models, but it isn\u2019t unionized. While General Motors Co. employs union labor to make the electric Chevrolet Bolt, roughly three-quarters of its components come from outside the U.S. &#8212; missing the 50% threshold to be considered American-made under federal procurement law.&nbsp; The American Fuel and Petrochemical Manufacturers (AFPM) has been contacting state and national representatives of the corn and biofuel industries in recent weeks to seek support for a policy that would reduce the carbon intensity of transport fuels and block efforts to provide federal subsidies for electric vehicles.&nbsp; Farmers across the U.S. could be impacted in a big way together with biofuel producers who rely on blending with conventional gasoline and diesel.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Biden Administration &#8211; CDC Travel Restrictions<\/h4>\n\n\n\n<p><strong><u>On the back of an executive order last week from President Joe Biden, the Centers for Disease Control and Prevention issued an order late Friday requiring travelers in the United States to wear face masks<\/u><\/strong> at transportation hubs and on planes and all forms of public transportation. The Order goes into effect late Monday, one minute before midnight. &#8220;People must wear masks that completely cover both the mouth and nose while awaiting, boarding, disembarking, or traveling on airplanes, ships, ferries, trains, subways, buses, taxis, and ride-shares as they are traveling into, within, or out of the United States and U.S. territories,&#8221; the CDC says. <strong><u>Masks are also required at airports, bus and ferry terminals, seaports, and train and subway stations, according to the federal agency.<\/u><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong><u>It\u2019s a Busy Week in the Markets<\/u><\/strong><\/h4>\n\n\n\n<p><strong><u>Monday<\/u><\/strong><\/p>\n\n\n\n<p>9:45 a.m. Manufacturing PMI<\/p>\n\n\n\n<p>10:00 a.m. ISM manufacturing<\/p>\n\n\n\n<p>10:00 a.m. Construction spending<\/p>\n\n\n\n<p>2:00 p.m. Atlanta Fed President Raphael Bostic and Boston Fed President Eric Rosengren<\/p>\n\n\n\n<p><strong><u>Tuesday<\/u><\/strong><\/p>\n\n\n\n<p>Vehicle sales<\/p>\n\n\n\n<p>10:00 a.m. Housing vacancies<\/p>\n\n\n\n<p>1:00 p.m. New York Fed President John Williams<\/p>\n\n\n\n<p>2:00 p.m. Cleveland Fed President Loretta Mester<\/p>\n\n\n\n<p><strong><u>Wednesday<\/u><\/strong><\/p>\n\n\n\n<p>8:15 a.m. ADP employment<\/p>\n\n\n\n<p>9:45 a.m. Services PMI<\/p>\n\n\n\n<p>10:00 a.m. ISM Services<\/p>\n\n\n\n<p>1:00 p.m. St. Louis Fed President James Bullard<\/p>\n\n\n\n<p>2:00 p.m. Philadelphia Fed President Patrick Harker<\/p>\n\n\n\n<p>5:00 p.m. Cleveland Fed&#8217;s Mester<\/p>\n\n\n\n<p>5:00 p.m. Chicago Fed President Charles Evans<\/p>\n\n\n\n<p><strong><u>Thursday<\/u><\/strong><\/p>\n\n\n\n<p>8:30 a.m. Initial claims<\/p>\n\n\n\n<p>8:30 a.m. Productivity and costs<\/p>\n\n\n\n<p>10:00 a.m. Factory orders<\/p>\n\n\n\n<p><strong><u>Friday<\/u><\/strong><\/p>\n\n\n\n<p>8:30 a.m. Nonfarm payrolls<\/p>\n\n\n\n<p>8:30 a.m. Employment report<\/p>\n\n\n\n<p>8:30 a.m. International trade<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><u><span style=\"color:#086aa3\" class=\"has-inline-color\">We have been extremely busy at PFL with return on lease programs involving rail car storage instead of returning cars to a shop.&nbsp; A quick turnaround is what we all want and need. &nbsp;&nbsp;Railcar storage in general has been extremely active.&nbsp; Please call PFL now at 239-390-2885 if you are looking for rail car storage, want to trouble shoot a return on lease scenario or have storage availability.&nbsp; Whether you are a car owner, lessor or lessee or even a class 1 that wants to help out a customer we are here to \u201chelp you help your customer!\u201d<\/span><\/u><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Railcar Markets<\/h2>\n\n\n\n<p class=\"has-text-align-center has-vivid-red-color has-text-color\"><strong><u><strong><u>Leasing and Subleasing has been brisk as economic activity picks up. Inquiries have continued to be brisk and strong Call PFL Today for all your rail car needs 239-390-2885<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>PFL is seeking: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>100 1232 23.5 tanks for asphalt in Quebec 6 months price negotiable<\/strong><\/li>\n\n\n\n<li><strong>200 117Js 30.3s for crude starting in June for 2 year lease negotiable<\/strong><\/li>\n\n\n\n<li><strong>50 tank cars in the mid-Atlantic region price negotiable<\/strong><\/li>\n\n\n\n<li><strong>250 31.8 tanks with mag rods in the northeast price negotiable<\/strong><\/li>\n\n\n\n<li><strong>5-10 30K tanks lined for liquor 5 years most class ones price negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 31.8K CPC 1232s or 30.3K 117R for the use of Gas and Diesel.<\/strong><\/li>\n\n\n\n<li><strong>340W\u2019s LPG pressure cars for various locations and lease terms,<\/strong><\/li>\n\n\n\n<li><strong>50-90 263 or 286 GRL needed for corn syrup for purchase<\/strong><\/li>\n\n\n\n<li><strong>50-60 Sulfuric acid cars 13.6 for purchase<\/strong><\/li>\n\n\n\n<li><strong>40-50 molten Sulfur Cars 13.8 for purchase<\/strong><\/li>\n\n\n\n<li><strong>15 500W tanks for CO2 use for lease 6-12 months<\/strong><\/li>\n\n\n\n<li><strong>10 CPC 1232 needed in Montreal 25.5 on the CN dirty to dirty negotiable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>12 CPC 1232 needed in Georgia 25.5 on the CSX dirty to dirty negotiable<\/strong><\/li>\n\n\n\n<li><strong>75 340W Dirty to Dirty last LPG \u2013 Needed in Canada UP April 2021 negotiable<\/strong><\/li>\n\n\n\n<li><strong>30 5400-5800 286 Hoppers needed in Texas off the BN for grain 2 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>50 1232 Tanks 28.3 for crude 6 months in Alberta on the CN price negotiable<\/strong><\/li>\n\n\n\n<li><strong>10 Veg Oil tanks 30K needed in Mexico off the BN for 2 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>5100 CU FT plus hoppers needed in the Midwest off the BN or UP negotiable<\/strong><\/li>\n\n\n\n<li><strong>35 lined 4000 cubic foot steel gondolas for Sulfur service. Needed in Alberta for 3-5 year lease<\/strong><\/li>\n\n\n\n<li><strong>10 Veg Oil tanks 30K in the Midwest UP or BN 1-3 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>25 CPC 1232 31.8s in Texas UP or BN 6-12 months for Jet Fuel negotiable<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><strong>PFL is offering: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Various tank cars for lease with dirty to dirty service including, nitric acid, gasoline, diesel, crude oil, Lease terms negotiable, clean service also available in various tanks and locations<\/strong><\/li>\n\n\n\n<li><strong>65 Covered PD Hoppers clean various sizes and locations 263 and 286\u2019s negotiable<\/strong><\/li>\n\n\n\n<li><strong>70 117Js available March in Texas dirty to dirty price negotiable<\/strong><\/li>\n\n\n\n<li><strong>450 117Js 28.3 C\/I for sale or lease in Texas<\/strong><\/li>\n\n\n\n<li><strong>50 CPC 1232 28.3 tanks clean last veg oil various locations negotiable<\/strong><\/li>\n\n\n\n<li><strong>200 CPC 1232 Compliant 25.5\u2019s C\/I for sale or lease<\/strong><\/li>\n\n\n\n<li><strong>100 65 ft. bulkhead flat cars, for sale or lease<\/strong><\/li>\n\n\n\n<li><strong>200 30K tankers cleaned and ready for service, for sale or lease,<\/strong><\/li>\n\n\n\n<li><strong>100 5650 PD hoppers brand new 65 ft, lease only, available in 30 days,<\/strong><\/li>\n\n\n\n<li><strong>218 73 ft 286 GRL riserless deck, center part for sale,<\/strong><\/li>\n\n\n\n<li><strong>19 auto-max II automobile carrier racks \u2013 tri-level for sale or lease in Arkansas<\/strong><\/li>\n\n\n\n<li><strong>100 65\u2019 100 ton log cars for lease, various locations,<\/strong><\/li>\n\n\n\n<li><strong>10 food grade 14.3 tanks lined for phosphoric acid for sale in Louisiana,<\/strong><\/li>\n\n\n\n<li><strong>49 60\u2019 Box cars 286 EOL refurbished in Tenn.,<\/strong><\/li>\n\n\n\n<li><strong>132 286 GRL DOT111s coiled and insulated 29K Gal for sale<\/strong><\/li>\n\n\n\n<li><strong>20 low sided gondolas for lease in NJ 2743 cu ft,<\/strong><\/li>\n\n\n\n<li><strong>100 34.2 Gallon Dot 111 for lease great for Ethanol or Alcohol<\/strong><\/li>\n\n\n\n<li><strong>20 food grade stainless steel cars<\/strong><\/li>\n\n\n\n<li><strong>50-80 117J or Rs 28K BN, UP, CN, Diesel dirty multiple locations negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 CPC1232 28.3 gal in Montana crude dirty BNSF negotiable<\/strong><\/li>\n\n\n\n<li><strong>30 111A 30K clean Texas BNSF last ethanol negotiable<\/strong><\/li>\n\n\n\n<li><strong>30 CPC 1232 25.5K Pennsylvania NS clean negotiable<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Call PFL today to discuss your needs and our availability and market reach. Whether you are looking to lease cars, lease out cars, buy cars or sell cars call PFL today 239-390-2885<\/strong><\/p>\n\n\n\n<p><strong><strong>PFL offers turn-key solutions to maximize your profitability. <\/strong>Our goal is to provide a win\/win scenario for all and we can handle virtually all of your railcar needs. Whether it\u2019s <strong><u>loaded storage, empty storage, subleasing or leasing excess cars, filling orders for cars wanted, <a href=\"https:\/\/pflpetroleum.com\/railcarleasingandsales.html\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar cleaning<\/a>, blasting, <a href=\"https:\/\/pflpetroleum.com\/railcarleasingandsales.html\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar repair<\/a>, or <a href=\"https:\/\/pflpetroleum.com\/railcarleasingandsales.html\" target=\"_blank\" rel=\"noreferrer noopener\">scrapping<\/a> at strategic partner sites, <\/u><\/strong>PFL will do its best to assist you. PFL also assists fleets and lessors with<a href=\"https:\/\/pflpetroleum.com\/railcarleasingandsales.html\" target=\"_blank\" rel=\"noreferrer noopener\"> leases and sales<\/a> and offers <strong>Total Fleet Evaluation Services. <u>We will analyze your current leases, storage, and company objectives <\/u><\/strong>to draw up a plan of action. <strong><u>We will save Lessor and Lessee the headache and aggravation of navigating through this rapidly changing landscape<\/u><\/strong><\/strong>.<\/p>\n\n\n\n<p class=\"has-text-align-center has-vivid-red-color has-text-color\"><strong><u><strong><u><strong><u>PFL IS READY TO CLEAN CARS TODAY ON A MOBILE BASIS WE ARE CURRENTLY IN EAST TEXAS<\/u><\/strong><\/u><\/strong><\/u><\/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<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p> A U.S. appeals court dealt a blow to the Dakota Access crude oil pipeline on Tuesday of last week, upholding a lower court\u2019s decision to throw out a key federal permit for the line and ordered a lengthy environmental review that will determine if it can keep operating. <\/p>\n","protected":false},"author":3,"featured_media":1326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-railcar-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Railcar Market Report for February 1st, 2021<\/title>\n<meta name=\"description\" content=\"A U.S. appeals court dealt a blow to the Dakota Access crude oil pipeline on Tuesday of last week, upholding a lower court\u2019s decision to throw out a key federal permit for the line and ordered a lengthy environmental review that will determine if it can keep operating.\" \/>\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-2-1-2021\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Curtis Chandler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 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-2-1-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-2-1-2021\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"PFL Railcar Report 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Railcar Report 2-1-2021\"}]},{\"@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 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