{"id":4050,"date":"2021-08-09T05:24:00","date_gmt":"2021-08-09T09:24:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=4050"},"modified":"2023-07-28T10:49:35","modified_gmt":"2023-07-28T14:49:35","slug":"pfl-railcar-report-8-9-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-9-2021\/","title":{"rendered":"PFL Railcar Report 8-9-2021"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><strong><strong><strong>\u201cLeadership is the art of getting people to do what you want them to do because they want to do it. <\/strong><\/strong><\/strong><\/strong>&#8220;<br><strong><strong><strong><strong>Dwight D. Eisenhower<\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n<center><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/2XDmX7_hNwk\" title=\"YouTube video player\" 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<h3 class=\"wp-block-heading has-text-align-center\"><strong><strong><strong><strong><strong><strong><strong>Weekly jobless claims down slightly week over week but remain elevated<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Initial jobless claims for the week ended July 24, 2021 came in at 385,000 down 15,000 people week over week which was above analysts\u2019 expectations.<\/li>\n\n\n\n<li>Continuing claims came in at 2.93 Million, down by 366,000 people week over week. <strong><\/strong><\/li>\n\n\n\n<li>Altogether, some 13.0 million people are reportedly receiving benefits through eight separate state or federal programs.<strong><\/strong><\/li>\n\n\n\n<li>On a good note, payrolls climbed by 943,000 last month after upwardly revised increases the prior two months, a Labor Department report showed Friday of last week. <strong><u>The unemployment rate dropped to a pandemic low of 5.4%, <\/u><\/strong>while earnings and hours worked remained elevated.<strong><\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Stocks closed lower on Friday of last week and down week over week<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The Dow closed higher on Friday of last week, up +144.26 (+0.41%) points closing out the week at 35,208.51,<\/u><\/strong> up +273.04 points week over week.&nbsp; <strong><u>The S&amp;P 500 closed higher on Friday of last week, up +7.42 points (+0.17%) and closing out the week at 4,436.52,<\/u><\/strong> up +41.26 points week over week. &nbsp;&nbsp;<strong><u>The Nasdaq closed lower on Friday of last week, down -59.36 points (-0.40%) and closing out the week at 14,835.76,<\/u><\/strong> up 163.08 points week over week.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In overnight trading, DOW futures traded lower and are expected to open down this morning<strong> <\/strong>119 points.<\/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><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Oil down on Friday and had it biggest weekly decline in months<\/strong>&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Oil prices fell about one percent lower on Friday, posting their steepest weekly losses in months, on worries that travel restrictions and new restrictions in other areas to purportedly curb the spread of the \u201cDelta variant\u201d of COVID-19 will derail the global recovery in energy demand. <strong><u>West Texas Intermediate (WTI) for September delivery fell 81 cents <\/u><\/strong>to settle at $68.28 a barrel on Friday of last week, down $5.67 a barrel week over week.&nbsp; <strong><u>Brent crude oil settled down 59 cents a barrel <\/u><\/strong>on Friday of last week closing at $70.70 a barrel, down $4.71 a barrel week over week.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. commercial crude oil inventories increased by 3.6 million barrels<\/u><\/strong> week over week. At 439.2 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"308\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-ending-stocks-1024x308.png\" alt=\"\" class=\"wp-image-4051\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-ending-stocks-1024x308.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-ending-stocks-300x90.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-ending-stocks-768x231.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-ending-stocks.png 1284w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: EIA \u2013 PFL Analytics<\/span><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total motor gasoline inventories decreased by 5.3 million barrels<\/u><\/strong> week over week and are 3% below the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"314\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-stocks-gasoline-1024x314.png\" alt=\"\" class=\"wp-image-4052\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-stocks-gasoline-1024x314.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-stocks-gasoline-300x92.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-stocks-gasoline-768x235.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-stocks-gasoline.png 1283w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: EIA \u2013 PFL Analytics<\/span><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Distillate fuel inventories increased by 800,000 barrels week over week and are 6% below the five-year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-distillate-fuel-1024x308.png\" alt=\"\" class=\"wp-image-4053\" width=\"840\" height=\"252\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-distillate-fuel-1024x308.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-distillate-fuel-300x90.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-distillate-fuel-768x231.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/us-weekly-distillate-fuel.png 1289w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: EIA \u2013 PFL Analytics<\/span><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Propane\/propylene inventories increased by 1.5 million barrels<\/u><\/strong> week over week and are 14% below the five-year average for this time of year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"307\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/propane-and-propylene-1024x307.png\" alt=\"\" class=\"wp-image-4054\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/propane-and-propylene-1024x307.png 1024w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/propane-and-propylene-300x90.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/propane-and-propylene-768x230.png 768w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/propane-and-propylene.png 1286w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: EIA \u2013 PFL Analytics<\/span><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Total commercial petroleum inventories decreased by 1.2 million barrels last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil imports averaged 6.4 million barrels per day<\/u><\/strong> last week, down by 75,000 barrels per day week over week. Over the past four weeks, crude oil imports averaged 6.6 million barrels per day, 15.8% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 845,000 barrels per day, and distillate fuel imports averaged 162,000 barrels per day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>U.S. crude oil refinery inputs averaged 15.9 million barrels per day <\/u><\/strong>during the week ending July 30, 2021 which was 46,000 barrels per day more than the previous week\u2019s average. Refineries operated at 91.3% of their operable capacity last week. Gasoline production increased last week, averaging 10.2 million barrels per day. Distillate fuel production increased last week, averaging 4.9 million barrels per day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Oil is lower in overnight trading and, as of the writing of this report, WTI is poised to open at $65.36, down $2.92 per barrel from Friday\u2019s close.&nbsp;<\/u><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">North American Rail Traffic<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Total North American rail volumes were up 3.7% year over year in week 30<\/u><\/strong> (U.S. +3.0%, Canada +3.5%, Mexico +15.5%) resulting in quarter to date volumes that are up 2.8% year over year and year to date volumes that are up 10.9% year over year (U.S. +12.4%, Canada +7.3%, Mexico +6.7%). 7 of the AAR&#8217;s 11 major traffic categories posted year over year increases with the largest increases coming from metallic ores &amp; metals (+40.8%) and intermodal (+1.9%). The largest decrease came from motor vehicles &amp; parts (-21.9%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the East, <strong><u>CSX\u2019s total volumes were up 6.4%,<\/u><\/strong> and the largest increases came from intermodal (+8.2%) and coal (+15.7%). The largest decrease came from motor vehicles &amp; parts (-17.7%). <strong><u>NS\u2019s total volumes were up 1.2%,<\/u><\/strong> with the largest increases from metals &amp; products (+27.1%) and petroleum (+70.7%). The largest decrease came from motor vehicles &amp; parts (-22.2%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the West, <strong><u>BN\u2019s total volumes were up 8.5%,<\/u><\/strong> with the largest increases coming from intermodal (+9.5%) and coal (+13.9%). The largest decrease came from grain (-26.2%). <strong><u>UP\u2019s total volumes were down 2.2%,<\/u><\/strong> with the largest decreases coming from intermodal (-5.8%) and motor vehicles &amp; parts (-34.1%). The largest increase came from stone, sand &amp; gravel (+23.4%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Canada, <strong><u>CN\u2019s total volumes were up 5.3%,<\/u><\/strong> with the largest increases coming from coal (+98.1%) and metallic ores (+27.2%). The largest decreases came from motor vehicles &amp; parts (-27.8%) and farm products (-52.7%). RTMs were up 6.1%. <strong><u>CP\u2019s total volumes were up 6.3%,<\/u><\/strong> with the largest increases coming from intermodal (+10.6%), coal (+27.9%) and petroleum (+52.7%). The largest decrease came from farm products (-81.3%). RTMs were down 1.1%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>KCS\u2019s total volumes were up 7.9%,<\/u><\/strong> with the largest increase coming from coal (+68.5%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Source: Stephens<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Rig Count<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u><strong><u>North American rig count is up by 6 rigs week over week.&nbsp; The U.S. rig count was up by 3 rigs week over week<\/u><\/strong> and up by 244 rigs year over year. The U.S. currently has 491 active rigs. Canada\u2019s<strong><u> rig count was up by 3 rigs week over week, and up by 109 rigs year over year<\/u><\/strong> and Canada\u2019s overall rig count is 156 active rigs.&nbsp; <strong><u>Year over year we are up 343 rigs collectively.<\/u><\/strong>&nbsp;<\/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-full\"><img loading=\"lazy\" decoding=\"async\" width=\"727\" height=\"123\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/narc-8-8-21.png\" alt=\"\" class=\"wp-image-4055\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/narc-8-8-21.png 727w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/narc-8-8-21-300x51.png 300w\" sizes=\"auto, (max-width: 727px) 100vw, 727px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"809\" height=\"409\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/rig-count-8-8-21.png\" alt=\"\" class=\"wp-image-4056\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/rig-count-8-8-21.png 809w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/rig-count-8-8-21-300x152.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/rig-count-8-8-21-768x388.png 768w\" sizes=\"auto, (max-width: 809px) 100vw, 809px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: Baker-Hughes &#8211; PFL Analytics<\/span><\/strong><\/figcaption><\/figure>\n<\/div>\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\">Petroleum by Rail<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The four-week rolling average of petroleum carloads carried on the six largest North American railroads rose to 24,008<\/u><\/strong> from 23,818, a gain of 190 rail cars week over week. Canadian volumes were lower &#8211; <strong><u>CN shipments were down 2.2% while CP shipments were down by 13.6%. &nbsp;<\/u><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"452\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/canadian-crude-oil-8221.png\" alt=\"\" class=\"wp-image-3999\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/canadian-crude-oil-8221.png 794w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/canadian-crude-oil-8221-300x171.png 300w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/canadian-crude-oil-8221-768x437.png 768w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/><figcaption class=\"wp-element-caption\"><strong><span class=\"has-inline-color has-black-color\">Source Data: Canadian Energy Regulator \u2013 PFL Analytics<\/span><\/strong><\/figcaption><\/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>Railcar Scrapping<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>The scrap market went down slightly last week, <\/u><\/strong>but held close to historic highs with the pricing for August only seeing a 5% drop from July. Economists are forecasting for a relatively flat market until Q4 when prices are expected to drop. <strong><u>This the best time to scrap railcars<\/u><\/strong> that may be nearing the end of their lives, distressed cars, or cars phased out by regulations. According to Argus, there were 43,100 railcars scrapped in 2020. As of June 2021, 47,000 railcars have already been scrapped.&nbsp; This blistering pace will only continue through the end of 2021. <strong><u>&nbsp;Space is very limited at facilities, so book your slots now with PFL while you can. <\/u><\/strong>If your railcars cannot move \u2013 no worries we will come to you for larger orders \u2013 call PFL today for mobile scrapping options.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>PFL Scrapping Locations<\/strong><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"695\" height=\"382\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/scrap-8-8-21.png\" alt=\"\" class=\"wp-image-4057\" srcset=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/scrap-8-8-21.png 695w, https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/08\/scrap-8-8-21-300x165.png 300w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><figcaption class=\"wp-element-caption\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\"><strong>Source Data: PFL Analytics<\/strong><\/mark><\/figcaption><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Propane, Natural Gas and Coal<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Propane prices in Asia remain on fire and reaching new highs,<\/u><\/strong> it is going to be difficult to fill storage here in the U.S.&nbsp; Also, Liquefied Natural gas (\u2018LNG\u201d) pricing for September delivery into Northeast Asia was estimated at about $16.90 per mmBtu, up $1.30 per mmbtu week over week.&nbsp; Temperatures in Beijing, Tokyo and Shanghai are expected to be higher than average over the next two weeks, increasing short-term demand for cooling. Additionally, buyers are already securing supply ahead of winter.&nbsp; Last winter, spot prices rose to record highs of $33.00 per mmBtu amid production constraints in export countries. Europe has failed to replenish inventories since last winter and are now competing for world spot demand with China.&nbsp; With natural gas so high, coal is following. Folks, here in the U.S. are putting coal cars back to work and are even looking for additional cars in the right place \u2013 good news for rail!<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Canadian Coal Project Canceled<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Ironically, as the demand for coal has skyrocketed, <\/u><\/strong>Canada on Friday formally blocked a proposal to build a steelmaking coal mine in the Rocky Mountains of Alberta, citing what it said would be the significant environmental damage.&nbsp; The decision did not come as a surprise since energy regulators last month said the Grassy Mountain Project, proposed by a unit of Australian billionaire Gina Rinehart&#8217;s Hancock Prospecting Pty Ltd., would not be in the public interest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Environment Minister Jonathan Wilkinson, responsible for making the final decision, said the project would harm surface water quality and threaten endangered animal and tree species.&nbsp; Hancock&#8217;s Riversdale Resources Ltd. unit said that at its peak, the proposed CAD$800 million ($638 million USD) project would produce 4.5 million tons of steelmaking coal a year, generate CAD$1.7 billion in taxes as well as royalties over the 23-year mine life, and employ 400 people. They plan to appeal the decision.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Dakota Access Pipeline<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd,<\/u><\/strong> even as it wages a legal battle for DAPL&#8217;s survival.&nbsp; \u201cWe recently placed the next phase of incremental capacity for the Bakken Pipeline Optimization project into service, which is supported by minimum volume commitments from long-term customers,\u201d co-CEO Tom Long said during a conference call with investors. \u201cWith completion of this phase of the optimization, Dakota Access now has the ability to flow approximately 750,000 barrels per day.\u201d&nbsp; This is great news for Energy Transfer and its partners but not good news for crude by rail out of the region.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><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 wp-block-paragraph\"><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 wp-block-paragraph\"><strong>PFL is seeking: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>100 coal cars rotary hoppers for service on the BNSF 1-2 years Negotiable<\/strong><\/li>\n\n\n\n<li><strong>25 bulkhead flats 286 any class one for up to 5 years Negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 fuel oil cars in Texas dirty to dirty service&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>100 non coiled R\u2019s or J\u2019s clean or last in Jet Fuel needed in Houston<\/strong><\/li>\n\n\n\n<li><strong>10 open top hoppers 2400 C FT in Texas needed for stone on the UP 3-5 years<\/strong><\/li>\n\n\n\n<li><strong>20 19,000 Gal Stainless cars in Louisiana UP for nitric acid 1-3 years negotiable<\/strong><\/li>\n\n\n\n<li><strong>8 Hoppers for plastic pellets wanted to purchase<\/strong><\/li>\n\n\n\n<li><strong>15-25 5,200CF or greater covered hoppers needed in Illinois off the CN or NS.<\/strong><\/li>\n\n\n\n<li><strong>10 6,300CF or greater covered hoppers needed in the Midwest.<\/strong><\/li>\n\n\n\n<li><strong>20 17K tank cars for purchase. Must be food grade.<\/strong><\/li>\n\n\n\n<li><strong>20 117s 29K for use in Wash and LA on the UP&nbsp; for VGO and UMO<\/strong><\/li>\n\n\n\n<li><strong>15-25 20K 23.5K cars for Oct Slurry needed in the South for 1 Year<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><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 including Rs 111s, and Js \u2013 Selection is Dwindling. Call Today!<\/strong><\/li>\n\n\n\n<li><strong>100 117Rs dirty last in Gasoline in Texas for lease Negotiable<\/strong><\/li>\n\n\n\n<li><strong>20 117R 30K plus tanks for ethanol in Wisconsin off the CN Negotiable<\/strong><\/li>\n\n\n\n<li><strong>80 6350 Grain Hoppers in Nebraska on the BN Clean Negotiable<\/strong><\/li>\n\n\n\n<li><strong>90 117Rs 30K located in Alberta CN or CP Refined Products Dirty \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>37 BRAND NEW 5161 Sugar Hoppers in Arkansas UP \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>99 340W Pressure Cars various locations Butane and Propane dirty negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 73 ft 286 GRL riser less deck, center part for sale,<\/strong><\/li>\n\n\n\n<li><strong>19 auto-max II automobile carrier racks \u2013 tri-49 for sale \u2013 negotiable<\/strong><\/li>\n\n\n\n<li><strong>10 food grade stainless steel cars<\/strong><\/li>\n\n\n\n<li><strong>30 CPC 1232 25.5K Pennsylvania NS clean negotiable<\/strong><\/li>\n\n\n\n<li><strong>100-150 29K C\/I 117J cars for lease. Dirty in Bakken crude and can be returned dirty.<\/strong><\/li>\n\n\n\n<li><strong>100 29K C\/I 1232 cars for lease. Dirty in Heavy Crude and can be returned dirty.<\/strong><\/li>\n\n\n\n<li><strong>100 117Rs 29K clean last used in crude Washington State \u2013 price negotiable sale or lease<\/strong><\/li>\n\n\n\n<li><strong>21 111s 29K tanks last in alcohol dirty on the CN in Wisconsin for lease price negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 111s of various volumes and locations last in fuel oil dirty price negotiable<\/strong><\/li>\n\n\n\n<li><strong>Various Hoppers for sale and lease 3000-5800 CF 263 and 286 multiple locations negotiable<\/strong><\/li>\n\n\n\n<li><strong>45 Boxcars 60ft Plate F\u2019s Located in Tenn CSX \u2013 Lease Negotiable<\/strong><\/li>\n\n\n\n<li><strong>28 20K Veg oil cars for lease in Arkansas \u2013 Negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 3200 Covered Hoppers for sale price negotiable<\/strong><\/li>\n\n\n\n<li><strong>100 Center beam Flats with risers 73ft in SD and Iowa for sale 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 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 239-390-2885<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><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:\/\/youtu.be\/tcf2z1riziI\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar cleaning<\/a>, blasting, <a href=\"https:\/\/pflpetroleum.com\/railcarmaintenanceandrepair.html\" target=\"_blank\" rel=\"noreferrer noopener\">mobile railcar repair<\/a>, or <a href=\"https:\/\/pflpetroleum.com\/railcarscrapping.html\" target=\"_blank\" rel=\"noreferrer noopener\">scraping<\/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 and offers<\/a> <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 wp-block-paragraph\"><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. 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https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PFL Railcar Report 8-9-2021<\/title>\n<meta name=\"description\" content=\"On a good note, payrolls climbed by 943,000 last month after upwardly revised increases the prior two months, a Labor Department report showed Friday of last week.\" \/>\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-8-9-2021\/\" \/>\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=\"13 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-8-9-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"PFL Railcar Report 8-9-2021\",\"datePublished\":\"2021-08-09T09:24:00+00:00\",\"dateModified\":\"2023-07-28T14:49:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/\"},\"wordCount\":2326,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/PFL-Railcar-Report-8102020.jpg\",\"articleSection\":[\"Railcar Report\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/\",\"name\":\"PFL Railcar Report 8-9-2021\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/PFL-Railcar-Report-8102020.jpg\",\"datePublished\":\"2021-08-09T09:24:00+00:00\",\"dateModified\":\"2023-07-28T14:49:35+00:00\",\"description\":\"On a good note, payrolls climbed by 943,000 last month after upwardly revised increases the prior two months, a Labor Department report showed Friday of last week.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/pfl-railcar-report-8-9-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/PFL-Railcar-Report-8102020.jpg\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/PFL-Railcar-Report-8102020.jpg\",\"width\":2500,\"height\":1667,\"caption\":\"Train in New Hampshire for use with the PFL Railcar Report. 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(CEI) &amp; Chandler Energy Resources Inc. These companies quickly became prominent players in the Canadian natural gas market, moving substantial volumes of gas to customers in North America. Chandler Energy Resources collaborated with Dominion Energy &amp; Sabine to develop an underground natural gas storage facility near Edmonton, Alberta. Following these successes, Curtis established Intercontinental Energy Brokers in 1997, which emerged as a leading gas &amp; power broker in Europe before being sold to ICAP in 2003. 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Learn more about rail markets, traffic indicators and general market information."},{"@type":"BreadcrumbList","@id":"https:\/\/pflpetroleum.com\/reports\/pfl-railcar-report-8-9-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"PFL Railcar Report 8-9-2021"}]},{"@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 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\/b52cec883a82d94540b07fb1f9e49319","name":"Curtis Chandler","description":"Throughout his career, Curtis has held various significant roles in renowned energy organizations. He served as the Principal &amp; Director of Blackstone Energy Services Inc. &amp; played a crucial role as the Managing Director of Collingwood Ethanol L.P. He also worked as a Partner at Intercontinental Energy Brokers Inc., specializing in derivatives. Curtis's also served as the Director of Marketing &amp; Supply at Novagas Clearinghouse Ltd., a subsidiary of Dynegy Canada Inc. Additionally, he held the position of VP at Great West Energy Ltd., a subsidiary of Bow Valley Energy Inc., where he played an instrumental role in establishing the company. Curtis also co-founded of Great West Energy with his father in 1988. During the rapid growth of Great West Energy, Curtis oversaw information systems, managed supply purchasing &amp; sales, &amp; played a pivotal role in new market development. Curtis also worked as a market maker at Novagas, responsible for pricing decisions across all regions of Canada. In 1994, he co-founded Chandler Energy Inc. 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