Rig Report

The Association of American Railroads announced that October petroleum car loading’s were up by 19.4% over October 2010 loading’s.

From the AAR:

In October 2011, 12 of the 20 carload commodity categories saw increases on U.S. railroads compared with October 2010.  The largest gains were: motor vehicles and parts, up 6,177 carloads or 11.1 percent; coal, up 6,124 carloads or 1.1 percent; and petroleum and petroleum products, up 5,018 carloads or 19.4 percent. Commodity groups seeing a decline in October included grain, down 14,904 carloads or 14.2 percent, and grain mill products, down 2,173 carloads or 5.4 percent.