• At press time, West Texas Intermediate crude for September delivery rose 49 cents, or 1.2% to finish at $42.19 a barrel on the New York Mercantile, after rising as high as $43.52 immediately after the data. The global benchmark, October Brent crude closed at $45.17 a barrel, up 74 cents, or 1.7%, on ICE Futures Europe.
• Trinity Industries’ exposure to the financial troubles in the frac sand sector hurt the company’s second-quarter net profits. The railcar manufacturer and lessor reported an operating loss of $307.3 million, or $1.76 per diluted share, in the second quarter of 2020, versus operating profit of $107 million, or 29 cents per diluted share, for the same period in 2019.
• North Central Railcorp Inc. will buy Northern Industrial Sand’s dry plant and rail transloading facility, a deal that was approved by court in Barron County, Wis.