Get a syringe to get in there and apply a tiny dab of oil to the axle on the inside of the wheel. then spin it to spread it. A little will go a long way if you put it where it is needed. The rest is wasted and will transfer onto your track. You have problems with traction now? Wait till it's collected the excess oil. Get a syringe with a cap for the needle. plan on oiling everything a couple times a year depending on how much you run them, Don't use WD40.
Adding extruded styrene foam to plywood won't quiet things down. Typically you use plywood or foam for the table top. What will quiet it down is a roadbed under the track. Cork is inexpensive and very effective. But you are dealing with tubular track and that track is very noisy. I was amazed at how quiet my trains got when I switched to Atlas-O. Same layout and trains. Different track.
Adding extruded styrene foam to plywood won't quiet things down. Typically you use plywood or foam for the table top. What will quiet it down is a roadbed under the track. Cork is inexpensive and very effective. But you are dealing with tubular track and that track is very noisy. I was amazed at how quiet my trains got when I switched to Atlas-O. Same layout and trains. Different track.