OMAHA, Neb. – The stunning collapse in oil prices won’t derail the railroads’ profit engine, even if it does slow the tremendous growth in crude shipments seen in recent years.
Carloads of crude oil spiked well over 4,000 percent between 2008 and last year — from 9,500 carloads to 435,560 — as production boomed and the cost for a barrel of oil soared into the triple digits.
Read the complete story at the Times Herald-Record.
Related News
- Chairman Pauli Announces Retirement, SMART-TD celebrates his career
- New Mexico Local 1687 sets new precedent with Red Apple Transit
- Tentative Agreement Reached With TransitAmerica Services (TASI)
- New CSX conductor improvises to save a life
- SMART News: Protecting Railroad Retirees’ Future
- More Than a Story: SMART-TD’s Women’s History Month Highlights Legacies in the Making
- Tentative Agreement Reached in Boston
- Assembly, No. 1672
- Historic short-line agreement proves workers are stronger with SMART-TD at their side
- SMART-TD’s Public Comment Opposing CSX’s “Zero-to-Zero” Push