Executives from both Canadian National (CN) and Canadian Pacific (CP) said that they anticipate a boost in crude-by-rail traffic come springtime, Trains Magazine reports.
Both CN Chief Financial Officer Ghislain Houle and CP Chief Marketing Officer John Brooks presented Nov. 13 at the Scotiabank Transportation & Industrials Conference in Toronto and said their railroads would be readying for increased oil traffic when the spring arrives and the country’s grain shipping rail traffic winds down, the magazine reported.
A lack of pipeline capacity is restricting the amount of oil that can flow, and crude-by-rail traffic has ramped up to a level approaching the country’s 2014 peak of a rate of 140,000 carloads annually, the magazine reported.
Data from the Association of American Railroads show that petroleum product shipments are up by more than 30 percent for both Canadian Class I carriers.
The full article is available on the Trains Magazine website (subscription required).
Related News
- After FRA rule, Jared Cassity explains why we still need the Rail Safety Act
- ALERT for L.A.-area members — operator stabbing suspect at large
- SMART-TD wins SEPTA members’ security in their chosen craft
- Shining brightly in the midst of darkness
- Early-bird pricing for TD National Training Seminar ends April 30
- SMART-TD endorses U.S. Sen. Mike Braun (R-Indiana) as the next governor of the Hoosier State!
- FTA action on bus, transit safety plans praised by SMART-TD
- 27 transit members reinstated back to work in Montebello, California
- FRA crew-size rule came from our collective power
- SMART-TD, FRA announce federal regulation requiring two-person freight crews