Low oil prices unlikely to hurt railroads much
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.