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Will safety investments to protect railroads, public increase CBR costs?
A sell-off of shares in companies engaged in extracting oil from the mid-continent Bakken formation was the first indication from investors that they expect government scrutiny of the potentially explosive…
U.S. regulators reviewing crude-by-rail
The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) and the Federal Railroad Administration are conducting a safety review of crude-by-rail shipments originating in the Bakken Shale formation,…
Crude by rail: The outlook is good
“Narrowing oil price differentials are impacting carloadings in the near term, but should not deter shippers from making long-term investments in crude-by-rail, which has many inherent logistical benefits that can…
CP and UP forge Canada-to-California CBR corridor
For the past year, BNSF Railway has dominated in the shipment of crude by rail (CBR) from North America’s Bakken shale formation westward to refineries and ship terminals along America’s…
PBF Energy East Coast rail facility to see first unit train, further infrastructures improvements
PBF Energy Inc. announced today the completion of the second crude oil unloading facility at its subsidiary's Delaware City refinery. The construction of the 70,000 barrel per day (bpd) rail…
BNSF unveils 2013 capital commitment program
BNSF Railway Co. late Friday announced its 2013 capital commitment program of approximately $4.1 billion, which the railroad said was "approximately a $450 million increase over its 2012 capital spend…
NS touts role in industrial development
Norfolk Southern said Friday it has "participated in the location of 64 new industries and the expansion of 30 existing industries along its rail lines in 2012."
CN to build new terminal for Bakken crude oil producers
CN and Tundra Energy Marketing Ltd., which handles crude oil on behalf of producers in the Williston Basin, including parent company Tundra Oil & Gas Partnership, have signed a memorandum…
Rail oil prospects excite Wall Street
Railroads these days are enjoying good “fracking” business—no pun intended—and Wall Street has taken notice.
L.B. Foster supplies concrete ties for refinery
L.B. Foster Co. on Tuesday announced it has been awarded a contract by RailWorks Track Systems, Inc. to supply 11,000 of its CXT® Concrete Ties for the construction of an…
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