Rail industry continues to gain from U.S. oil glut

12/27/2012 | Wall Street Journal, The

Rail is continuously becoming a viable alternative for U.S. crude oil shipments as new pipelines encounter several issues, leading companies such as BNSF to invest heavily in their infrastructure. "As long as there are no pipes to replace imported high-cost oil on coasts, rail is the only option," said Brad Olsen, a Tudor, Pickering, Holt & Co. analyst. Railroads are expected to haul an estimated 200,000 oil carloads this year, which is up from 66,000 carloads in 2011, according to the Association of American Railroads.

View Full Article in:

Wall Street Journal, The