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Low oil prices unlikely to hurt railroads much

OMAHA, Neb.— The stunning collapse in oil prices over the past several months 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 4000 percent between 2008 and last year — from 9,500 carloads to 435,560 — as production boomed and the ...

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Rail safety vote nears

train

ALBANY – A vote by three men in the capital of North Dakota on Thursday could make thousands of massive crude oil trains crossing the U.S. on the way to Albany and other coastal ports a bit safer. The North Dakota Industrial Commission moved to require oil companies in its Bakken oil fields remove the most flammable components from crude ...

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Four Corners freight rail among the issues discussed at a meeting with the New Mexico Department of Transportation

Dan Schwartz | The Daily Times (Farmington, N.M.) FARMINGTON — Many participants at a Thursday planning session hosted by the New Mexico Department of Transportation here agreed that a railroad is needed from Thoreau to the Four Corners to transport goods that support oil drilling, agriculture and other industries. “If we don’t have that infrastructure,” said Ray Hagerman, CEO of Four ...

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Senators chide freight railroads on delays

Joan Lowy | Associated Press WASHINGTON — Senators and shippers complained Wednesday that widespread delays in freight rail shipments are hurting a wide array of industries and driving some companies out of business, and they expressed doubt that the railroad companies are doing all they can to fix the problem. The delays, which escalated late last year and continued through ...

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Bakken shipper argues rail is the way to ship crude

Railroad Oil Cars

Lydia Gilbertson | Shale Plays Media Google+ On Monday Eric Slifka, the head of a Bakken crude-by-rail shipping company, explained why he thinks rail transportation is the best choice for crude shipments. Slifka thinks that pipelines cost too much money and take too much time to build. He also argues that fewer oil spills happen with trains than with pipelines. ...

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2nd thoughts on 3 oil terminals

Aaron Corvin | The Columbian (Vancouver, Wash.) The town of Westport, dotting a windswept peninsula that juts into Grays Harbor, shows off panoramic views and offers tourists an affable collection of restaurants and stores festooned with American flags. Make no mistake, though, it’s a flinty workplace where many jobs remain tied to natural resources in the harbor itself. The town’s ...

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Ohio keeps oil hauls by rail a secret

train

Rick Rouan | The Columbus Dispatch State officials won’t release records detailing when railroads ship Bakken crude oil through Ohio. Federal regulators have warned that oil extracted from the Bakken shale formation in North Dakota might be more flammable than traditional heavy crude. Derailments and explosions of trains carrying Bakken crude spurred a federal order that requires railroads shipping at ...

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