Tag: Keith Creel

Crude oil shipments by rail reaching record levels ahead of harvest

Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read more »

CP Rail planning to invest half a billion dollars in 5,900 new hopper cars

Canadian Pacific Railway (CP) has announced a major investment in new hopper cars following the federal government’s passage of Bill C-49. Just weeks after Canadian National Railway (CN) announced an order for 1,000 new hopper cars, CP unveiled plans on Thursday to spend more than $500 million on around 5,900 high-capacity grain cars over the… Read more »