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Author Topic: CP Rail oil shipment deal signals rail transport no longer stopgap measure Back to Topics
BurntOrange

Champion Author
Austin

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Message Posted: Jan 11, 2013 12:07:55 AM

Canadian Pacific Railway Ltd., fresh from a tumultuous year of management and board shakeups that saw veteran railroader Hunter Harrison installed as chief executive officer after a bitter proxy battle, is hitching a ride on the great U.S. petroleum revival.

The Calgary-based company has emerged as the middleman in a five-year deal between Phillips 66, the refining arm of ConocoPhillips Co., and Massachusetts-based logistics provider Global Partners LP to ship roughly 50,000 barrels of crude oil per day from North Dakota’s roaring Bakken oil field to a refinery in Linden, New Jersey.

Over five years, the equivalent of roughly 91 million barrels of oil will be transported via CP’s rail network from a loading facility in Stampede, N.D., to a Global terminal in Albany, N.Y., potentially ...
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REPLIES (newest first) Post a Reply
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jrs4125
Champion Author Indiana

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Message Posted: Jan 12, 2013 4:29:47 AM

ok
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sljbc475
Champion Author Tucson

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Message Posted: Jan 11, 2013 11:01:15 AM

Utilizing transportation that has been around for years.
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eschroth442
Champion Author Cleveland

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Message Posted: Jan 11, 2013 10:24:08 AM

warren buffet keeps making a fortune and crude is moved. But the pipeline would have been better
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fuel2use
Champion Author Seattle

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Message Posted: Jan 11, 2013 9:42:38 AM

Existing infrastructure.
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merlinCO
Champion Author Colorado

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Message Posted: Jan 11, 2013 8:48:47 AM

Yeah...screw the pipeline.
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fencemanNY
Veteran Author New York

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Message Posted: Jan 11, 2013 7:03:54 AM

Now thats what I'm talkin about.
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skippypa
Champion Author Hawaii

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Message Posted: Jan 11, 2013 6:15:47 AM

Good news for the railroad
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pscamp
Champion Author Ottawa

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Message Posted: Jan 11, 2013 6:04:32 AM

Whatever
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hokieburgh
Champion Author Virginia

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Message Posted: Jan 11, 2013 5:28:44 AM

excellent news for the rail industry
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sprocketsplines
Champion Author Washington

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Message Posted: Jan 11, 2013 1:48:54 AM

The oil boom will keep the railroads running at their full carrying capacity even if the pipelines get built.
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Delight777
Sophomore Author Cleveland

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Message Posted: Jan 11, 2013 1:46:29 AM

Good!
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Bruno44
Champion Author Texas

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Message Posted: Jan 11, 2013 1:44:33 AM

Whatever it takes.
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comprof
Champion Author Houston

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Message Posted: Jan 11, 2013 1:42:21 AM

Good for the deteriorating US rail system but we still need the pipelines.
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probedude2
Champion Author Akron

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Message Posted: Jan 11, 2013 1:41:43 AM

Oil on rails all the way to New Jersey? Give thanks to Obama!
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Suzzoom
Champion Author Nevada

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Message Posted: Jan 11, 2013 1:34:23 AM

I'd trust the railroads before I'd trust a pipeline.
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TIGERPAW46
Champion Author Florida

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Message Posted: Jan 11, 2013 1:32:00 AM

The Canadian oil pipeline was also suppose to have a branch to pick up oil from the west & pump it to the East coast area.
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gman617
Champion Author Illinois

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Message Posted: Jan 11, 2013 1:30:31 AM

Maybe Amtrak can get in on this?
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pinofl
Veteran Author Miami

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Message Posted: Jan 11, 2013 1:29:14 AM

good
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jan 11, 2013 1:23:57 AM

Seems like a perfect match
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bby
Champion Author Twin Cities

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Message Posted: Jan 11, 2013 1:23:36 AM

Ok
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Zing20
Champion Author Fresno

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Message Posted: Jan 11, 2013 1:22:51 AM

Good
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2khawk
Champion Author Iowa

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Message Posted: Jan 11, 2013 1:21:08 AM

We don't have railroad companies here in the U.S.? I thought we were supposed to be creating jobs here. Oh that's right, Obama won the election.
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yonasb
Champion Author Houston

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Message Posted: Jan 11, 2013 1:19:57 AM

Hope it works this time
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Prodaddy
Champion Author Houston

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Message Posted: Jan 11, 2013 1:18:30 AM

Rail could be a good way to ship oil
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LKnight598
Champion Author South Carolina

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Message Posted: Jan 11, 2013 1:18:27 AM

Think a pipeline would be more efficient!
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hybridaholic
Champion Author Appleton

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Message Posted: Jan 11, 2013 1:17:51 AM

Get er done.
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DirtDauber
Champion Author San Antonio

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Message Posted: Jan 11, 2013 1:16:13 AM

Someone has to do it.
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roadrunnerMO
Champion Author Kansas

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Message Posted: Jan 11, 2013 1:12:27 AM

Canadian business ventures sure beat the heck out of our pro-business ventures here in U.S. Of course our so-called leader is either on vacation or out golfing all the time.
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Thomtec
Champion Author Nashville

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Message Posted: Jan 11, 2013 1:11:04 AM

Ok
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Tigercat88
Champion Author North Carolina

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Message Posted: Jan 11, 2013 1:10:06 AM

Good for them.
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shea33
Champion Author Pensacola

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Message Posted: Jan 11, 2013 1:09:51 AM

We could learn from North of the Border on some stuff
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TBONE3
Champion Author Pennsylvania

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Message Posted: Jan 11, 2013 1:08:14 AM

Correct obimerrill.
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obimerrill
Champion Author Cincinnati

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Message Posted: Jan 11, 2013 1:01:55 AM

Nice, but Canada gets revenue because Obama won't allow pipelines...more US jobs gone!
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GAS1251
Champion Author Texas

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Message Posted: Jan 11, 2013 1:00:26 AM

had to do something to get around the pipeline blues.
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Bill100
Champion Author Grand Rapids

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Message Posted: Jan 11, 2013 12:57:17 AM

Pipelines when possible. Rail otherwise. Trucks for local deliveries.
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uglytom
Champion Author Florida

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Message Posted: Jan 11, 2013 12:55:39 AM

Why not fly it there and cut out all the stops?
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Z51Corvette
Champion Author Austin

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Message Posted: Jan 11, 2013 12:54:19 AM

This is a sad state of affairs. This should be traveling by PIPELINE!

It's A LOT safer!
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defiancegasman
Champion Author Ohio

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Message Posted: Jan 11, 2013 12:53:04 AM

Sad state of US railroads that a CANADIAN RR has to ship oil from ND to NJ. I know that Grand Trunk RR was taken over by a Canadian RR back aroung 1970.
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southrob
Champion Author Tucson

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Message Posted: Jan 11, 2013 12:50:57 AM

dhan to help
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Focus2
Champion Author Illinois

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Message Posted: Jan 11, 2013 12:50:40 AM

I don't understand why a Calgary based company is the middleman in American oil fields. Getting the oil to the places where it is needed is a good thing, something the pipelines can't always provide.
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SHEP20715
Champion Author Maryland

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Message Posted: Jan 11, 2013 12:50:09 AM

Good for the rail road
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59glide
Champion Author New Haven

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Message Posted: Jan 11, 2013 12:50:02 AM

That sounds great.
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Jan 11, 2013 12:46:11 AM

lets hear it for the trains
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tedjm1
Champion Author New York

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Message Posted: Jan 11, 2013 12:42:44 AM

Gives rail more work.
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gsayeg1
Champion Author Milwaukee

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Message Posted: Jan 11, 2013 12:42:24 AM

I should have held on to my Lionel trains
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Zonk
Champion Author Michigan

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Message Posted: Jan 11, 2013 12:41:44 AM

This sounds like a win-win for all partners.
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UpSol7
Champion Author Augusta

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Message Posted: Jan 11, 2013 12:40:40 AM

rail freight much more flexible than pipelines
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ican2step
Champion Author Pittsburgh

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Message Posted: Jan 11, 2013 12:40:10 AM

What? The greenies are letting oil be shipped over LAND?
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mamabeck
Champion Author Florida

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Message Posted: Jan 11, 2013 12:35:01 AM

Sounds great!!
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Vette1967
Champion Author Albany

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Message Posted: Jan 11, 2013 12:34:52 AM

I like the idea of using our railroads and good news for the Port of Albany too.
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KnoxGasPriceSpy
Champion Author Knoxville

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Message Posted: Jan 11, 2013 12:34:04 AM

will this drop the price of my gas..?
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