Canadian National Railway Co. and Canadian Pacific Railway Ltd., the country’s No. 1 and 2 carriers, are rushing to build terminals to load oil beyond the reach of pipelines in some of North America’s remotest regions.

Canadian National is in talks to build more oil terminals after an agreement last month to construct a facility serving Manitoba and Saskatchewan, Chief Executive Officer Claude Mongeau said in an interview. “Rapid-deployment terminals” as little as a tenth of that size also are in the works, he said.

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