Oil traders are gently tapping the brakes on the thriving business of shipping U.S. and Canadian crude oil by rail, industry data showed this week, the first sign of a slowdown after a two-year boom.
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Tag Archives: railway
Region gets $200K for railway crossing upgrades
Southeastern Alberta is getting nearly $200,000 from the federal government to improve safety at 14 railway crossings.
“While Canada has one of the safest rail systems in the world, the Harper Government is working to further reduce rail accidents across the country,” said Medicine Hat MP LaVar Payne in a release. “These improvements will make our intersections safer in our riding.”
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Canadian National Railway spending $100M to upgrade Edmonton to Winnipeg line
EDMONTON – Canadian National Railway (TSX:CNR) said Tuesday it will add $100 million to its spending plans to upgrade the link between Winnipeg and Edmonton after a harsh winter that caused more than normal delays on the main line.
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Next stop, St. Albert
Perhaps St. Albert and Edmonton will have commuter rail service between them … again. One hundred years ago, that dream was a reality courtesy of the Edmonton Interurban Railway.
The Edmonton Interurban Railway was born with the same prolonged deliberation as the potential future LRT line, and with as many hopes riding along too, including the birth of a village in between the two municipalities.
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Trains carrying millions of gallons of crude oil across Maine; volume growing
PORTLAND, Maine – Millions of gallons of crude oil from the nation’s heartland are crossing Maine in railroad tank cars bound for a Canadian oil refinery, raising concern among environmentalists and state officials about the threat of an accident and spill.
The oil is primarily coming from the Bakken shale-oil field in North Dakota, with lesser amounts from neighbouring Canada, where oil production has boomed in recent years. Trains carried nearly 5.3 million barrels of the light crude — more than 220 million gallons — across the state and into New Brunswick last year, and the volume is growing.
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Oil by rail called dirtier
Opponents of the Keystone XL pipeline should consider one consequence of delays in building the oil pipeline – an increase in dirtier and more dangerous rail transport, a TransCanada Corp. executive said Thursday.
Alex Pourbaix, president of energy and oil pipelines at the Calgary-based pipeline and utility company, says although rail has an important role to play in moving oilsands crude to market, there are downsides to consider.
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Rail oil boom creating jobs as Keystone approval wait drags on
WASHINGTON – For all the debate over building the Keystone XL pipeline, the oil is moving without it.
Railroads such as Warren Buffett’s Burlington Northern Santa Fe LLC are the rolling alternative, keeping oil flowing from the Bakken in North Dakota to refineries along the Texas Gulf Coast, as the White House deliberates on the fate of TransCanada Corp.’s petroleum artery.
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Plan to load oil onto railway cars has residents leaving town
A plan to ship heavy oil by railway out of Alberta’s Peace River District has residents nervous in the small town of Falher where the oil would be loaded.
Altex Energy, of Calgary, has been looking for an alternative to the use of pipelines for getting the province’s oil to market.
Read more: http://tinyurl.com/btr3qw7
Demand for tank cars to ship crude oil by rail rises at breakneck speed
By early 2015, thousands of newly minted, gleaming crude tank cars will leave the sheds of manufacturers such as Trinity Industries Inc., Union Tank Car Co. and Greenbrier Co. to carry rising North American crude production, offering some relief to the choked North American oil pipelines.
Read more: http://tinyurl.com/bbfm2cz
Rail traffic to jump at Joffre
Rail traffic at the Nova Chemicals complex in Joffre will be boosted by about 30 per cent as part of a proposed polyethylene plant expansion.
A rail yard with room for 450 cars will be added on the west side of the existing yards, which will also be expanded to make room for almost 100 more cars.
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