Union Pacific charges add approximately $1.71 per barrel in shipping costs Union Pacific Corp. (ticker: UNP) announced that it will charge customers an additional $1,200 per car to ship crude oil by rail if they are using DOT-111 rail cars. The new charge will go into effect starting August 1, according to documents seen by Reuters. The news makes Union
As West Coast production falls, more crude oil is being shipped by rail Crude oil shipped to West Coast refiners has increased by a factor of 8 since 2012, according to the Energy Information Administration (EIA). In the first quarter of 2015, crude by rail shipments to the West Coast Region (PADD 5) averaged 191 MBOPD, more than 8 times
U.S. legislators aim to phase out old railcars Crude by rail has made headlines for all the wrong reasons in recent months. Derailments and safety issues regarding older railcars has made for plenty of fear-inducing news articles for cities and towns of all sizes, even though rail accidents have actually declined. A new bill being put forward by senators from
Bipartisan bill requires advanced notice for crude-by-rail shipments and a new tax Washington state lawmakers passed legislation last week that adds new requirements to oil being transported into the state by rail. The bill, Senate Bill 5057, was initially authored to cover a wider range of crude oil being transported in the state, but was altered to be more exclusive
