UP hopes to boost California crude-by-rail shipments

摘要

Houston—US rail company Union Pacific hopes to grow its crude-by-rail position in California, though its crude shipment volumes declined last quarter on tighter price spreads, an executive said Thursday. UP reported an 18% volume decline in crude shipments for the most recent quarter compared with Q1 2013, Eric Butler, executive vice president of marketing and sales, said on a quarterly earnings call.