CN Rail’s crude shipments drop 32% in Q3

摘要

Canadian National Rail handled nearly 23,300 car loads of crude in the third quarter this year, a 32% decrease compared with the same period of 2014. With WTI prices averaging $45/b compared with $95/b last year, crude has been a very competitive category for the railroad and the expectation is this will continue in 2016, COO Jim Vena said during an earnings webcast. “We also see a shift from manifest to unit trains for crude-by-rail movements,” he said, without elaborating.