North American crude-by-rail volumes down in Q2

摘要

Houston-North American rail operators told a familiar story in their quarterly earnings calls this month, indicating lower volumes during the second quarter and expecting them to stay that way for the rest of the year. Union Pacific, for instance, whose networks run from Chicago to points on the Gulf Coast in Texas and Louisiana, and to refining centers along the West Coast, saw “significant headwinds on crude oil shipments,” driving them down 46% during the quarter, Chief Marketing Officer Eric Butler said.