KCS closes in on crude by rail at Port Arthur, Texas

摘要

Washington—Kansas City Southern railroad is close to finalizing a deal to build a crude by rail terminal and storage facility at its Port Arthur property that would be able to offload unit trains of crude and then distribute the oil via pipelines to refineries in the area. CFO Michael Upchurch, speaking last week at the Wells Fargo Industrial and Construction Conference in New York City, did not provide further details at the time and KCS spokeswoman Ashley Thorne declined May 13 to provide further detail.