Washington-Kansas City Southern railroad last week said the recent narrowing of the Brent-WTI spread that has made foreign crude imports along the US Gulf Coast more competitive is only a short-term concern and that the fundamentals of its oil transport segment remain strong. “We’ve been in close contact with our customers and partners, and there’s a huge amount of capital invested to bring crude by rail to our service region,” Executive Vice President Pat Ottensmeyer said on an earnings conference call. “Longer term, we feel very well-positioned, and we see growth for several years ahead.”
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