Canadian Pacific cuts crude-by-rail shipment outlook

摘要

Canadian Pacific Railway has lowered its outlook for crude shipments in 2015. During its fourth quarter conference call, president and chief operating officer Keith Creel said that expectations for 2015 have been reduced to 140,000 carloads. The company is basing this on $46 WTI. Management previously foresaw a crude-by-rail run rate of 200,000 carloads in 2015.