Source: Reuters News Service, March 28, 2018
March 27 (Reuters) – Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbor.
However, their need for long-term contracts and the pressure to move a surplus of grains in the country is making it hard to cash-in on the prospect.
Canada moves about 95 percent of its oil by pipelines, which are currently full.
Image Source: Robin Booker
